Golf News - George Fellows receives contract extension at Callaway Golf

Callaway Golf has announced the contract extension of its president and CEO, George Fellows after an agreement was finalised at board level to extend his contract for an additional three years.

After joining Callaway in 2005, Fellows posted record net sales and fully diluted earnings of $0.81 – a 138% increase compared to 2007.

Throughout his leadership – Callaway has improved its business procedures and operations leading to increased sales and profits in difficult trading conditions in the Western World throughout 2008. Fellows will earn a base salary of $925k and will be entitled to an annual bonus – relative to his base salary.

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