Callaway Golf Company Announces Planned Retirement Of Chief Financial Officer In 2015
Mr. Holiday will continue as Chief Financial Officer until his replacement has been identified and a smooth transition has been effected. Mr. Holiday has served as the Company's Chief Financial Officer since
"We are very grateful for Brad's many years of dedication and service; his contributions to the Company are too numerous to count," commented
Mr. Holiday added, "the Company will be profitable this year for the first time since 2008 – a significant milestone in the Company's turnaround – making this a natural time for this transition. Callaway is a great company and I have enjoyed my many years with Callaway and the many great people with whom I have worked."
Forward-Looking Statements: Statements used in this press release that relate to future plans, events, financial results, performance or prospects, including statements relating to Mr. Holiday's planned retirement and the timing thereof as well as the Company's return to profitability in 2014 are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are based upon current information and expectations and are subject to various risks and unknowns including a change in retirement plans; 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 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 designing or manufacturing the Company's products; any rule changes or other actions taken by the
About
Through an unwavering commitment to innovation,
Contacts:
(760) 931-1771
Logo - http://photos.prnewswire.com/prnh/20091203/CGLOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/callaway-golf-company-announces-planned-retirement-of-chief-financial-officer-in-2015-300003868.html
SOURCE