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Golf legend Jack Nicklaus to reduce his role at Nicklaus Companies

Jack Nicklaus has for decades been an influential figure in golf as a player, course designer and philanthropist, but he is taking a step back from the companies bearing his name.

Nicklaus announced Thursday that he will step away from his day-to-day duties at his Nicklaus Companies in order to spend more time with his family and charities.

"I have spent my life building the Nicklaus Companies, and there has come a time in my life when I need to reduce my level of involvement and pursue many other things I am very interested in, such as charity work — specifically efforts focused on children's healthcare — supporting the industry's initiatives to grow this great game, and being involved in many other things outside of my involvement in the Nicklaus Companies," Nicklaus said in a statement (via Golf.com).

Nicklaus has designed or co-designed more than 400 courses in 45 countries, including Muirfield Village, host of the PGA Tour's Memorial Tournament.

Howard Milstein, who became Nicklaus' partner in 2007, will now manage the business.

"Jack Nicklaus has basically spent a lifetime building a successful company and brand that is viewed as the strongest in golf, and we embrace the opportunity and responsibility to make certain this great brand — one that represents excellence — continues to grow in global prominence," Milstein said. "Everywhere you turn, Jack Nicklaus has left his imprint on the game of golf."



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