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17/04/2008
PSA NEWS
PSA Appoints Herrick As Honorary Life Member
Jack Herrick Announces His
Retirement (full Story)
PSA
Appoints Herrick As Honorary Life Member
The
Professional Squash Association has named former Chairman Jack Herrick
as an Honorary Life Member of the PSA to mark his distinguished service
as a Board member for the past 14 years.
The Association's longest-serving Board member announced his retirement this
week. Herrick, a businessman and attorney from
Cleveland,
USA, was a principal architect of the amalgamation of the former World
Professional Squash Association (WPSA) and International Squash
Players Association (ISPA) into the PSA in 1993.
The
former Chairman of the WPSA was elected as Chairman of the new Association in
1994 and served the PSA in that role until succeeded by Mark Chaloner at
the beginning of this year.
The PSA achieved unprecedented growth under Herrick's chairmanship. With annual
prize money ranging from $1,230,000 to $1,660,000 throughout the 90s and into
the new decade, the PSA achieved $3,135,000 in prize money in 2007 - a 28%
increase over the previous year. The Association has recorded double digit
growth annually for the past four years.
Furthermore, the PSA now has more members than ever before, and the number of
tournaments on the PSA calendar has more than doubled to an all-time high.
"Being new to the boardroom in 2002, I found Jack's guidance and knowledge of
the governance of our association an invaluable learning experience," said
Alex Gough, the PSA President. "PSA has been extremely fortunate to have
had his input for an incredible length of time - and his leadership has seen us
through some rocky times.
"Jack is retiring with the satisfaction of leaving the Tour in a very healthy
state. It is up to the rest of us on the board to continue on with his hard
work," added the Welshman, a former world No5.
"Good luck to whoever is going to fill his shoes …… it's one hell of an act to
follow!"
Jack Herrick Announces His
Retirement from PSA
Jack Herrick, Chairman of the Board of the Professional Squash Association for
the last 14 years, has announced his retirement from the Board of the
PSA.
"I must say I never planned nor anticipated staying with the PSA for 14 years,
but now the time for retirement feels right."
Having served as Chairman of the Board of the World Professional Squash
Association in its last five years of existence, Herrick was a principal
architect of the amalgamation of the WPSA and International Squash Players
Association into the PSA on January 1, 1993. When that deal was completed,
Herrick was not on the initial Board of the PSA. However, the newly formed PSA
had a rough start and lost more than 75% of its money in the first year and
two-thirds of operation. In the middle of 1994 the PSA requested that Herrick
come back. After considering the challenge, he agreed and was elected Chairman
of the Board in Barcelona that September.
A businessman and attorney from Cleveland, USA, Herrick’s first order of
business in leading the Board was to shore up the finances so that the PSA could
operate without the threat of insolvency. That task took up the better part of
the next few years, but eventually the PSA’s financial position became solid
enough to allow it to devote time, energy and resources to expand its circuit.
Today, the PSA is worth more than seven times what it was when Herrick was
elected to his post.
But what gives Herrick even greater satisfaction is the unprecedented growth of
the PSA and its circuit. "What our player-members look at first and foremost is
the amount of prize money on the world circuit. From the inception in 1993 and
for the next 10 years, worldwide prize money was relatively flat, ranging from
$1,230,000 to $1,660,000 with no particular pattern. But with the stabilization
and then steady increase in its finances, the PSA was able to invest in its
future and its level of prize money began to climb. In 2007, the PSA did
$3,135,000 in prize money, up 28% over 2006 and 110% over 2003, impressive
results for any business organization. Strong double digit growth has occurred
now for each of the last four years. Our bookings for 2008 suggest that this
strong growth pattern will continue. As an ancillary item, the number of
tournaments on the PSA calendar has more than doubled to an all-time high, and
we have more PSA members than ever. Momentum is definitely on the side of the
PSA."
Robert Edwards, a former Board member of the PSA, reflected on Herrick’s
presence. "He brought something to the Boardroom not normally seen – experience
as a businessman and attorney in addition to experience as a squash
administrator, and no conflicts of interest, no baggage. Rarely does one have
the good fortune to meet a man with the qualities of Jack Herrick. In my case I
consider myself doubly blessed because not only did we meet and become life-long
friends but I also had the pleasure of working for many years under his
Chairmanship – both as a Board member of PSA and also as the PSA World Tour
Technical Director. Jack is one of only three men in my life that I have had
total respect for. He has been a friend – a confidante and a mentor not only to
myself but to many other involved in the mighty game of squash.
Edwards added that Herrick is very unassuming: "Jack never talks about himself
or his achievements - leaders seldom do. I only recently found out he’d won the
1983 International Masters Championship in his age group, becoming the first
American to win a world squash title. Or that the 1983 US Squash Team, which he
coached and managed, achieved its highest finish ever, 7th place, in
the 1983 World Team Championships. To which he responded to me, 'I can’t wait
for that record to be broken. 7th place is no big deal, first place
is'.
"I am saddened at his retirement, but I will continue to enjoy his friendship.
Squash will be losing a major friend and benefactor – they don’t come much
better than John F. Herrick," Edwards concluded.
As Board Chairman, Herrick has served every Chief Executive of the
PSA,
namely Roger Eady, John Nimick and Gawain Briars. "Each had his own business
style, each was totally committed to the PSA and each was innovative and
effective in advancing the significance of the PSA on the world stage of sport,"
stated Herrick. "To coin a phrase, each would have jumped in front of a truck
to protect the PSA from harm, and each left the PSA with much more world sport
presence than when he found it. Finally, each was very adept in safeguarding
the interests of our member-players, while at the same time balancing the
interests of our promoters, including many of the National Federations of the
World Squash Federation. We must always keep in mind it is the promoters, their
sponsors and our PSA partners who are providing serious financial wherewithal to
take the game to a higher level.
"To all the 22 Directors of the PSA over the last 14 years who entrusted me to
lead the organization as its Chairman of the Board, and to the PSA itself, I bid
you a fond farewell," concluded Herrick.
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