CARLSBAD, Calif., May 9, 2018 /PRNewswire/ -- Callaway Golf Company
(NYSE:ELY) today announced that it has increased the size of the
Company's Board of Directors from eight to nine members, and that
Russell L. Fleischer has been
appointed to the Board. He will begin serving immediately and
will stand for election for a full one-year term at the Company's
2019 Annual Meeting of Shareholders.
Mr. Fleischer, age 50, is a seasoned business and financial
executive with significant experience in the golf industry, having
previously served as Chief Financial Officer of Adams Golf, Inc.
and subsequently as a board member of Adams Golf. Mr.
Fleischer also has significant experience in mergers and
acquisitions, capital raising and private equity
transactions. Mr. Fleischer joined Battery Ventures, a global
investment firm providing venture capital and private equity, in
2014 as a partner and was promoted to general partner in 2015.
Prior to joining Battery Ventures, Mr. Fleischer served as
Chief Executive Officer at three privately held companies: HighJump
Software, a supply chain management software company, from 2010 to
2014; Healthvision Software, a healthcare information technology
provider; and TriSyn Group, a core banking applications software
provider. He has also been both a public and private company
Chief Financial Officer, including CFO of Adams Golf, formerly a
publicly traded company, from 2000 to 2002. Mr. Fleischer has
served as a board member for several public and private companies,
including Adams Golf from 2005 to 2012, HomeCareHomeBase, Vero
Software, Data Innovations and RogueWave. Mr. Fleischer
earned a B.A. in Economics from Johns Hopkins
University and an MBA from Vanderbilt University.
"Russell's extensive knowledge of corporate strategy and
operations, mergers and acquisitions, capital raising and private
equity transactions will benefit the Board greatly," commented
Ronald S. Beard, Chairman of the
Board of Callaway Golf Company. "In addition, he brings direct
relevant industry experience as a former Chief Financial Officer
and board member of a publicly traded golf company. We are excited
to have him join us."
The addition of Mr. Fleischer expands the board to a total of
nine members, including Chairman, Ronald S.
Beard, Samuel H. Armacost,
Oliver "Chip" Brewer III, John C. Cushman,
III, John F. Lundgren,
Adebayo O. Ogunlesi, Linda B. Segre and Anthony S. Thornley. Callaway Golf's
Bylaws mandate that the Company's Board consist of not less than
six nor more than fifteen members, of which the substantial
majority must be independent. With the addition of Mr.
Fleischer as an independent director, eight of the nine board
members qualify as independent under applicable standards.
For more on the Company's board of directors, visit the Investor
Relations section of the Company's website at
www.callawaygolf.com
About Callaway Golf
Through an unwavering
commitment to innovation, Callaway Golf Company (NYSE: ELY) creates
products designed to make every golfer a better golfer. Callaway
Golf Company manufactures and sells golf clubs and golf balls, and
sells bags, accessories and apparel in the golf and lifestyle
categories, under the Callaway Golf®, Odyssey®, OGIO and
TravisMathew brands worldwide. For more information please
visit www.callawaygolf.com,
www.odysseygolf.com. www.OGIO.com, and
www.travismathew.com.
Contacts: Brian
Lynch
Patrick
Burke
(760) 931-1771
View original content with
multimedia:http://www.prnewswire.com/news-releases/russell-l-fleischer-named-to-board-of-directors-of-callaway-golf-company-300645922.html
SOURCE Callaway Golf Company