Under Armour is growing its board to aid expansion plans internationally.
The Baltimore-based athletic firm has enlisted Karen Katz as the newest member of its board. Katz is president and CEO of Neiman Marcus Group, which counts Neiman Marcus, Bergdorf Goodman and Mytheresa.com among its holdings.
“Karen brings a wealth of retail knowledge and a keen understanding of the customer shopping experience across channels,” Kevin Plank, Under Armour’s chairman and CEO, said in a statement. “With her experience leading an iconic retailer known internationally for luxury brands and superior service, Karen will be a great asset to our board as we continue to expand.”
Katz, who joined Neiman Marcus in 1985, noted that she has admired Plank from afar.
“He has assembled an impressive team,” she said in the statement. “I am honored to join the Under Armour board and look forward to seeing how a founder and CEO operates a dynamic and fast-growing company known for innovation and its competitive edge.”
The athletic company, which has been focused on growing its female business of late, raised its yearly net revenue outlook in July, following a 34 percent increase in the second quarter of 2014.
Under Armour is expected to report third-quarter results next week.