Jack Nicklaus reducing day-to-day role with Nicklaus Companies
Jack Nicklaus has decided to step away from day-to-day duties as head of Nicklaus Companies, with Howard Milstein taking the role as executive chairman. After recently turning 78 the 73-time PGA TOUR winner and record 18-time major winner has decided to spend more time working on charitable projects based around children’s healthcare and also initiatives to grow the game of golf. “I have spent my life building the Nicklaus Companies, and there has come a time in my life when I need to reduce my level of involvement and pursue many other things I am very interested in,” Nicklaus said in a statement on Thursday. “While my health is excellent, and I have a great deal of energy and enthusiasm, it became apparent by last fall that it was time for me to spend more time on these other activities. “I didn’t want to make a big deal out of it, and there is no reason for me to do so, because I will continue to support the Nicklaus Companies and I want the company to be successful. “However, my life has changed and I wish to support my wife, as well as other family members, in any endeavor they are involved. I have said many times that Barbara spent much of her life supporting me and my career, and for the last few years, I have tried to dedicate my time and energies to supporting her and what she is involved in. “I am enjoying that aspect and want to continue to devote my time to her and these other life-changing efforts, and to enjoy our lives together.” Nicklaus Companies was founded in 1962 and includes multiple products from golf equipment and apparel to beverages and ice cream. Nicklaus Design has 415 courses open for play in 45 countries and 39 U.S states. He will continue to support the golf course design projects currently under development. Nicklaus will remain with the company as co-chairman, and the Nicklaus family will retain majority ownership of the company with Milstein, who joined the company in 2007. “I would like to thank Howard. He has enabled me to monetize what I have built in this company, take care of my family, and allowed me the time to focus on these other priorities in my life,” Nicklaus said. Milstein is Chairman of New York Private Bank & Trust, the country’s largest family owned and operated bank. “Jack Nicklaus has basically spent a lifetime building a successful company and brand that is viewed as the strongest in golf,” Milstein said. “We embrace the opportunity and responsibility to make certain this great brand, one that represents excellence, continues to grow in global prominence. “Everywhere you turn, Jack Nicklaus has left his imprint on the game of golf. About 50 years ago, he was instrumental in creating the enormously successful PGA TOUR we know and enjoy today. “In 1976, he created the Memorial Tournament—his gift to Central Ohio that has become one of golf’s most prestigious events. He has been a national co-chair and Trustee of The First Tee, and he and the company have become a Trustee of the PGA of America’s charitable arm, PGA REACH. “Jack has certainly given far more back to the game than it has given him, and I know he will continue to impact the game and charity on a daily basis. I am proud to call him a partner.” For more information on the Nicklaus Companies, please visit nicklaus.com.
Share the details of Jack Nicklaus reducing day-to-day role with Nicklaus Companies with your friends: