ST. PETERSBURG, Fla. (AP) — WTA Tour chairman Steve Simon has informed the organization's board of directors he plans to retire in December, the women's tennis circuit announced Thursday.
Simon was tournament director of the BNP Paribas Open in Indian Wells, California, for 13 years before he was hired as chief executive of the WTA in 2015.
Under his watch, the women's circuit committed to a $400 million increase in player compensation over the next 10 years, created a foundation to elevate its social impact in communities around the world and entered a partnership with CVC Capital Partners to accelerate commercial growth and drive reinvestment in the sport.
Last year, the WTA restructured its leadership, with NBA G League executive Portia Archer taking over as CEO and Simon focusing on strategic development and governance as chairman.