Chip Molloy, the former CFO of PetSmart Inc., will join Under Armour as its new CFO on Jan. 19, 2016.
The Baltimore-based footwear and apparel company’s CFO and COO Brad Dickerson announced in October that he would leave the firm in February to accept the CFO role at recipe delivery service Blue Apron.
To ensure a smooth transition, Dickerson and Molloy will work closely together until Dickerson’s exit, the company said. David Bergman, VP of finance and corporate controller, will also play a key role in the transition, Under Armour noted.
“Under Armour is a growth company with a dynamic senior leadership team, and we are excited for Chip Molloy to help drive the business on the road to $7.5 billion in revenue by 2018,” said Under Armour Chairman and CEO Kevin Plank in a release. “Chip’s success and experience as a public company CFO, his financial expertise and his outstanding leadership qualities will be an invaluable addition to the team.”
Molloy served as EVP and CFO for PetSmart from 2007 until 2013.
“It is extremely exciting to join a company that has not only been phenomenally successful, but also has the potential for significant growth for many years to come,” Molloy said in a statement. “I feel privileged to have the opportunity to serve Under Armour’s customers, teammates, community and shareholders.”
Under Armour has been an investor and consumer top pick in 2015. The company recently reported its first billion-dollar quarter and has nabbed tons of headlines for its high-profile endorsement deals with NBA superstar Stephen Curry, pro golfer Jordan Spieth and principal ballerina Misty Copeland.
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