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Non-Tech : Callaway Golf -- it's a buy
ELY 21.33-2.8%Sep 6 5:00 PM EST

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To: Don Dorsey who wrote (146)6/16/1998 10:06:00 AM
From: Don Dorsey  Read Replies (1) of 307
 
CARLSBAD, Calif., June 16 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY)
announced today that Yotaro Kobayashi, Chairman and Co-CEO of Fuji Xerox
Co., Ltd., has been elected to its Board of Directors.
Born in England, Mr. Kobayashi received his undergraduate degree from Keio
University in Tokyo in 1956. In 1958 he graduated from the Wharton School
of Finance and Commerce at the University of Pennsylvania. Mr. Kobayashi
joined Fuji Photo Film Co., Ltd. in 1958, and in 1963 was assigned to Fuji
Xerox. In 1968 he became a member of the Board of Directors of Fuji Xerox
and in 1978 he was appointed as its President and Chief Executive Officer.
Mr. Kobayashi became Chairman in 1992 and is currently serving as Chairman
and Co-CEO of that company.
Callaway Golf Company Founder and Chairman Ely Callaway stated, "As the
head of Fuji Xerox, a company that is widely regarded as a very successful
Japanese/American joint venture, Mr. Kobayashi brings very valuable
international business expertise to Callaway Golf. We are honored that Mr.
Kobayashi has joined our Board."
Mr. Kobayashi also serves as a director of Xerox Corporation and ABB Asea
Brown Boveri Ltd. He holds positions as Chairman of The Aspen Institute
Japan, Japanese Chairman of the Trilateral Commission, and Vice Chairman of
both the International University of Japan and the Keizai Doyukai (Japan
Association of Corporate Executives). He is also on the International
Advisory Boards of both Northern Telecom Limited and the Council on Foreign
Relations and is on the International Council of JP Morgan. In addition,
Mr. Kobayashi serves on the Board of Trustees of both the University of
Pennsylvania and Keio University, on the Board of Overseers at University of
Pennsylvania's Wharton School, and on the Advisory Board of Stanford
University's Graduate School of Business.
For more information about Callaway Golf Company, please visit our web site
on the internet at callawaygolf.com.
/CONTACT: Krista Mallory of Callaway Golf Company, 760-931-1771/
08:40 EDT
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