Global Edition

Nicklaus Companies names Peter Rummell as CEO

8.44am 12th August 2008 - People

Peter Rummell, whose leadership over the past decade helped transform The St. Joe Company into one of the USA’s most dynamic real estate companies, now brings his development experience and brand-building expertise to the Nicklaus Companies in his new role as Chief Executive Officer.

The appointment was announced by Nicklaus Companies Founder, Chairman and past CEO Jack Nicklaus, who lauded Rummell’s experience and the vision he possesses to help guide the global golf and licensing company into the future.

“Peter Rummell is a man who understands excellence, and has led organizations to excellence throughout his career,” Nicklaus said. “We are extremely fortunate to have Peter join our organization and at such an exciting time in the evolution of our company. A year ago, we found a like-minded partner in New York Private Bank & Trust to help us grow our brand and our branded businesses. The addition of Peter fits perfectly with our strategy to build on the success we have enjoyed, and to realize our full potential so the business will continue to grow now and beyond my lifetime.”

In addition to serving as CEO of the Nicklaus Companies, Peter Rummell completes the executive structure of the NicklausMilstein Fund, where he will also serve as CEO. The NicklausMilstein Fund is designed to capture the real estate development and investment opportunities that arise from the Nicklaus golf course design business.

“Peter Rummell is uniquely qualified to lead the Nicklaus Companies and I applaud Jack’s decision to bring him on board as CEO,” said PGA TOUR Commissioner Tim Finchem. “I have had the pleasure of working with Peter on various projects and have always found him to be a true leader in every sense of the word. His experience building strategic partnerships and his leadership in the real estate industry for more than three decades will serve the Nicklaus Companies well.”

The Nicklaus Companies is the privately held company of Jack Nicklaus and the Nicklaus family. For close to 40 years, the mission of the Nicklaus Companies has been to enhance the golf experience, and to bring to the national and international consumer golf-related businesses, products and services that mirror the high standards established in the career and life of Jack Nicklaus.

These services include golf-course design, the development of golf and real estate communities, and the marketing and licensing of golf products and services.

Nicklaus Design is widely regarded as the world’s leading design firm with 333 courses open for play in 32 countries and 38 states. At least 60 Nicklaus Design courses have been ranked in various national or international Top-100 lists, and at least 87 Nicklaus courses have hosted a combined total of over 600 professional tournaments worldwide or significant national amateur championships. Nicklaus Design currently has more than 55 courses under construction and projects under development in 44 different countries.

Nicklaus / Nicklaus Design

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