The Nicklaus Companies, owned by golf legend Jack Nicklaus, has restructured its management team.
Gary Nicklaus, one of Jack Nicklaus' four sons, has been appointed vice chair of the group, while Paul Stringer, who has spent the last six years expanding Nicklaus Design, will now oversee day-to-day operations of the golf course design firm in his position as executive vice president.
Stringer takes over for Tim Kenny, who will serve as executive vice president of The NicklausMilstein Fund. The Fund is designed to utilise development and investment opportunities that arise from the real estate and golf course design businesses.
The fund was created by Howard Milstein, chair and CEO of New York Private Bank & Trust, which partnered with the Nicklaus family to form Nicklaus Companies in June 2007.
"These personnel decisions further strengthen our management team and maximize the talent that exists within this company," said Nicklaus CEO John Reese.
"These moves are part of an exciting time for the Nicklaus organization. We continue to enhance our presence in Asia, essentially doubling our staff in China."
So far during 2009, Nicklaus Design has secured contracts for 22 new golf courses, including 16 projects spread across China, Korea and India.
