Topgolf International CEO Arthur Starrs has resigned from his current position to take up a new CEO role with an undisclosed business.
Before joining Topgolf, Starrs had seven years of experience at Pizza Hut, including executive roles in 2016. Prior to that, he was appointed to CFO and EVP at Rave Cinemas.
“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,” said Chip Brewer, president and CEO of Topgolf Callaway Brands.
“Given this development, it is likely that a spin-off transaction would not occur until 2026, after a new CEO is in place.
Starrs is expected to remain with the company through September 2025 to assist with the transition and the search for his replacement.
Earlier, Topgolf Callaway reported lower sales in the first quarter as its flagship underperformed and sold Jack Wolfskin to Anta Sports for a base price of $290 million.