The Nicklaus Cos. appointed Peter Rummell as c.e.o. Rummell, who previously led the real estate firm The St. Joe Co., will begin his duties in mid-August.
“Peter Rummell is a man who understands excellence, and has led organizations to excellence throughout his career,” says Jack Nicklaus, founder, chairman and c.e.o. of the Nicklaus Cos., which was created last June when New York Private Bank & Trust became a long-term partner with the Nicklaus family. “We are extremely fortunate to have Peter join our organization and at such an exciting time in the evolution of our company. A year ago, we found a like-minded partner in New York Private Bank & Trust to help us grow our brand and our branded businesses. The addition of Peter fits perfectly with our strategy to build on the success we have enjoyed, and to realize our full potential so the business will continue to grow now and beyond my lifetime.”
“When I retired as c.e.o. of The St. Joe Co., I had no intentions of ever taking another c.e.o. position,” Rummell explained. “But Jack’s opportunity represents a junction of golf, real estate and branding – all areas I am very familiar with – that is just too compelling.”
Rummell also will serve as c.e.o. of the NicklausMilstein Fund, an organization designed to capture the real estate development and investment opportunities that arise from the Nicklaus golf course design business.
