Scottsdale, Arizona, United States: Troon founder Dana Garmany is to step down as Chief Executive Officer of the management company on March 31, 2019.
Garmany confirmed his official retirement date at the unveiling of the renovated Pinnacle Course at the company’s flagship Troon North Country Club in Arizona.
According to a report in Golf Business News, current President Tim Schantz will succeed Garmany as CEO, part of a transition strategy that has been in place for some time.
A qualified lawyer, Schantz joined Troon in 1998 and boasts more than 25 years’ experience specialising in corporate and real estate transactions, and has been a key player in Troon’s rapid expansion during the past 15 years.
Garmany, who previously stepped down as CEO in 2009, only to return a year later, will remain as Chairman of the Board of the company he founded in 1990, and will focus on long-term strategic goals and big-picture issues across the golf industry.
He said day-to-day operations ‘will continue as usual’ at the world’s largest golf management company, which has more than 270 courses in its portfolio.
Under Garmany, Troon has expanded its reach not only by adding management and lease contracts, but through acquisitions. It purchased Honours Golf and its portfolio of 16 courses in 2014, and CaddieMaster, a provider of caddie services, in 2015.
More recently, Troon closed a deal to buy Cliff Drysdale Management, the largest tennis club management firm in the United States. Through those entities and its Troon Privé and Troon International subsidiaries, the company now operates in 330 locations around the globe.
In 2017, Leonard Green & Partners, a Los Angeles-based private equity firm, acquired majority ownership in Troon from Kohlberg & Co.
Troon is an Executive Member of the Asian Golf Industry Federation.