BOSTON, Mass – Callaway Golf is in the process of changing its corporate name to Topgolf Callaway Brands to reflect the company’s expanded brand portfolio following its merger with Topgolf in 2021.
The corporate name change will come into effect on September 6, with Callaway Golf’s ticker symbol on the New York Stock Exchange changing from “ELY” to “MODG”, which, the company says, is designed to reflect its ‘leadership position in the Modern Golf ecosystem’.
Chip Brewer, President and Chief Executive Officer of Callaway Golf, said: “We are excited to introduce Topgolf Callaway Brands, which better acknowledges our long-term strategic path forward, while emphasizing our unique and dominant leadership in the modern golf space.
“With the change, our new corporate identity will reinforce the opportunities that are anchored in our strong heritage business and at the same time build important awareness for our strategic shift towards exciting new ventures in the modern golf and active lifestyle segments We believe that Topgolf Callaway Brands simultaneously communicates robust growth and change along with stability and strength.”
Topgolf Callaway Brands will continue to be led by the current Callaway Golf Company management team.