Web Street Golf Daily Pulse
VOLUME 6, NUMBER 208
Monday, October 24, 2016
ANY IDEA WHO SAID THIS? “I have the confidence. It's not like I need additional confidence. But I need validation now. I need validation in terms of my game. I need to see that happen. It's just not happened enough, and it's been a year of near misses so far. I mean, it's a good problem to have I guess, but it's something that I want to change obviously the rest of this season on the PGA TOUR. Not the way I would like to play on a Sunday, not at all.”
BRAIN TEASER: Padraig Harrington won the Portugal Masters on Sunday. Can you name his last European Tour victory?
HAIL TO THE CHIEF: After a distinguished 45-year career that saw him advance from assistant to the production manager all the way to PING’s President and Chief Operating Officer, Doug Hawken has announced his retirement today, effective January 31, 2017. He will remain on the PING Board of Directors.
“I speak for the entire Solheim and PING families when I say how extremely grateful we are for the impact Doug has had on the company in the last 45 years,” said John Solheim, PING Chairman & CEO. “His accomplishments are too long to list, but we all agree his leadership and contributions are evident company wide. He’s led countless efforts and initiatives to help build PING into the industry-leading company we are today. He has a way of connecting with our employees at every level, mentoring and challenging them while still being a friend. His strong relationships throughout the industry, including with our accounts, media and vendors, have earned him great respect in every facet of our business.
“His retirement signals a transition that’s been in the works for some time,” Solheim added. “We’ve been preparing the third generation of the Solheim family to assume executive management roles for the last few years. Under my guidance, that process now moves forward. Our team is stronger and more collaborative than it’s ever been. I look forward to leading the next generation of executive management at PING.”
Hawken’s passion for quality manufacturing set him on a path that included overseeing various departments within the club production and assembly areas, eventually earning the title of Production Manager. Under his leadership, the company transitioned to lean manufacturing, which played a significant role in PING becoming the first and only U.S.-based golf equipment company to achieve ISO certification – a globally-recognized quality management system dependent on continuous improvement throughout an organization. He’s also been instrumental in evolving the company’s supply chain management strategy at a time when the industry experienced significant challenges to sourcing and manufacturing processes. In 1994, Hawken’s role was expanded to oversee the marketing efforts, leading to the development of an account visitation program that brought thousands of club fitters to PING headquarters for advanced education on PING’s product development and custom-fitting processes.
“When I first showed up at PING in 1971 after graduating from Arizona State University, I was like most 22-year-olds at the time, unsure of my future but needing a job,” said Hawken, a native of Rialto, California, who was appointed President and COO by the company’s board in 1999. “I was blessed that Allan Solheim offered me a job. I’ll never forget what he wrote on my application: ‘This guy has potential.’ It turned into a 45-year journey that allowed me to work and share leadership responsibilities with Karsten and John Solheim, who empowered me to become more visible throughout the company and within the industry. I’m grateful to them and their family for the opportunities they provided me and I’m honored to continue to serve on PING’s Board of Directors. We’re in the business of creating and sustaining meaningful jobs. We accomplish this by designing and manufacturing the best golf equipment in the world. It’s an innovative approach that I’m passionate about and one I’ll endorse over any other. I’m proud to be associated with a company that puts the well being of its employees and their families above all else. I’ll miss the daily interaction and the challenges that come with leadership, but mostly I’ll miss the friendships I’ve enjoyed with the thousands of employees over the years. I now look forward to spending more time with my wife Susan, our children and grandchildren.”
IN GOLF WE TRUST: Dick's Sporting Goods Inc (DKS.N), teamed up with liquidators, won a bankruptcy auction on Friday for the U.S. business of Golfsmith International Holdings Inc [GOFTWG.UL] with a bid of about $70 million, according to people familiar with the matter. Dick's plans to keep open at least 30 Golfsmith stores and wind down the rest with liquidators from Hilco Global and Tiger Capital Group, the people said. It plans to keep about 500 of the company's employees. Golfsmith had 109 stores in the United States at the time of its bankruptcy filing last month, and has been closing stores since then. READ MORE>>>
YOU CAN RING MY BELL: Representatives of Acushnet Holdings Corp., including long-time employees at Titleist golf ball plants in New Bedford, will ring the opening bell at the New York Stock Exchange (NYSE) when the Fairhaven-based company begins public trading.
