The PGA Tour announced Wednesday that two independent directors were added to the PGA Tour Policy Board: former Citigroup Chief Executive Officer Mike Corbat and AutoZone Executive Chairman Bill Rhodes.
Corbat worked in the financial services industry for 38 years, all at Citigroup or its predecessor companies. He was named CEO in 2012 and retired in 2021.
“As the business of sport continues to evolve, it is an exciting time to join the PGA Tour Policy Board,” said Corbat in a news release sent by the Tour. “And as someone who loves the game and is a fan at heart, working with our players to better serve fans is an incredibly unique opportunity.”
Rhodes started with AutoZone in 1994 and was named CEO in 2005 at the age of 39, the youngest Fortune 500 CEO at the time.
“I am indebted to the game of golf for what it has given me from an early age, from the relationships to the life lessons, and I’m looking forward to contributing to its future in this new role,” said Rhodes in a news release sent by the Tour.
Rhodes played college golf at University of Tennessee at Martin. The program’s on-campus golf facility, built in 2013, was named the Rhodes Golf Center in “honor of the many contributions from Rhodes and his wife, Amy,” said the Tour’s release.
“We are thrilled to welcome Mike Corbat and Bill Rhodes to the PGA Tour Policy Board during this important period in our organization’s history,” said Board Chairman Joe Gorder in the same release. “As the PGA Tour continues to evolve, our partnership with our players and commitment to fans remains unwavering. Mike and Bill will play critical roles in helping us further modernize Tour governance, while preserving the player-led focus that has helped define our organization since 1968.”
“In addition to their substantial professional accomplishments and exceptional leadership qualities, both of our new Independent Directors have a shared passion for the game of golf and the future of the PGA Tour,” said PGA Tour Commissioner Jay Monahan.
The Tour says that the “Policy Board is tasked with directing business strategies, establishing corporate policies and regulations, setting financial objectives and ensuring the financial success of the Tour.”
This article originally appeared on Golfweek: PGA Tour Policy Board announces addition of two independent directors
