Acushnet president Uihlein announces retirement

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Peter Uihlein with father Wally at the 2013 DP World Tour Championship. (Getty Images)

Acushnet president and CEO Wally Uihlein has announced his retirement effective Jan. 1, 2018.

The announcement, which was made public on Monday, ends a 22-year reign for Uihlein as Acushnet's top golf executive. The company is known for manufacturing Titleist golf balls and clubs but it also includes FootJoy apparel and Scotty Cameron putters. Uihlein started with the compnay in 1976 and will remain on the board of directors as an advisor to Acushnet chairman Gene Yoon.

"We want to than Wally Uihlein for his 40-plus years with Acushnet and the terrific leadership he has provided during this time," Yoon said in a statement. "Acushnet will continue to benefit from his extensive knowledge and experience in areas such as strategic planning, acquisitions, player promotion and golf equipment regulatory matters."

Uihlein's son, Peter, won the U.S. Amateur in 2010 and earned a PGA Tour card for the first time with his win earlier this month at the Nationwide Children's Hospital Invitational.

Uihlein will be replaced as president and CEO by 49-year-old David Maher, who currently serves as the company's chief operating officer. Maher joined the company in 1991, serving as vice president of Titleist U.S. sales and senior vice president of Titleist worldwide sales and global operations before his most recent position as COO.