Mike Corbat, Bill Rhodes Join PGA TOUR Policy Board as Independent Directors

PONTE VEDRA BEACH, Fla. – The PGA TOUR Policy Board has announced the appointment of former Citigroup Chief Executive Officer Mike Corbat and AutoZone Executive Chairman Bill Rhodes as independent directors.

Strengthening Leadership and Governance

“We are thrilled to welcome Mike Corbat and Bill Rhodes to the PGA TOUR Policy Board during this important period in our organization’s history,” said Policy Board Chairman Joe Gorder. “As the PGA TOUR continues to evolve, our partnership with our players and commitment to fans remains unwavering. Mike and Bill will play critical roles in helping us further modernize TOUR governance while preserving the player-led focus that has defined our organization since 1968.”

The Policy Board is responsible for directing business strategies, setting corporate policies, defining financial objectives, and ensuring the TOUR’s financial success.

“In addition to their substantial professional accomplishments and exceptional leadership qualities, both of our new independent directors share a deep passion for golf and the future of the PGA TOUR,” added PGA TOUR Commissioner Jay Monahan.

About Mike Corbat

Corbat brings 38 years of experience in the financial services industry, having spent his entire career at Citigroup and its predecessors. He became CEO in 2012, leading the company until his retirement in 2021. Currently, he serves as a senior advisor and board member at 26North Partners, providing strategic insights across private equity, credit, and insurance ventures.

“As the business of sport continues to evolve, it is an exciting time to join the PGA TOUR Policy Board,” said Corbat. “As someone who loves the game and is a fan at heart, working with our players to better serve fans is an incredibly unique opportunity.”

Additional Background

• Held leadership roles across Citi’s global business operations, managing over 200,000 employees in more than 100 countries.

• Led Citi Holdings through post-2008 financial crisis recovery efforts.

• Former CEO of Citi’s Europe, Middle East, and Africa division.

• Co-owner of Jackson Hole Mountain Resort and a board member at Chubb.

• A Connecticut native and Harvard University graduate, where he was a first-team All-American and two-time All-Ivy League honoree in football.

About Bill Rhodes

Bill Rhodes is the Executive Chairman of AutoZone, where he has played a pivotal role in the company’s expansion and transformation. He joined AutoZone in 1994 and became CEO in 2005 at just 39 years old, making him the youngest Fortune 500 CEO at the time. Under his leadership, AutoZone became the largest automotive parts retailer in the Americas.

“I am honored to join the PGA TOUR Policy Board and serve alongside an esteemed group of directors so clearly invested in the organization’s future,” said Rhodes. “I am indebted to the game of golf for what it has given me—from relationships to life lessons—and I look forward to contributing to its future in this new role.”

Additional Background

• Led AutoZone to double its store count, triple revenues, and expand its presence across the U.S., Mexico, and Brazil.

• Grew AutoZone’s annual revenue to over $17 billion in fiscal year 2023.

• Serves on the Regions Financial Corporation Board of Directors and multiple civic boards.

• Earned a bachelor’s degree from the University of Tennessee-Martin and an MBA from the University of Memphis.

• Former UT-Martin golf team member; earned honorable mention All-America and Academic All-America honors.

• The UT-Martin on-campus golf facility, the Rhodes Golf Center, was named in honor of contributions from Rhodes and his wife, Amy.

With their extensive business expertise and passion for golf, Corbat and Rhodes are expected to provide valuable leadership as the PGA TOUR navigates its future.