Callaway 2011 Annual Report Download - page 22

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December 31, 2011, and the Company’s Reorganization and Reinvestment Initiatives announced in June 2011
(see Note 3 “Restructuring Initiatives” to the Notes to Consolidated Financial Statements in this Form 10-K).
These reductions were offset by an increase in personnel as a result of the Company’s efforts to expand
operations in regions outside the United States. The Company also employs temporary workers as the business
requires.
The Company’s golf ball manufacturing employees in Chicopee, Massachusetts, are unionized and are
covered under a collective bargaining agreement, which expires on September 30, 2014. In addition, certain of
the Company’s production employees in Canada and Australia are also unionized. The Company considers its
employee relations to be good.
Executive Officers of the Registrant
Biographical information concerning the Company’s executive officers is set forth below.
Name Age Position(s) Held
Anthony S. Thornley ............................. 65 President and Chief Executive Officer, Director
Steven C. McCracken ............................ 61 Senior Executive Vice President and Chief
Administrative Officer
Bradley J. Holiday ............................... 58 Senior Executive Vice President and Chief
Financial Officer
Jeffrey M. Colton ............................... 39 Senior Vice President, Global Brand and
Product
Joseph Urzetta .................................. 55 Senior Vice President, Americas
Neil Howie .................................... 49 Managing Director, Europe, Middle East and
Africa
Alex Boezeman ................................. 53 Managing Director, East Asia
Leighton Richards ............................... 39 Managing Director, Southeast Asia and South
Pacific
Anthony S. Thornley was named interim President and Chief Executive Officer of the Company in June
2011. He has served as a Director of the Company since April 2004 and was the Chair and designated “Financial
Expert” of the Audit Committee until his appointment as President and Chief Executive Officer. From February
2002 to July 2005, he served as President and Chief Operating Officer of QUALCOMM Incorporated, the San
Diego-based company that pioneered and developed technologies used in wireless networks throughout much of
the world. He previously served as QUALCOMM’s Chief Financial Officer from 1994 to February 2002. Prior to
joining QUALCOMM, Mr. Thornley worked for Nortel Networks for 16 years, serving in various financial and
information systems management positions including Vice President of Public Networks, Vice President of
Finance NT World Trade, and Corporate Controller Northern Telecom Limited. Before Nortel, Mr. Thornley
worked for Coopers & Lybrand. Mr. Thornley is a Director of Cavium Networks (a semiconductor
company). Mr. Thornley received his degree in chemistry from Manchester University, England, and qualified as
a chartered accountant.
Steven C. McCracken is Senior Executive Vice President and Chief Administrative Officer of the Company
and has served in such capacity since October 2005. He previously served as Senior Executive Vice President,
Chief Legal Officer and Secretary from August 2000 until October 2005. He served as Executive Vice President,
Licensing and Chief Legal Officer from April 1997 to August 2000. He has served as an Executive Vice
President since April 1996 and served as General Counsel from April 1994 to April 1997. He served as Vice
President from April 1994 to April 1996. He served as Secretary from April 1994 to December 2008. Prior to
joining the Company, Mr. McCracken was a partner at Gibson, Dunn & Crutcher LLP for 11 years, and had been
in the private practice of law for over 18 years. During a portion of that period, he provided legal services to the
Company. Mr. McCracken serves on the boards of Pro Kids Golf Academy and Learning Center (First Tee of
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