30 Jun '11, 5pm

Callaway interim CEO says company will have renewed focus on marketing: By David Dusek, Deputy Editor, GOLF.com

During a conference call Thursday morning, Callaway interim CEO Anthony Thornley said the company, which reported a second-quarter loss of $55 million on Wednesday, has not been effective at getting its message across to consumers. "Our competition has been investing considerable amounts of money, especially recently, in advertising and tour expenses," Thornley said. "That has certainly had an effect on our business. We are going to look to increase our investment in that area and we are also going to look to improve the way we deliver the message." On Wednesday, Callaway announced the resignation of CEO George Fellows, who had been in that position since 2005, and said it would "reduce headcount at all levels of the organization." (You can read Callaway's press release here .) "While it is clear that it was the global economic recession derailed our record sales and earni...

Full article: http://www.golf.com/golf/tours_news/article/0,28136,20807...

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