After recent speculation in the media and understandable concern expressed by some of the membership of the Tour, sponsors and promoters, the Board of Directors of the Ladies European Tour announced today that Ian Randell’s employment as Chief Executive of the Ladies European Tour has ended, following a Board meeting on Tuesday 23rd November. Karen Lunn, the Chairman of the LET Board of Directors assured all interested parties that the LET will move forward under new leadership to be announced in the near future.
“I confirm that last week Ian Randell’s employment with the Tour was ended,” said Lunn.
“The details regarding Ian’s departure are subject to legal protocol and therefore it is not appropriate for me to provide further detail until the process is concluded. At that stage I will provide additional information if necessary.”
Lunn explained that the LET Board and Players Council are meeting today, Friday 3rd December, to discuss the process for the appointment of a replacement for Ian Randell and also confirmed that the 2005 schedule is in the process of being finalised and will be released to the LET membership and media next week.
Lunn added that despite the current situation, none of the prospective tournaments next year will be affected.
“Our principle promoters, sponsors and television partners are being contacted and it is believed there will not be any detrimental effect to these playing opportunities as a result of recent events,” she continued. “Indeed, we hope further opportunities and enhanced prize funds remain a possibility.”
Lunn also added that there have been changes in the formation of the LET Board of Directors after the resignation of Huub van de Coolwijk and John Scurlock Davies, two non-executive directors.
“Huub and John are no longer serving on the board of directors. They have been valued advisors and I thank them for all their time and assistance,” added Lunn. “During the summer we welcomed Keith Lyons to the Board. Keith enjoyed a distinguished career with the industrial companies Dupont and Uponor, and brings with him a wealth of business acumen and planning expertise.
“I am also pleased to announce that with immediate effect Roland Specker has accepted a position on the board. This brings the representation of non-player directors back to the traditional number of two. Roland was born and lives in Germany. He is recently retired, having built and sold a successful investment counselling and property company.
“Like Keith, Roland is a keen golfer with a good working knowledge of the golfing community. I am confident that our new team of non-player directors will provide strong and valuable support to the board.
“The board of directors remains fully committed to delivering the most playing opportunities and highest prize funds for the whole of the membership and together will formulate a plan for the future development of the Ladies European Tour.”
Ladies European Tour www.ladieseuropeantour.com
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