PGA of America has named ex-bank executive Seth Waugh to be their new CEO. With both business savvy and a passion for golf, Waugh said, “To have a chance to lead what should be the most impactful entity in the game was too big of a privilege to not do.” Waugh retired from Deutsche Bank in 2013, and last year he became managing director at Silver Lake, a technology investment firm. The PGA of America is one of the world’s largest sports organizations, with 29,000 participating professional golfers.