The WSL gets a new CEO

LOS ANGELES, California/USA (Wednesday, July 19, 2017) - The World Surf League (WSL) today announced the appointment of Sophie Goldschmidt as the next CEO of the organization. Goldschmidt will officially take over from interim CEO Dirk Ziff in August.
 
Dirk Ziff, interim CEO and Board member said, “It has been my privilege to serve as interim CEO of the World Surf League during such an exciting and transformational time. It has always been my mission to hand over the reins to a leader who will take us to the next level. Sophie is exactly what the League needs – her experience, strong leadership and winning and inclusive management style will further elevate the League and grow engagement among fans around the world.”


 
Relocating from London, Goldschmidt joins WSL from CSM Sport and Entertainment where she served as Group Managing Director and was responsible for developing and driving new business initiatives and commercial growth across the company’s global operations, in addition to managing the group’s brand development and marketing. Passionate about surfing, she has strong relationships and international experience working across global markets in both sports management and marketing and communications having held executive roles in the Rugby Football Union, National Basketball Association (NBA), Women’s Tennis Association (WTA), and Adidas.
 
“It is an honor to lead the WSL. The League has experienced tremendous growth in recent years and has pioneered incredible innovations to transform surfing into a remarkable, digital-first and world-class sport that naturally also transcends into the lifestyle sector so well,” said Goldschmidt. “I am confident the future holds incredible potential and I am excited to lead WSL into its next phase of growth.”
 
Goldschmidt is extremely well positioned to drive all aspects of the League’s development. As Chief Commercial and Marketing Officer of the Rugby Football Union, Goldschmidt was responsible for all of the union’s revenue-generating areas and commercial programs in addition to its marketing and digital communications. In her time at the NBA as the Senior Vice President and Managing Director of EMEA, Goldschmidt helped to spearhead the NBA’s global expansion of its brand. Prior to the NBA, Goldschmidt served as a Vice President where she oversaw all sponsorship sales and marketing for the WTA and played a crucial role in negotiating a groundbreaking deal for a Title Sponsor that was the largest sponsorship in the history of women’s sports. She began her career at Adidas where she served as the Tennis and Women’s Soccer Sports Marketing Manager in the U.S.
 
Andrew Wilson, Chairman of the WSL Board and CEO of Electronic Arts, also welcomed Goldschmidt’s appointment, stating “Sophie is a great choice for the WSL. She is not only an outstanding leader, she is the perfect cultural fit and will bring both expertise and originality to this rapidly changing sport as it grows in wider appeal across the globe. I look forward to working with her as she leads the League at this important time in our history.”
 
In her role as CEO, Goldschmidt will focus on leveraging the once-in-a-generation opportunity to evolve the landscape of competitive surfing around the world with the Kelly Slater Wave Company and its groundbreaking technology, in addition to the inclusion of surfing in the Tokyo 2020 Olympic Games. Goldschmidt has also outlined commitment to athletes and fan experience and further globalization as key pillars for the WSL going forward. She intends to advance various athlete development programs to build authentic interest in the sport in addition to tailoring fan experiences to be as immersive as possible through new formats, live content and other media.
 
Commenting on Goldschmidt’s appointment, NBA Commissioner Adam Silver said “Sophie is a wonderful executive with an incredible breadth of experience and relationships across a variety of markets and sports organizations. Having worked with her firsthand, I know she will be a great leader for the WSL and will bring unmatched innovation, passion, and vision to the role.”
 
Goldschmidt’s appointment marks an important inflection point for the sport of surfing and global sport organizations. With this role, she becomes one of the few female executives to lead a global sports league for both male and female professional athletes. Goldschmidt was also previously named one ofSports Business Journal’s Forty under Forty and currently serves as a non-executive director for the PGA European Tour. 

Comments

Boomingbells's picture
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Boomingbells Thursday, 20 Jul 2017 at 11:59am

Hmm the resume is large. Goodluck!

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tonybarber Thursday, 20 Jul 2017 at 2:38pm

Resume is huge. If she can get the womens league going then she really has a blank canvas to work with. As she said the media attraction is important. But she has Slater, JJF and the others plus the women who are really surfing well. With the big wave events, you would think this would be perfect for getting media attraction. Interesting appointment, now does she know her market.

freerider.'s picture
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freerider. Thursday, 20 Jul 2017 at 5:37pm

Know her market?? Maybe that's the whole problem. Is their a market?? Paul speaker tried for 3 years with no real success. How much of the general public can even relate to surfing as more than a novelty--many have never even been to the beach or even held a surfboard. Without the mainstream draw--who are they gonna advertise to--a bunch of broke surfers. Maybe surfing was just never meant to be a competitive pursuit.....

