Callaway Golf Announces Resignation of Frederick R. Port As Head of International Sales

CARLSBAD, Calif. (PROTEXT) - Callaway Golf Company (NYSE: ELY) today announced the resignation of Frederick R. Port from its board of directors immediately, and as president of Callaway Golf's international sales, effective December 31, 1999. Mr. Port joined the Company in September of 1995, and had served as the head of the Company's international sales division for the last three years. Ely Callaway, Chairman and CEO stated, "When we named Fred as President of Callaway Golf International more than three years ago, we asked him to develop and execute a plan to increase Callaway Golf's sales overseas and to integrate foreign distribution where appropriate. He accomplished both tasks. International sales have increased over the past three years, despite the economic crisis in Asia. As of January 1, 2000, Callaway will own 85 percent of its international distribution, compared with 15 percent three years ago. "We appreciate the fact that Fred has decided that he will remain with the Company during the transitional period. He played an important role in the planning and implementing of the restructuring program that helped the Company return to profitability in 1999. Fred is a good friend, and we will miss his guidance and good counsel. We know that he will always be an excellent ambassador for Callaway Golf. We recognize that Fred believes the time has come for him to seek new challenges outside Callaway Golf and we are sure he will succeed in his new endeavors." Mr. Callaway announced that Jim Chenevey, Vice President of International Sales, will be the interim head of international sales for Callaway Golf while a search is underway for a permanent successor to Mr. Port. Mr. Chenevey will be among those considered. "While this has been in discussion for some time, my decision to leave Callaway Golf is the most difficult decision I have had to make," said Mr. Port. "I love this company and I am proud of the contributions I made to Callaway Golf during the more than three years I was in charge of international sales. Now, after spending between 20 to 30 weeks a year on the road, I am looking forward to spending more time with my family -- especially with our new grandchild, who is due to arrive at the end of the year. Between now and then, I will be visiting each Callaway Golf foreign subsidiary to personally thank my many friends and associates and to help with the smooth transition to new leadership." For more information about Callaway Golf Company, please visit the Company's websites at www.callawaygolf.com and www.odysseygolf.com. If you would like to receive Callaway Golf's press releases via e-mail in the future, please send your request to: newslist@callawaygolf.com. ots Original Text Service: Callaway Golf Company Internet: http://www.newsaktuell.de Contact: Ely Callaway or Larry Dorman of Callaway Golf Company, 760-931-1771 Company News On-Call: http://www.prnewswire.com/comp/124825.html or fax, 800-758-5804, ext. 124825 ---------+---------+-------- -+---------+---------+---------+--------- News Aktuell Tel.: +49 40 4113-2866 ---------+---------+---------+---------+---------+- --------+--------- Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT