Seth Waugh, Deutsche Bank’s departing CEO, may have just performed his ambassadorial duties at the PGA Tour’s Boston-area stop for the final time, but that doesn’t mean he’s soon to exit the spotlight completely.
According to a report in Golf World, Waugh could potentially replace Tim Finchem as PGA Tour commissioner when his contract expires in four years.
“The commissioner thing is an uncomfortable thing to bring up,” Waugh said, according to the report. “Tim likes his job, right? Lots of folks have asked me about it, a lot of people behind the scenes are talking about it. Let’s see how it all plays out.”
Finchem’s contract expires in 2016. According to the Golf World report, Waugh, 54, is committed to spending more time at home in Florida, where his son, Clancy, is a senior at The Benjamin School in Palm Beach Gardens, Fla. He will begin his college golf career at Wake Forest in fall 2013.
Last week, the PGA Tour announced a four-year sponsorship extension with Deutsche Bank, through 2016, and Finchem and Waugh have been friends for more than a decade.
Waugh announced earlier this year that he was stepping down as Deutsche Bank CEO, but agreed to stay on until a successor was named.
“My heart will always be with it,” Waugh said, according to a report in the Boston Globe. “If the bank would like me to stay involved in some way, then I’m very happy to do it. But if someone else at the bank wants to take the ownership that I’ve had for 10 years, then I’m very happy to pass that on.”