AUSTIN, TEXAS | PGA Tour Commissioner Tim Finchem recently received a one-year contract extension but it’s his intention to step aside by the end of 2016, turning the leadership job over to Jay Monahan, the Tour’s deputy commissioner and chief operating officer.
Finchem’s contract was set to expire June 1 this year but the extension will allow him to continue focusing on a handful of special projects, he said. Finchem has been the Tour’s commissioner since 1994.
“The length of the contract really is just a placeholder in terms of giving me a little more time to do some of the projects I’m engaged in now and I want to bring those forward. I wouldn’t assume I would be in this job after the first of the year,” Finchem said Sunday in a meeting with reporters.
“The great news is our succession plan is working exceedingly well. Jay has been with us for eight years, which is longer than I was with the Tour before I became commissioner.”
Finchem said Monahan already handles the day-to-day operation of the Tour. The Tour’s board of directors would have to approve Monahan as the next commissioner but that is seen as a formality.