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freerider. Thursday, 20 Jul 2017 at 5:19pm

Well, tennis is well liked by the wealthy and upwardly mobile who drive Mercedes and Porches and that have disposable income. Will advertisers really want to throw their money at a bunch of surfers saving all their pennies for their next surf trip--who are living in vans--and who are working at average jobs just so they can have more time to surf? Only time will tell--but it may not be a smart business move

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buttplug Thursday, 20 Jul 2017 at 5:31pm

Please don't go into China!

crg's picture
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crg Thursday, 20 Jul 2017 at 8:28pm

F*ck I hate the word leverage...as soon as I hear the word fall from someone's mouth I hate them and never believe another word they say..

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Horas Thursday, 20 Jul 2017 at 9:05pm

......further globalization.........oh dear

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ringmaster Thursday, 20 Jul 2017 at 10:15pm

Look.......if there's one thing we all agree on it's that we need more people surfing yeah??? So Sophie, can you and the WSL please be sure to grow the FUCK out of surfing for the 'good' of the 'sport' and enrich all of our lives at the same time!

freerider.'s picture
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freerider. Friday, 21 Jul 2017 at 2:45pm

it seems Stu and blind boy have nothing negative to say about the WSL. I think maybe they have been converted to the dark side.

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freerider. Friday, 21 Jul 2017 at 5:50pm

And while we are on the subject-- what do you think this young lady is going to be making a year? 50, 70, 100 Grand? There is no way the old ASP could have thrown around money like this. Let's just be brutally realistic--without Dirk and Natasha's millions-- the new WSL would most likely be Dead in the Water righ now.....

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terrance Friday, 21 Jul 2017 at 9:35pm

gezzz freerider, how much of a povo are you? Get into the real world, champ. US$100k? A CEO of a global association with worldwide (pissant) media exposure?

If the young lady is earning less than US$350k for the CEO role, she needs better guidance.

Next, you'll be writing long-winded rubbish tin-foil hat about Donald Trump and the end of the world like the other nutbags on here?

US$100k? still laughing...

freerider.'s picture
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freerider. Saturday, 22 Jul 2017 at 2:05am

Terrence, thank you for the update and a more realistic figureI. I actually thought around 200 or 250 thousand might have been closer to the mark as my first guess. 350,000? very possible. Since you seem pretty good with figures, maybe you could give us an estimate of what you think the WSL is making from advertising dollars right now and how they can afford to pay this girl a salary like that?

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thermalben Saturday, 22 Jul 2017 at 6:54am

How the WSL can afford to pay that kind of salary has been well documented elsewhere, as have the likely advertising revenue streams (yes, it's still extremely likely that the WSL is running at a significant loss).

However, the WSL would simply be paying commercial rates for a CEO; there's no conspiracy theory there - you ain't going to find someone cheap for that kind of position and responsibility.

As for the lack of commentary around Sophie's appointment, TBH there's not much to say as there's not a lot of information other than that we've gleaned from the press release and Sophie's resume.

This time around there's very little to speculate about - compared to Paul Speaker, who had background as an NFL and Quiksilver executive - and whose appointment was at a time was when the WSL (and professional surfing) was undergoing a massive transformation. So, she's really just picking up the baton and continuing with the business plan. 

Sophie's resume is very impressive, and I am stoked that the WSL have a woman running the business - I reckon we should have more women in these kinds of positions. 

For the "sport" (as a "profession"), Sophie's appointment also stands a greater chance to bring about some structrual change to the way professional surfing is run, instead of replacing Paul with another like-minded bloke.

Personally, I am not sure whether Sophie's (apparent) lack of surfing experience will be detrimental or not - it's more common these days for sport CEOs to not be from the sport, so to speak, so in theory it really shouldn't be a problem. But we'll have to wait and see how/if she tries to engage the core surfing community first. Experience from other sports would suggest this is a non-issue, but then again surfing ain't like other sports. 

Anyway, of all of the likely options for the job, I reckon the WSL have chosen extremely well. I'm looking forward to seeing what happens.

terrance's picture
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terrance Saturday, 22 Jul 2017 at 9:20am

freerider, I don't really care about the WSL revenue streams or costs, that's their concern, primarily now the new CEO. Let's leave that to them.

