Topgolf Callaway Brands CEO Artie Starrs Resigns, Replacement Search Begins

Artie Starrs, CEO of Topgolf Callaway Brands, has resigned and will stay through September 2025 to assist with the transition. Chip Brewer, President and CEO, will lead the company until a new CEO is appointed. The company is conducting an executive search for Starrs' replacement and is still pursuing a spin-off or sale of Topgolf, which is now expected to occur in 2026.

Title: Topgolf Callaway Brands Announces Resignation of CEO Artie Starrs

Topgolf Callaway Brands Corp. (NYSE: MODG) has announced the resignation of Artie Starrs, CEO of Topgolf, effective September 2025. Starrs will remain with the company to assist with the transition. Chip Brewer, President and CEO of Topgolf Callaway Brands, will lead the company until a new CEO is appointed. The company is actively conducting an executive search for Starrs' replacement.

Starrs' departure does not impact the company's strategic direction or commitment to separating Topgolf. The company remains committed to pursuing either a spin-off or sale of the Topgolf business, which is now expected to occur in 2026, after a new CEO is in place. Chip Brewer commented on the company's positive Q2 financial results and improving same venue sales trends, reflecting the significant actions taken this year.

Forward-looking statements, as defined under the Private Securities Litigation Reform Act of 1995, include Mr. Starrs' planned departure date, the search for a replacement for Mr. Starrs, the appointment of a new Topgolf CEO, and the timing of the company's planned separation of the Topgolf business from its other business units. These statements are based on current information and expectations and are subject to various risks and uncertainties, including global economic conditions, decreases in consumer demand, and the ability to successfully execute planned transactions.

Topgolf Callaway Brands Corp. is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, and OGIO. The company operates a chain of golf-related amusement and events centers. For more information, please visit https://www.topgolfcallawaybrands.com.

References:
[1] https://www.prnewswire.com/news-releases/topgolf-callaway-brands-announces-resignation-of-artie-starrs-ceo-of-topgolf-302519081.html
[2] https://www.stocktitan.net/news/MODG/topgolf-callaway-brands-announces-resignation-of-artie-starrs-ceo-of-wbyt7j3d9od8.html
[3] https://en.wikipedia.org/wiki/Callaway_Golf_Company