Under Armour COO & CFO To Step Down In February

Under Armour store
An Under Armour retail store.
Courtesy of brand.

Under Armour Inc. is changing up its leadership playbook.

In February 2016, Brad Dickerson, the Baltimore-based footwear and apparel company’s CFO and COO, will depart to take a position outside the athletic industry, the company said.

Dickerson had been with Under Armour since 2004 and has served as CFO since 2008. In March, when the firm promoted then-COO Kip Fulks to president of footwear and innovation, Dickerson was tapped for the COO title.

“I want to take this opportunity to recognize Brad’s accomplishments and to thank him for his many contributions at Under Armour,” said Under Armour CEO Kevin Plank. “During his time at Under Armour, Brad has played an integral role in providing value for the company by building a strong team and demonstrating a core competency of accelerating growth, taking the company from pre-IPO to a multibillion-dollar global business.”

Dickerson will remain at Under Armour through a transition period that is expected to end in February while Under Armour conducts an external search for a new CFO.

“I am extremely proud of being part of this dynamic brand, specifically in driving explosive growth to nearly $4 billion in revenue this year and laying the foundation for $7.5 billion in revenue by 2018,” said Dickerson. “Over the last 11 years, Under Armour has enabled me to develop many competencies, including helping an early-stage company accelerate growth, and I am excited to utilize this expertise in the near future.  I look forward to seeing the many great things to come from this brand and will focus on helping to secure and transition a world-class CFO.”

Another recent executive change at Under Armour happened in July, when the firm brought on Terdema Ussery II, previously president and CEO of NBA franchise the Dallas Mavericks for 18 years, to serve as president of its Global Sports Categories division.

At press time, Under Armour’s share price had declined 0.8 percent, or 83 cents, to $102.52.