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Article: BREAKING NEWS: Callaway Golf CEO and Chairman Ron Drapeau Resigns; William C. Baker, Longest Tenured Board Member, to Assume Role of Chairman and Interim CEO.
- Article from:
- Business Wire
- Article date:
- August 2, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CARLSBAD, Calif. -- Callaway Golf Company (NYSE:ELY) today announced the resignation of Ronald A. Drapeau as Chairman of the Board and CEO of the Company.
Effective immediately, William C. Baker, Callaway Golf's longest-tenured member of the Board of Directors, will assume the responsibilities of Chairman of the Board and interim CEO. Mr. Baker, 71, has served on the Callaway Golf Board since February of 1994 and has previously led three publicly traded companies as CEO.
"The entire organization thanks Ron for his many contributions to Callaway Golf and recognizes his great service to the Company," Mr. Baker said. "We appreciate his tremendous integrity ...