Drive Shack, Inc. reported that CEO Hana Khouri left the company, and a search is underway for a successor. Mike Compton, a seasoned executive working closely with the executive team for the past six months, was appointed as interim CEO.
Khouri became Drive Shack’s CEO and president in 2019 after working as an executive at Topgolf.
Drive Shack Inc. Chairman Wes Edens said: “As we continue to build our leading golf-related leisure and entertainment venues, we are delighted to have Mike lead us through this transition with his wealth of investment management and operational experience. Looking ahead, we remain focused on expanding our footprint, with additional locations set to open this year, and offering premier experiences for our guests, and we are confident in our talented team to continue the success we’ve seen over the past few years.”
Compton has worked directly for Edens for the past seven years, managing investments and operations for companies across the hospitality, healthcare, sports, and entertainment industries.
The company also announced that Kelley Buchhorn stepped down as interim chief financial officer and has engaged with external finance and accounting professionals to assume Buchhorn’s responsibilities on an interim temporary basis. The company reported it would name a CFO as it completes its search for a permanent CEO.
Drive Shack also reported Khouri and Buchhorn’s departures were not the results of a disagreement regarding any matter relating to the company’s operations, financial statements, internal controls, auditors, policies, or practices.
Drive Shack’s portfolio includes American Golf, Drive Shack and Puttery. The company operates four Drive Shack venues in Orlando, FL; West Palm Beach, FL; Raleigh, NC; and Richmond, VA., in addition to five Puttery venues located in The Colony, TX; Charlotte, NC; Washington, D.C., Houston, TX; and Chicago, IL.
American Golf is one of the largest operators of golf properties in the U.S.
