Golf CEO resigns
After five years as Chief Executive Officer at Yarrawonga Mulwala Golf Club Resort, Richard Hogg is to move to Sydney.
“On 15 September 2018 it will be five years and as stated in my interview for the position, I believe that is long enough time for a CEO to complete the tasks set of him,” he formally advised club president Gil Cunningham on August 9. “The board now has strategies and plans in place to build on these developments and I believe it is time for me to move on and another manager be appointed to drive the business from here.”
Mr Hogg’s official last day of employment is October 10 but will be on annual leave from September 17 until that time. His last day in the office will therefore be Friday, September 14.
“It will be with great sadness that I am leav- ing,” the 59-year-old told the Yarrawonga Chronicle.
“I’m very proud of what this club has achieved. It’s been a team effort – staff and management – with direction from the board, all about a sustainable future. The club has good plans, structures and management.”
In his time, YMGCR has undertaken
major projects including a $2 million irrigation system, a cinema and lounge room, and bistro refurbishment.
In conjunction with Yarrawonga’s Black Bull Golf Club, it has hosted the prestigious, award winning Legends event, the Senior Victorian Open Championship for the past three years. The PGA-run event is to continue for the next three Februarys. The 60-plus professionals who play in the championships, including champion Peter Senior from Queensland, love the two courses.
Mr Hogg will submit his final CEO report for YMGCR’s Annual General Meeting on Thursday, October 25. It will state an operating loss for 2017/18 of $645,000 which is on top of the 2016/17 financial year’s loss of $305,000 due in no small measure to closure of much of the 45-hole golf course for six weeks because of spring rainfall and subsequent flooding, and some asset write-downs.
YMGCR’s 2017/18 report will also state a healthy trading profit in excess of $1.3 million.
A business needs to have challenges according to Mr Hogg. “Members here play safely and economically - we’re not expensive. We always try to keep subscriptions as low as possible.
“Club costs have been going up, we’ve had to find alternative revenue streams with the cinema, the lagoon area – club management should not stop looking for opportunities.
“The function room and bistro are going very well. It’s a matter of getting the right balance between physical and financial. It can be better. The business plan forecasts a modest profit next year.”
Mr Hogg will take up duty at the Bonnie Doon Golf Club in Sydney, a private 18-hole golf course. “I’m going because of the significant challenges there,” he said.
“I have enjoyed coming to work every day and predict a sound future for YMGCR. “It’s hard to find a better club.
“There are really good indicators. We’ve started the (financial) year very well. July and August have been good trading months. It’s the best July in years. Fourteen weddings are booked over the next 12 months.”
Mr Cunningham said that the departing CEO has been the “driving force behind several major projects, including the first luxury cinema at a golf club facility in Australia, provision of state-of-the-art machinery for the curation of our courses which are in superb condition and of course a refurbishment of our bistro”.
“The board is appreciative of Richard’s visionary endeavours and we wish him well in his next phase of employment.
”YMGCR has continued to trade profitably with this year’s trading profit quite healthy, as has been the case year after year.”
YMGCR’s CEO Richard Hogg moving to Sydney.