FILE PHOTO: Augusta National Golf Club chairman Billy Payne speaks at a press conference during a practice round prior to the 2016 The Masters golf tournament at Augusta National Golf Club. Mandatory Credit: Michael Madrid-USA TODAY Sports / Reuters
(Reuters) - Billy Payne, the man who opened the doors of Augusta National to women members, announced on Wednesday he would retire as chairman of one of the world's most exclusive golf clubs and home of the U.S. Masters.
Payne, who took over from Hootie Johnson in May 2006 and served as chairman for 11 years, will step down on Oct. 16.
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