Biz Buzz: Raytheon CEO is new co-owner of Avila Golf Resort

An East Coast executive of a Fortune 500 firm who has ties to the Central Coast is now the co-owner of the Avila Beach Golf Resort.

Bill Swanson, chief executive officer and chairman of Massachusetts-based Raytheon Corp., one of the nation’s top defense firms, partnered with golf course owner and local developer Rob Rossi last month, Rossi confirmed this week.

Rossi declined to say how much Swanson, an avid golfer, has invested in the golf course, noting that it’s an “equal involvement.”

“It was a welcome involvement,” said Rossi, who is in the midst of restructuring debt in an effort to move ahead with uncompleted projects. “We’re trying to take care of all of the obligations that we have. Some have exceeded what we would have preferred, given the current economy.”

The Swanson and Rossi families have become friends over the past few years, Rossi said, and discussions had been ongoing with them about owning part of the golf resort. Swanson is also co-owner with Rossi of an Edna Valley vineyard and winery facility at 2196 Corbett Canyon Road.

A native of San Luis Obispo County, Swanson graduated magna cum laude from Cal Poly with a bachelor’s degree in industrial engineering. He joined Raytheon in 1972.

“Bill obviously has a full-time day job, but he’s very engaged, and we welcome his input as he has experience and knowledge of golf and various aspects of our business,” said Rossi, who bought the Avila Beach Golf Resort 22 years ago.

While the economy has affected business at the golf resort, Rossi said the “golf course and its related facilities are having a banner year.”

“I don’t know that we’re up in total volume, but we’re certainly up in revenue,” he said. “The Memorial Day weekend, when we do the beer and blues festival, all the events were sold out. We’re getting a really strong summer surge.”

— Julie Lynem

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Twin Cities Community Hospital recently hired Jason Chang as its new director of business development. Chang comes to Twin Cities from St. Agnes Medical Center in Fresno, where he was the director of wound, ostomy and hyperbaric medicine departments.

He has a bachelor’s degree in pre-medicine: physiology/kinesiology from Northern Arizona University and is currently president of the Japanese American Citizens League. Twin Cities Community Hospital, part of Tenet California, is a 114-bed acute-care hospital located at 1100 Las Tablas Road in Templeton.

— Julia Hickey