The average retirement age in the United States is 62 years. By that measure, the PGA Tour’s Jay Madara is eight under par. Madara, the Tour’s executive vice president and chief financial officer, has decided to retire effective March 31. He is 54 years old.
“Jay has been an instrumental leader during a period of significant change for the PGA Tour, and his financial stewardship has helped position our organization for long-term growth,” CEO Brian Rolapp said in a written statement from the Tour on Friday. “We are grateful for his contributions and service and wish him and his family the very best in their retirement.”
Madara joined the PGA Tour in 2021 and served as Executive Vice President and Chief Financial Officer during a period of significant change in professional golf. In that role, he oversaw the organization’s financial activities, including budgeting, reporting and long-term planning for the Tour’s competitive and commercial activities.
He also played a central role in shaping some of the Tour’s most consequential recent initiatives. One of these was the creation of the Tour’s Player Equity program, which assigned ownership stakes to leading players as part of an effort to strengthen long-term alignment between athletes and the organization.
Madara was also involved in the creation of PGA Tour Enterprises, the commercial arm of the Tour, and in securing external investment from the Strategic Sports Group. The deal brought a consortium of U.S. sports owners and investors into the Tour’s operations at a crucial time, providing new capital as the organization responded to competitive pressure from the Saudi-backed LIV Golf League.
According to the PGA Tour’s most recent publicly available tax returns, Madara earned just over $2 million in total compensation in 2024.
Before joining the PGA Tour, Madara held senior financial positions in the corporate world.
The PGA Tour said a successor has not yet been named. It has tapped Korn Ferry, the global consultancy that sponsors the Tour’s development circuit, to lead the search for Madara’s replacement.
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