In what seems like a stunning turn of events, famed putter designer Bobby Grace has resigned from MacGregor Golf, effectively immediately, according to a statement released yesterday.

Grace’s resignation comes right on the heels of MacGregor’s launch of a new line of Bobby Grace DCT putters (pictured here).

“We appreciate the work and dedication Bobby gave to the company since it acquired Bobby Grace Putters in 2003 and wish him well in his future endeavors,” said CEO and President Michael Setola.

According to the company, “MacGregor Golf retains ownership of all trademarks and other rights associated with Bobby Grace Putters and the name Bobby Grace…MacGregor will continue to further expand its putter line featuring the category leading DCT technology and feature it in an expanded marketing initiative starting in the Fall of 2008.”

Bobby Grace first made a splash in 1994 with his “Fat Lady Swings” putter, a mallet that he hand-milled in his garage. This distinctive putter ......