CARLSBAD, Calif., Aug. 20 /PRNewswire/ -- Callaway Golf Company
(NYSE: ELY) announced today that Ronald A. Drapeau, its President and CEO, has
been elected to serve as Chairman of the Board. Mr. Drapeau will fill the
vacancy created by the death on July 5, 2001 of Ely Callaway, the Company's
Founder. At the same time, the Board also formed an Executive Committee that
will be chaired by Richard L. Rosenfield and consist of Mr. Rosenfield, Mr.
Drapeau and other Board members William C. Baker and Ronald S. Beard.
Mr. Drapeau was elected President and CEO of Callaway Golf on May 15,
2001. Mr. Drapeau joined the Company in 1996, and has served in a variety of
positions since that time, including Senior Executive Vice President,
Manufacturing. He was elected to the Board of Directors on June 7, 2001, and
also serves on the Board's Finance Committee.
Mr. Rosenfield has been a Director since 1994, and also chairs the Board's
Compensation and Management Succession Committee and Stock Option Committee
(Employee Plans). He is also Co-Founder and Co-Chairman of the Board of
California Pizza Kitchen, Inc.
"I am very grateful to the Board for this show of confidence in me and my
team of managers and employees," said Mr. Drapeau. "Working very hard with
the Board, we all plan to continue Callaway Golf's record of success."
Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons,
including Big Bertha ERC(R) II Forged Titanium Drivers, Big Bertha Hawk Eye(R)
VFT(TM) and Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and Fairway
Woods, Big Bertha Steelhead Plus(TM) Stainless Steel Drivers and Fairway
Woods, Hawk Eye Tungsten Injected(TM) Titanium Irons, Steelhead(TM) X-14(R)
and Steelhead X-14 Pro Series Stainless Steel Irons. Callaway Golf Company
also makes and sells Odyssey(R) Putters, including White Hot(R), TriHot(TM),
and Dual Force(R) Putters. Callaway Golf Company makes and sells the Callaway
Golf(R) "Rule 35"(R) Firmfeel(TM) and Softfeel(TM) golf balls, and the CB1(TM)
Red and CB1 Blue golf balls. For more information about Callaway Golf
Company, please visit our Web sites at http://www.callawaygolf.com and
http://www.odysseygolf.com.
SOURCE Callaway Golf Company
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