Callaway Golf Company has announced that Bradley J. Holiday, senior executive vice president and Chief Financial Officer plans to retire this year and the company will conduct a search for his successor.
Holiday, who has served as CFO for the company since August 2000 will continue in the position until his replacement has been identified and a smooth transition has been effected.
"We are very grateful for Brad's many years of dedication and service; his contributions to the company are too numerous to count," commented Chip Brewer, President and Chief Executive Officer. "Over the last 14 years, Brad has been a constant that helped drive Callaway forward. He will be missed, but I am grateful for the time he worked with me and the current team and I appreciate him communicating his retirement plans in a manner that allows us to identify his successor in an orderly manner. All of this is 100 percent consistent with the high integrity, character and professionalism that he has always demonstrated."
Changes in foreign currency rates forced the company to increase its 2014 earnings guidance, though it still expected an increase in net sales of approximately 6 percent in 2014 compared to 2013.
Holiday, who has served as CFO for the company since August 2000 will continue in the position until his replacement has been identified and a smooth transition has been effected.
"We are very grateful for Brad's many years of dedication and service; his contributions to the company are too numerous to count," commented Chip Brewer, President and Chief Executive Officer. "Over the last 14 years, Brad has been a constant that helped drive Callaway forward. He will be missed, but I am grateful for the time he worked with me and the current team and I appreciate him communicating his retirement plans in a manner that allows us to identify his successor in an orderly manner. All of this is 100 percent consistent with the high integrity, character and professionalism that he has always demonstrated."
Changes in foreign currency rates forced the company to increase its 2014 earnings guidance, though it still expected an increase in net sales of approximately 6 percent in 2014 compared to 2013.