CARLSBAD, Calif., April 15, 2015 /PRNewswire/ -- Callaway Golf
Company (NYSE: ELY) today
announced that the Company has appointed Robert K. Julian as Chief Financial Officer of
the company, effective May 11, 2015.
Brad Holiday, who has served as
Chief Financial Officer since August
2000, announced his impending retirement in December 2014.
"After a thorough search, we believe that we have selected an
outstanding individual to lead our global finance organization
through the next chapter of Callaway's turnaround plan," Mr. Brewer
said. "Robert has excellent leadership skills, strong business
acumen, and solid knowledge in all facets of finance and
accounting."
"We are very grateful for Brad's many years of service; his
contributions to the company are too numerous to count," Mr. Brewer
added. "Brad has consistently demonstrated high integrity and
professionalism as Callaway Golf's CFO for more than 14 years."
Robert Julian has over 20 of
years of financial leadership experience with increasing
responsibility within industrial and technology companies such as
Lydall, Legrand, Fisher Scientific International, Cisco Systems and
Honeywell. In his most recent role, he served as Executive Vice
President & Chief Financial Officer at Lydall, Inc. Robert has
a Bachelor of Arts Degree in Finance from Michigan State University and an MBA in Finance
from the University of Michigan. He
will be relocating to the San
Diego area with his family.
"Having been a golf enthusiast my entire life, I am very excited
to join Callaway," Mr. Julian said. "I look forward to
working with Chip and the senior management team to help drive
continued business success and increase shareholder value."
Forward-Looking Statements: Statements used in this
press release that relate to future plans, events, financial
results, performance or prospects, including statements relating to
a recovery, future business success and increase in shareholder
value are forward-looking statements as defined under the Private
Securities Litigation Reform Act of 1995. These statements
are based upon current information and expectations.
Accurately estimating the forward-looking statements is based upon
various unknowns, including delays, difficulties, or increased
costs in implementing the Company's turnaround strategy; consumer
acceptance of and demand for the Company's products; the level of
promotional activity in the marketplace; unfavorable weather
conditions, future consumer discretionary purchasing activity,
which can be significantly adversely affected by unfavorable
economic or market conditions; future retailer purchasing activity,
which can be significantly negatively affected by adverse industry
conditions and overall retail inventory levels; and future changes
in foreign currency exchange rates and the degree of effectiveness
of the Company's hedging programs. Actual results may differ
materially from those estimated or anticipated as a result of these
risks and unknowns or other risks and uncertainties, including
continued compliance with the terms of the Company's credit
facility; delays, difficulties or increased costs in the supply of
components needed to manufacture the Company's products or in
manufacturing the Company's products; any rule changes or other
actions taken by the USGA or other golf association that could have
an adverse impact upon demand or supply of the Company's products;
a decrease in participation levels in golf; and the effect of
terrorist activity, armed conflict, natural disasters or pandemic
diseases on the economy generally, on the level of demand for the
Company's products or on the Company's ability to manage its supply
and delivery logistics in such an environment. For additional
information concerning these and other risks and uncertainties that
could affect these statements, the golf industry, and the Company's
business, see the Company's Annual Report on Form 10-K for the year
ended December 31, 2014 as well as
other risks and uncertainties detailed from time to time in the
Company's reports on Forms 10-K, 10-Q and 8-K subsequently filed
with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The
Company undertakes no obligation to republish revised
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
About Callaway Golf
Callaway Golf Company (NYSE:
ELY) creates products designed to
make every golfer a better golfer. Callaway Golf Company
manufactures and sells golf clubs and golf balls, and sells golf
accessories, under the Callaway Golf® and Odyssey® brands
worldwide. For more, please visit http://www.CallawayGolf.com
Contacts: Brad Holiday
Patrick Burke
Scott Goryl
760-931-1771
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SOURCE Callaway Golf Company