DALLAS, April 12, 2017 – ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) – today announced that Eric Affeldt intends to retire from his role as Chief Executive Officer upon the appointment of his successor.
As part of its regular CEO succession planning process, the Board has identified a strong internal candidate and will engage a leading executive search firm to identify additional, highly qualified, external candidates.
“The Board extends its deep appreciation to Eric for his outstanding leadership over the past 11 years,” said John Beckert, Chairman of the Board. “His expertise and strategic leadership have been instrumental in strengthening the Company. We look forward to Eric’s continued leadership as we conduct our CEO search and execute a seamless leadership transition.”
Affeldt, who joined ClubCorp as President and CEO in late 2006, has led the Company through the best 10 years of its 60 year history, in terms of financial performance. In addition, he oversaw the investment of more than $720 million in ClubCorp properties, enhancing the value and experience for ClubCorp’s members and guests. Finally, he helped lead the Company’s 2013 initial public stock offering and has been a major driver in the reinvention of the modern club management industry.
Affeldt commented, “It has been a tremendous privilege to help lead The World Leader in Private Clubs®. We have achieved so much since our IPO in 2013, and have set the industry bar for reinventions within the modern club management sector. I am so proud of our 20,000 Employee Partners and the outstanding service they provide to all our members and guests.”
About ClubCorp (NYSE: MYCC)
Since its founding in 1957, Dallas-based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives®. ClubCorp is a leading owner-operator of private golf and country clubs and private business clubs in North America. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 27 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings, Inc. is a publicly traded company on the New York Stock Exchange (NYSE:MYCC). ClubCorp properties include: Firestone Country Club (Akron, Ohio); Mission Hills Country Club (Rancho Mirage, California); The Woodlands Country Club (The Woodlands, Texas); Capital Club Beijing; and Metropolitan Club Chicago. You can find ClubCorp on Facebook at facebook.com/clubcorp and on Twitter at @ClubCorp.
