Rane to Leave Callaway Golf to Join Internet Start-Up
22.12.1999, 15:15
CARLSBAD, Calif. 22. prosince (PROTEXT) - Callaway GolfCompany (NYSE: ELY) announced today that David Rane, theCompany's Executive Vice President and Chief Financial Officer,is leaving the Company to join StoreRunner Inc., a San Diego-based internet start-up. Mr. Rane had been with the Company since1993. "The last six and a half years at Callaway Golf have beenabsolutely wonderful," said Mr. Rane. "Given the positiveturnaround that we have achieved in 1999, the launch of ourJapanese sales subsidiary next month, and the plannedintroduction of our golf ball in 2000, I am confident that thefuture at Callaway is very promising. Only something veryexceptional would cause me to leave Callaway Golf. I see theprofessional opportunities at StoreRunner to be such anopportunity. However, I know I will miss being a part of CallawayGolf's future." "David is a very talented young executive who has helped us agreat deal," said Ely Callaway, Founder, Chairman and CEO ofCallaway Golf. "It is a tribute to his great talent that othershave sought him out and recruited him for their new venture. Iknow that all of David's friends here at Callaway Golf will joinme in thanking him for his many contributions to the Company andin wishing him well in his new endeavor." StoreRunner Inc. operates the www.storerunner.com website, ashopping portal that offers shopping both online and at localretail stores. It is approximately 50%-owned by CBS BroadcastingInc. Callaway Golf Company makes and sells Big Bertha(R) MetalWoods and Irons, including Great Big Bertha(R) Hawk Eye(R)Titanium Metal Woods, Big Bertha(R) Steelhead(TM) Stainless SteelMetal Woods, Great Big Bertha(R) Hawk Eye(R) Tungsten InjectedTitanium Irons, Big Bertha(R) X-12(TM) Stainless Steel Irons, andBobby Jones(R) and Carlsbad Series(TM) putters. Callaway GolfCompany also makes and sells Odyssey(R) putters and wedges withStronomic(R) and Lyconite(R) inserts. For more information about Callaway Golf Company, please visitthe company's websites at www.callawaygolf.com andwww.odysseygolf.com. ots Original Text Service: Callaway GolfCompany Internet: http://www.newsaktuell.de Contact: ElyCallaway, Chuck Yash, or Larry Dorman, all of Callaway GolfCompany, 760-931-1771 Company News On-Call:http://www.prnewswire.com/comp/124825.html or fax, 800-758-5804,ext. 124825 Web site: http://www.storerunner.com Web site:http://www.odysseygolf.com Web site: http://www.callawaygolf.com
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