Nicklaus Cos. makes key leadership changes

The Nicklaus Cos. announced several key management changes, including the appointment of Gary Nicklaus, one of Jack Nicklaus’ four sons, as vice chairman, and the promotion of Paul Stringer, who will oversee day-to-day operations of the company’s course design business.

As executive vice president Stringer will take over for Tim Kenny, who will shift his attention to manage The NicklausMilstein Fund. Created by Howard Milstein, chairman and CEO of New York Private Bank & Trust, which partnered with the Nicklaus family in June 2007, the fund is designed to seek investment opportunities in real estate and course design.

“These moves are part of an exciting time for the Nicklaus organization,” said Nicklaus CEO John Reese in a statement. “We continue to enhance our presence in Asia, essentially doubling our staff in China. Jack has been very committed to growing the game globally, so we are excited about the recent vote to include golf in the Olympic Games, beginning with Brazil in 2016. We are already involved in Brazil and South America, and we are eager to grow with the game in these markets.

“Domestically, we have a large Nicklaus Design family of existing courses, and we are making great efforts to reconnect with them, whether it be on the design side or with support through our other Nicklaus services and partnerships.”

Despite an economy that has slowed course development in most global markets, Nicklaus Design has 22 signed contracts thus far in 2009, including 16 projects across China, Korea and India.

Stringer has over 25 years of experience in the golf business, first as a golf professional and general manager at various golf clubs in the southwestern United States. He has served two terms on the board of the Southwest Section of the PGA of America, and is a member of the Urban Land Institute. Most recently, he served as Nicklaus Design’s senior vice president of new business development, which included responsibility for Asia operations.

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