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Seth Waugh leaving as CEO of the PGA of America after 6 years

Seth Waugh is leaving the PGA of America after six years as CEO, a period marked by a sharp boost in golf participation and PGA membership and the move of its headquarters from Florida to a massive complex in Texas.

Waugh was the CEO of Deutsche Bank Americas when he joined the PGA of America board as an independent director and then was hired to lead the 30,000-plus members in 2018.

His contract was up for renewal on June 30, and Waugh decided not to renew.

"It feels like the right time, not only personally but professionally," Waugh said.