The European PGA Tour has announced that George O'Grady will replace Ken Schofield as executive director. The tour's committee voted for the 54-year-old unanimously. O'Grady, chief referee at the 1977 Ryder Cup and staging manager for the 1981 event, helped set up Tour Enterprises and has been a deputy director since 1989. Schofield, who has been at the helm since 1975, will retire at the end of 2004. Schofield has presided over a massive growth in the European Tour, whose prize money has increased from £427,917 in 1974 to £77,866,391 in 2003.