Topgolf Callaway Brands has announced that Artie Starrs will be stepping down as CEO of Topgolf. Starrs has accepted another CEO position with an undisclosed company but will remain in place through the end of September, to support the leadership transition.
The company has not announced a successor but has confirmed that the change will not affect its full-year financial guidance. Chip Brewer, President and CEO of Topgolf Callaway Brands, says: ”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.”
In the first quarter of 2025, Topgolf generated $393.7 million in revenue, accounting for approximately 36 percent of Topgolf Callaway Brands’ total consolidated revenue of $1.09 billion.