A source close to Acushnet Holdings said Friday that the NYSE has "reserved the opening bell" for the company on the day it begins public trading. Two of the longest-tenured Acushnet Holdings employees, each of whom have worked for the company for about 40 years, will join Acushnet Co. CEO Wally Uihlein in the ceremony to ring the NYSE bell. The celebration also will include significant displays of Acushnet Co. brands, including Titleist and FootJoy. READ MORE>>>
WINNERS’ CLUBS: Trailing by four strokes beginning the final round, Justin Thomas birdied six of his first 10 holes en route to a bogey free, 8-under 64 to successfully defend his CIMB Classic title by three strokes over Hideki Matsuyama and claim his second career PGA TOUR victory in his 71st TOUR start. Thomas made a total of 29 birdies this week. The PGA TOUR all-time record for birdies in a 72-hole event is 32, set by Mark Calcavecchia (2001 Waste Management Phoenix Open) and Paul Gow (2001 B.C. Open).
A resident of Jupiter, Fla., Thomas has pledged $250 per birdie in his first three events of the 2016-17 PGA TOUR Season to Convoy of Hope, a disaster-response, non-profit organization providing aid to those impacted by Hurricane Matthew, which brought devastation to Haiti, the Bahamas and the southeastern United States. Through his first two events, Thomas has made 51 birdies and one eagle, totaling $13,000 in donations. “It's great to win again here. It's obviously a place I'm very comfortable with and I think a lot of that is because of just everything that goes on here,” said Thomas. “This is by far my favorite place I've been out of the country or that we go to out of the country. It's definitely worth the 24- or 25-hour travel day that it was to get here.” Here is what Justin Thomas used to win the 2016 CIMB Classic:
Driver: Titleist 917D3 (9.5*) driver with a Mitsubishi Diamana White 73X shaft
Fairway Metal: Titleist 917F3 (15.0*) fairway metal with a Mitsubishi Diamana Blue 80 TX shaft
Irons: Titleist 712U 2-iron and 716 MB (4-9) with True Temper Dynamic Gold X100 shafts
Wedges: Vokey Design SM6 pitching (46) wedge with True Temper Dynamic Gold X100, Vokey Design SM6 gap (52), sand (56) and lob (60) wedges with True Temper Dynamic Gold S400 shafts
Putter: Scotty Cameron X5 putter
Golf Ball: Titleist Pro V1x
Shoes: FJ ICON MyJoys
Glove: FJ Pure Touch
Justin Thomas’– Numbers for the week:
Double Bogeys: 1
Cumulative Score: 265
PADDY GETS THE JOB DONE: Padraig Harrington claimed his first European Tour title in eight years as he held off the challenge of defending champion Andy Sullivan at the Portugal Masters. The three-time Major Championship winner's last triumph on Tour was his 2008 win at the US PGA Championship and he showed all his experience under pressure in a closing bogey-free 65 to get to 23 under. READ MORE>>>
ANSWERS: “I have the confidence. It's not like I need additional confidence. But I need validation now. I need validation in terms of my game. I need to see that happen. It's just not happened enough, and it's been a year of near misses so far. I mean, it's a good problem to have I guess, but it's something that I want to change obviously the rest of this season on the PGA TOUR. Not the way I would like to play on a Sunday, not at all.”--India’s Anirban Lahiri, who began the final round of the CIMB Classic with a four-stroke lead at 19-under par. After opening with a pair of pars, Lahiri took a quadruple-bogey-9 at the third hole. He followed that with a birdie and an eagle at the par-4 fourth and par-5 fifth holes, respectively. Lahiri would post an even-par 72 and settle for a share of third place at 19-under.
Padraig Harrington won his 15th European Tour International Schedule victory in his 393rd official European Tour event at the 2016 Portugal Masters. It is his first regular victory on the European Tour since the 2007 Irish Open. It is his first European Tour victory since passing 40 and his 30th win as a professional worldwide.
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