PGA Tour Executive Vice President and Chief Financial Officer Jay Madara is retiring, effective March 31, the PGA Tour announced on Friday. Madara is 54.
Since joining the Tour in 2021, Madara supported several key strategic initiatives, most notably helping lead the Tour’s establishment of a for-profit subsidiary with the launch of PGA Tour Enterprises and the investment by Strategic Sports Group. He also played a critical role in the creation of the first-of-its-kind Player Equity Program, a unique ownership model in the sports industry. He is also listed as the Tour’s treasurer on its non-profit Form 990 filing and it is his signature that signs off on the document. According to the Tour’s latest Form 990, he earned more than $2 million in 2024.
Jay Madara.
Madera formerly served a similar role as CFO at NBC Universal Media and before that at the Golf Channel.
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“Jay has been an instrumental leader during a period of significant change for the PGA Tour, and his financial stewardship helped position our organization for long-term growth,” said Tour CEO Brian Rolapp in a press release. “We are grateful for his contributions and service and wish him and his family all the best in retirement.”
The Tour said it has retained Korn Ferry, the title sponsor of its development circuit, to lead a national search for its next CFO.
This article originally appeared on Golfweek: PGA Tour CFO Jay Madara retires; search for replacement begins
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