Artie Starrs, the CEO of Topgolf since the company’s merger with Callaway in 2021, has announced his resignation.
Starrs will remain in post at the Dallas-based golf entertainment company until September while a replacement is recruited, after which he is moving to a new CEO role at an as yet undisclosed company.
Last September, Topgolf Callaway Brands announced plans to separate Topgolf and Callaway into two independent companies, with the separation expected to be completed by the second half of 2025.
According to Chip Brewer, President and CEO of Topgolf Callaway Brands, Starrs departure will result in a delay to current corporate restructuring plans.
He said: “We thank Artie for his leadership and many contributions to Topgolf and wish him well in his new endeavour. Artie’s departure does not affect our strategic direction or commitment to separating Topgolf, and we are still pursuing a spin-off or sale of Topgolf. Given this development, it is likely that a spin-off transaction would not occur until 2026, after a new CEO is in place.”
Brewer added: “We are pleased with Topgolf’s second quarter financial results and improving same venue sales trends, which reflect the significant actions taken this year. We look forward to providing more detail when we report our Q2 earnings next week.”
