28 Feb '12, 4am

Callaway hires Brewer away from Adams

Callaway hires Brewer away from Adams - Adams takes over Adams by Ed Travis Chip Brewer, CEO of Adams Golf (Nasdaq:ADGF), has resigned from to take the position of President and Chief Executive Officer of Callaway Golf (NYSE: ELY), the move to be effective March 5, 2012. Industry icon and Adams Golf founder Barney Adams Chairman of the Board of Directors has become interim CEO of Adams. On January 4 this year Adams Golf announced the hiring of Morgan Stanley to “review strategic alternatives, may consider among its options a sale or starting a dividend,” according to a company statement. In the event of a sale of the company Brewer’s position as CEO could have been in jeopardy. Just over a year ago Adams purchased Yes! Putter, which was in bankruptcy, and reintroduced a complete line of putters from Yes! at the PGA Merchandise Show in January. Callaway Golf, which has seen...

Full article: http://www.bunkershot.com/post/18408257389/callaway-hires...

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Callaway hires Adams' Brewer as chief executive: Hoping to regain its leadership position in the equipment marke...

Callaway hires Adams' Brewer as chief executive...

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