LPGA Names Milthorpe as Chief Financial Officer

Senior LPGA Executive Rejoins the Team

LPGA Names 17-year LPGA veteran Milthorpe as Chief Financial Officer

DAYTONA BEACH, Fla., February 18, 2010 – LPGA Commissioner Michael Whan today announced that Kathryn Milthorpe, a former senior executive at the LPGA who most recently served as Managing Director, Public Affairs for the International Speedway Corporation (ISC), will become the LPGA Chief Financial Officer beginning March 1. Milthorpe previously worked 17 years for the LPGA, most recently as Executive Vice President and CFO.

“Kathy came very highly recommended not only by past Commissioners for whom she worked, but also by the existing LPGA senior management team with whom she has been serving as a consultant over the past several months,” said Whan. “Her energy and enthusiasm, unmatched institutional knowledge of the LPGA, experience in a variety of disciplines in golf and sports, and track record as a results-focused and creative leader all combine to make her an ideal addition to our team.”

In her current role as LPGA consultant, Milthorpe has worked on a number of projects including the recent agreement with the Golf Channel granting their 24-hour channel in Japan cable exclusivity through 2011 for the events comprising the LPGA Tour International Package.

“For 60 years, the LPGA has been the worldwide leader in developing and promoting women's professional golf,” Milthorpe said. “This is an incredibly exciting time for the LPGA, and I'm thrilled to join Mike Whan as he builds a leadership team and we embark on this new era to further grow the LPGA brand.”

Milthorpe brings more than 25 years of successful financial and business management experience to her post, including expertise in financial reporting and analysis, operations and business development, public affairs and strategic planning. For the past four years at ISC, which owns and/or operates 13 of the nation's major motorsports entertainment facilities (including Florida-based Daytona International Speedway) as well as MRN Radio, DAYTONA 500 Experience and Americrown, Milthorpe was responsible for managing and coordinating local, state and Federal legislative initiatives, certain business development projects and community outreach.

Milthorpe successfully managed ISC efforts to lobby Congress to pass critical Federal tax depreciation legislation essential to the motorsports' industry, and secured key governmental approvals for the development of the new world headquarters for ISC/NASCAR in Daytona Beach. Milthorpe also was responsible for leading efforts to explore the potential development of a motorsports facility in the Metro-Denver area and coordinating ISC's green strategy.

Milthorpe's career includes serving as Tournament Director for the Champions Tour Lexus Challenge Hosted by Raymond Floyd in La Quinta, California and as a Senior Auditor with the public accounting firm Pricewaterhouse Coopers in Houston, Texas. She is married to Michael Milthorpe, Tournament Director for the PGA TOUR's Bob Hope Classic, American Century Championship and ADT Golf Skills Challenge.

Milthorpe's hiring comes on the heels of several exciting 2010 LPGA business developments, including the addition of a new tournament this season, the Sybase Match Play Championship to be held in May. Last week, the LPGA and its partners secured Hana Bank Financial as title sponsor of an LPGA tournament for the next three years in Korea; signed Kia Motors America as title sponsor of its new event in southern California, now known as the Kia Classic Presented by J Golf; and added Jon Podany, a 15-year PGA TOUR sales and business development, to the LPGA leadership team as Chief Marketing Officer.

Topics: Press Release

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