Jay Monahan has officially been appointed next commissioner of the PGA Tour.
Monahan was unanimously approved Monday during a meeting of the Tour's policy board at its headquarters in Ponte Vedra Beach, Fla. He takes over from Tim Finchem, who has served as the Tour's top official since June 1994 and will retire at the end of the year.
Monahan will take office on Jan. 1. He is the fourth commissioner in the Tour's 47-year history, joining Joe Dey (1969-1974), Deane Beman (1974-1994) and Finchem.
"I am greatly honored by the trust the policy board has shown in me to succeed Tim Finchem as commissioner," Monahan said in a release. "We are now entering a very important time in our organization’s history, and I know our executive team and I will draw upon and be inspired by the invaluable experience of working with Tim as we take advantage of the extraordinary opportunities, as well as face the challenges, that are ahead for the Tour.”
Monahan, 46, has been with the Tour since 2008. He was named deputy commissioner in April 2014 and added COO to his title earlier this year. Prior to his tenure in Ponte Vedra Beach, Monahan worked for Fenway Sports Group and IMG Worldwide.