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Since the company merged with Callaway in 2021, Topgolf’s CEO Artie Starrs announced his resignation.
Starrs will be in the position of Dallas-based Golf Entertainment Company until the recruitment of alternatives in September, after which he will move to an undisclosed company to take on a new CEO position.
Last September, Topgolf Callaway Brands announced plans to split Topgolf and Callaway into two independent companies, with the expected separation time being completed in the second half of 2025.
Chip Brewer, president and CEO of Topgolf Callaway brand, said Starrs Decrandure will delay its current company restructuring plan.
He said: “We thank Artie for its leadership and many contributions to Topgolf and wish him all the best in his new efforts. Artie’s departure will not affect our strategic direction or commitment to the separation of Topgolf, and we are still pursuing Topgolf spin-offs or sales. Given this development, it will not happen until 2026, and after a new CEO will occur in 2026.”
“We are satisfied with Topgolf’s second-quarter financial results and improving the same venue sales trend, which reflects the major action taken this year. We look forward to providing more details as we report second-quarter earnings next week.”
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