Miami - Jay Monahan was appointed the new commissioner of the US PGA Tour on Monday by the group's policy board, taking over on January 1 when current commissioner Tim Finchem retires.
Monahan, 47, has been the tour's deputy commissioner since
2014 and working for the tour in some fashion for the past eight years.
"Jay has proven himself to be an outstanding leader who
has developed an intimate knowledge and understanding of the PGA Tour and a
clear vision for the future of the organization," said policy board
chairman Victor Ganzi.
His move into the role had been expected. Just as Finchem
before him, he served as deputy commissioner and was appointed the tour's chief
operating officer before taking the top job.
"I am greatly honoured by the trust the policy board
has shown in me," Monahan said.
"Under Tim's leadership, the PGA Tour has made
remarkable progress, even in the most difficult economic times.
"We're now entering a very important time in our
organization's history and I know our executive team and I will draw upon and
be inspired by the invaluable experience of working with Tim as we take
advantage of the extraordinary opportunities, as well as face the challenges,
that are ahead."
Finchem, 69, has served more than 22 years in the job since
replacing Deane Beman on June 1, 1994. That same year, Tiger Woods won his
first US Amateur crown and served notice of the legendary golf career that
would unfold on Finchem's watch.
With fan interest in Woods driving growth in the sport,
Finchem was able to oversee record prize money, tour revenue and television
ratings. The Presidents Cup, pitting US players against a non-European
Internationals squad, plus the World Golf Championships events and the current
playoff system were all created during Finchem's tenure.
"I have the highest regard for Jay and have total
confidence in his ability to lead the PGA Tour well into the future,"
Monahan is a former executive at IMG Worldwide and at Fenway Sports Group, owners of Liverpool football club in the English Premier League and baseball's Boston Red Sox.