ClubCorp has 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.
“It has been a tremendous privilege to help lead The World Leader in Private Clubs,” Affeldt said. “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.”