Callaway announced that their President and CEO, George Fellows, resigned stating personal reasons. Fellows has been at the head of Callaway since 2005, his mission was focused on expansion, product cost reduction, and help golf return to the Olympics. Along with his resignation came their second quarter results and which posted a net loss of $55 million.
With this new development, Callaway has had to appoint an interim president. The honor has gone to Callaway Golf board member Anthony Thornley. A great fit for Callaway not only has he been invested in the company while sitting on their board for the past 6 years, he is also an avid golfer, gaming a single digit handicap.
For Thornley, it’s not necessarily the best time to take the lead at a company who posted an unfortunate net loss in their second quarter. However, the changes you can expect to see Thornley make is to first focus on marketing where they have been outdone by some of their competitors in recent years. There is also expected to be a round of layoffs as they reorganize. Thornly will bring in his own leadership skills and style to Callaway in hopes to reboot the company.
Callaway Golf is in no danger of leaving the golf world anytime soon it has been a staple in golf world ever since the introduction of the Big Bertha. This July marks the 10th anniversary of the passing of Callaway founder Ely Callaway.
Pro’s making changes to their equipment this week at the U.S. Open is no new revelation. To many it may seem strange for a player to change up what clubs they have been playing with for the previous tournaments. While PGA Tour players don’t always change their equipment, they do tend to make changes to their clubs right before a big tournament. Essentially it all comes down to the course conditions for that tournament. Certain types of golf clubs are better suited for different course conditions.
Who picks equipment over instruction? Legendary golf instructor
putter market. With the inclusion of Yes! Golf putters Adams was able to make a significant leap into the putter market with a respected brand name and a vital technology platform. Founded in 1996 by famed European putting doctor Harold Swash. The brand become internationally known when Retief Goosen won his first US Open with their Tracy model putter. The brand name carries with it a knowledge and understanding of putter technology and design.
Beginning last year Anthony Kim and Francesco Mollinari played this driver. Recently John Cook used it to validate his victory on the Championship Tour during the Outback Steakhouse Pro-Am. Rookie Jhonattan Vegas used the driver during his first win on the PGA Tour at the Bob Hope Classic. Averaging 309 yards off the tee during the 5 rounds of the classic he scored in the 60s to show this driver definitely lives up to it’s Nike namesake. Not forgetting the most masterful winner using the tour version of this driver was Charl Schwartzel during his monumental win at the Maters this year. When it boils down to it these golfers all had the talent and paired with the right equipment they made these wins possible.