Like any organisation/company, if the WSL is no longer financially viable, it will not survive. No biggie, the world will go, the sun will rise the following day, and hopefully the waves will be pumping as well.

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Phil Jarratt Saturday, 22 Jul 2017 at 7:55am

Well, she wrote a very nice, personalised form letter to all of us 37 or so tired old warriors of the surf media, sort of a de facto apology for the long cone of silence, so that's a good start. As far as the longwinded press release goes, the key phrases are "passionate about surfing" , "revenue generation" and "groundbreaking deal". There's no evidence of the former so let's hope she's a genius at the latter. Anyway, good on the WSL for having a shot at gender equality in a pretty blokey world.

stunet's picture
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stunet Saturday, 22 Jul 2017 at 9:35am

I didn't get one of those letters, and nor did anyone at Swellnet.

Evidently still pissed about articles written in 2014.

Wonder if I'm still banned from WSL events?

zenagain's picture
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zenagain Saturday, 22 Jul 2017 at 9:50am

Probably, but that would have more to do with you wearing that lampshade and your missing pants than the articles you wrote.

memlasurf's picture
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memlasurf Sunday, 23 Jul 2017 at 8:59am

Interested to see the numbers after JBay. It does not get any better than.

Blowin's picture
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Blowin Saturday, 22 Jul 2017 at 9:01am

I took the most onerous phrase to be -

" She intends to advance various athlete development programs to build authentic interest in the sport."

This sounds like injecting steroids into the Astro turfing *of the sports base in China and India etc.

WSL just wants to grow the Stoke of surfing ! Stoke of surfing in this instance being a euphemism for a consumer base of course.

*Sorry about the mixed metaphor .

zenagain's picture
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zenagain Saturday, 22 Jul 2017 at 9:25am

Or, she might do a Marissa Mayer and take an already declining business, fail to arrest that negative growth, sell off it's most valuable assets, create an almost irreparable toxic work atmosphere and leave with a massive golden parachute that would make Kelly Slater look poor.

Or, none of the above.

thermalben's picture
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thermalben Saturday, 22 Jul 2017 at 9:30am

Good analogy, however the difference here is that Yahoo! is publicly owned, whilst the WSL is privately owned. And, Yahoo! was once a very successful but now declining company, whilst the WSL is kinda starting from the ground up (I think we can negate the ASP's business history in this regard).

zenagain's picture
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zenagain Saturday, 22 Jul 2017 at 9:40am

All true, but whether it's publicly or privately owned is irrelevant imo.

Dirk Ziff didn't become a squillionaire by writing open-ended cheques.

Edit: Having said that, I wish her the best in, lets face it, a pretty blokey world. I hope she succeeds, I for one have enjoyed the new 'era' of pro surfing and what the WSL have brought to it.

terrance's picture
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terrance Saturday, 22 Jul 2017 at 9:01pm

zenagain, what assets? the WSL is at best a flee-ridden regional circus without the livestock you could sell at the the weekly saleyards. Sell the big tent and the fairyfloss machine, after that, there ain't anything left, never has been (from the IPS/ASL days...).

zenagain's picture
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zenagain Saturday, 22 Jul 2017 at 10:20pm

They'd get a few bucks for the WSL desk and they could probably get a grand for the company Corolla once it's paid off.

terrance's picture
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terrance Saturday, 22 Jul 2017 at 10:45pm

zenagain, apologies, I stand corrected, I'll do another WSL EOFY stock take and get back to you... with a WSL EOFY stock take sale ("all WSL items must go... 'one slightly damage 11 time WSL world champion was $US1m, now just US$275k, ...brazillians, we've got brazillians coming out of our amazons, buy one, get one free...")

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PCS PeterPan Saturday, 22 Jul 2017 at 9:32am

Goodluck to Sophie , hope she can pull WSL out of its current situation and convince every
punter within 150 k's of any coastline to try this surfing "thingy".Mabey we can waveshare!

