LONDON: Andrea Gaudenzi has been re-elected as the chairman of the ATP men's tennis tour, with the second term running through 2026.
The ATP announced the news on Monday. Gaudenzi, a former professional player, started the job in January 2020.
Under Gaudenzi, men'stennis introduced a 50-50 profit-sharing formula that resulted in a $37.5 million rise in prize money across the ATP Tour and lower-tier ATP Challenger Tour in 2023.
The tour said that represents the highest one-year jump in the circuit's history.
Other elements of Gaudenzi's tenure touted in the news release included the introduction of 12-day Masters 1000 tournaments; long-term aggregation of media rights; increased player pension contributions; and a 75% increase in ATP Challenger Tour prize money to $21.1 million this year.
Gaudenzi wants to increase the cooperation among the seven governing bodies of tennis, a group that also includes the WTA, the International Tennis Federation and the four Grand Slam tournaments.
The Italian won three tour-level titles and reached a career-high ranking of 18th before retiring as a player in 2003. He replaced Chris Kermode as the ATP's leader.