I know I got "well positioned" in a few kegs about an hour ago.

freerider.'s picture
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freerider. Saturday, 22 Jul 2017 at 11:21am

Well--you guys have probably gleaned by now--I'm not a fan of pro surfing . The Wsl has been trying for about 3 years now to get things off the ground. If you look at the WSL website--there appears to be only one advertiser--Jeep. Samsung who 'was' the title sponsor--was reported to be paying about 3 mil a year before they bailed. Target was on board for awhile and bailed also. I'm guessing Jeep is only paying what--a mil. a year?-- for their ads (I have no idea really). I believe it takes about 30 mil a year to run the WSL (a fact I I think I got here on Swellnet. Like I said--if it wasn't for Dirk and Natasha literally throwing millions at the WSL--it would probably would have hit the reef by now...

tonybarber's picture
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tonybarber Saturday, 22 Jul 2017 at 12:15pm

FR, yes what you are highlighting is the reason why a new CEO is needed. Yes, there is a market - by definition. If not and she as good as her resume makes out then she should be to create 'a market'. If you look at the basic elements she has to work with - 11 times world champ, several new up and coming players to take the mantle, sport now being active in most countries with a shoreline, financial backing, many aspects of the sport - big wave surfing, aerial surfing, tube riding, better camera coverage. So really she has a blank canvas with a basic structure which seems to work.
Just hope they chose her because of her abilities and not because she is female.
Cant believe Swellnet would be isolated because of some past article by SWN - crazy.

Herc's picture
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Herc Saturday, 22 Jul 2017 at 12:55pm

As she alludes to, the woman's market is the big, untapped surfing market. So many more revenue avenues. Especially around the pool. Obviously she is a gun for hire. Perform. Beads of sweat. Nothing personal. Tissues.

freerider.'s picture
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freerider. Saturday, 22 Jul 2017 at 1:57pm

Now that she's on board-- I'm pretty sure Dirk alteady has a few new sponsors lined up to come on board also--otherwise it might be a little embarrassing for her. It seems $peaker tried to tap into the women's market also without a lot of success. I think what it might come down to is when a lot of everyday Surfers aren't that interested in so-called pro surfing, how do you get the everyday person interested? If you need to bring in 30 mil a year just to break even-- that might be a hard wave to catch.

freerider.'s picture
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freerider. Saturday, 22 Jul 2017 at 1:55pm

Just a little PS here. In the beginning--Dirk pledged 30 million a year for 3 years. This is the 3rd and final-year supposedly. But when you have billions of dollars and an ego and wife to keep happy--you might keep pouring some cash into this. I guess only time will tell. If nothing else--we can probably look forward to some new cheesy commercials from the WSL....

terrance's picture
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terrance Saturday, 22 Jul 2017 at 7:37pm

geezz freerider, I don't really care about the WSL that much either, but freerider for a bloke who doesn't either, you're going on a bit about it like you have some emotional involvement or some z-grade mental axe to grind. Move on...

As I said earlier, if the WSL is no longer financially viable, it will not survive. No biggie, the world will go, the sun will rise the following day, and hopefully the waves will be pumping as well.

so freerider, who'do you reckons going to get the bickies at Chopes next month...

freerider.'s picture
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freerider. Saturday, 22 Jul 2017 at 11:00pm

Yeah, I am a little upset to be honest, with the WSL, Quiksilver, Rip Curl and others all trying to sell and exploit surfing to the masses resulting in more crowded line-ups--and as far as Chopes, I really couldn't care much. "The best waves ever ridden on the planet--whether it's 2 feet or twenty--will always be the waves you catch and ride yourself"......

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terrance Saturday, 22 Jul 2017 at 11:05pm

yep!

rooftop's picture
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rooftop Sunday, 23 Jul 2017 at 2:33am

What is the purpose of the WSL anyway?

Seems to me that what we, as surfers, want from the WSL is simply the world's best surfers on the world's best waves and a decent webcast so we can watch it. That's it. But there's no way to fund that without growing the sport, because the only ones who want to sit through half an hour of two blokes waiting for waves are surfers.

But of course, growing the sport is exactly what surfers don't want.

Like all businesses, the WSL's purpose, indeed its duty, is to generate a profit. But is there a way to do this without growing the sport and would it even occur to them to try?

The classic modern dilemma of infinite growth with limited resources seems to be playing out here. But I can't imagine the WSL ever adopting a 'sustainable' business model that aimed merely cater to the existing community.

Ok - thought experiment here. Stretch your brains. Imagine a WSL or equivalent which was a not-for-profit, which actually had a constitution structured around representing the interests of surfers and not the exploitation of the sport for money. Sure it had to be viable, but unlike almost every other sporting body on the planet, it operated out of an obligation to the integrity of the sport and its participants rather than a thirst for luchre.

I know, I know. But it's a nice thought.

freerider.'s picture
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freerider. Sunday, 23 Jul 2017 at 5:05am

is surfing even a real sport? I think most surfers, think of it more as a lifestyleway--a way to get in touch with nature, an escape, a way to get away from the man and the mainstream and the hassles of day-to-day life. Now the Wsl wants to bring back winners and losers --ego trips-- money--advertising. Thanks but no thanks, I just don't think we really need all that junk..

indo-dreaming's picture
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indo-dreaming Sunday, 23 Jul 2017 at 5:30am

The WSL is always destined to fail doesn't matter how they market it or who too or who the CEO is.

Even as surfers, most surfers don't bother watching and if we do we generally only watch a few heats of surfers we dig or if heats just happen to line up with our free time or our time zone.

And i know even when we are watching it many of us are only half tuned in, have it going and doing something else because it's pretty boring even as a surfer waiting for guys to catch waves, then we get a few seconds of action.

Not to mention sometimes a comp starts and then the next day its called off and no one knows when its going to run again or it starts and then the wind shifts etc even as a surfers sometimes I'm not onto it when it starts again or just over it, if the waves a crap like brazil i just don't even bother at all.

IMO there is only one way to make the WSL vaguely successful and that is to go smaller not bigger, back to basics including less price money, less comps and fark paying some CEO a few hundred a year to do something someone can do just as good for far less.

For it to be vaguely successful it needs to be marketed to surfers not every day people, and what us surfers want to see is it run in good waves like we saw at J-bay

And the irony is when its run in good waves, you are more likely to get non surfers vaguely interested.

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zenagain Sunday, 23 Jul 2017 at 8:28am

'And the irony is when its run in good waves, you are more likely to get non surfers vaguely interested.'

Still doubt that Indo, even Uplift said it the other day he was getting a few non-surfees to watch the final of J'Bay and their attention span was about 5 mins (dunno if this is true or not but is in my experience too) and the waves were cracking.

They need to market to surfers, pure and simple- non surfers just don't get it.

Even myself, if the waves are half good here and it's firing on the webcast somewhere around the world, I'll go surfing anyday. The WSL needs to somehow condense the action for viewing if they have any hope of capturing an audience.

PS The J'Bay contest coincided with a really crap run of surf and downtime at work, that's why I watched so much of that contest. Lucked in.

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tonybarber Sunday, 23 Jul 2017 at 10:29am

What I've noticed is that yes, there was more interest from non surfers. The main news picked the highlights - tube rides, shark, size, quality. The non surfers starting to understand it. This will take time to 'educate' the public. But many similar sports have been able to, so why not WSL.

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indo-dreaming Sunday, 23 Jul 2017 at 10:36am

What other sports have so much downtime between action?

Golf comes to mind, but no idea how anyone can watch that.

frog's picture
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frog Sunday, 23 Jul 2017 at 11:17am

Surfing is high repetitive. If you surf you an understand the subtleties and can appreciate a John John or a Mick Mick carve or mentally ride a perfect wave. Tennis too is highly repetitive and the same applies. But in tennis it is easier for a non tennis player to get into the drama and the scoring and competitive battle. Surfing attempts to and sometimes achieves this but the subjective scoring leaves the non surfer a bit mystified and the surfer the same at times.

It will never be mainstream unless there are wave pools everywhere and the masses can do it with a decent pleasure to pain ratio.

Surfing's growth is self limiting in the ocean by wave scarcity and crowds. Competing for waves, driving miles, getting skunked, cold, shark possibilities, heavy wipeouts, drop ins, finding great waves but getting the scraps cause of a few hotties or long boarders is all okay if plenty of good days outweigh the bad or if you have done the hard yards and know how to get good sessions in somehow. But for the average punter say starting off in Sydney or California the pain is not worth the gain very often. They dabble then quit.

So if the WSL and the industry want to create "growth" - i.e,. a goal which is ironically not shared by 98% of their audience, they will hit the ever growing barrier of psychological saturation.

So a new CEO will come and go defeated is my prediction.

Interestingly, another water sport I do could never be crowded which creates an attitude shift - you chat to others, look forward to company - almost like the old days of surfing. It is not as exciting as great surf but more fun than average surf. Importantly, when I head off for a session it is with a sense of peace - I know I can't get skunked by crowds or weather. It is a big ocean once you are no longer limited to specific little spot on a certain tide and swell.

This activity just highlights the negative drag crowds have on the whole surfing experience. We live it and accept it but it so much changes the whole flavour of surfing once you expiernce no crowds.

So "surfing industry" build pools and artificial reefs in large numbers or be doomed to stagnation. Do something for your market, don't just take and profit.