BALTIMORE, Feb. 28, 2018 /PRNewswire/ -- Under Armour,
Inc. (NYSE: UA, UAA) today announced that Karl-Heinz (Charlie) Maurath will retire as its
Chief Revenue Officer effective March 31,
2018.
"We express our heartfelt thanks to Charlie who has played a
pivotal role in establishing Under Armour as one of the world's
largest athletic brands," said Kevin
Plank, Under Armour Chairman and Chief Executive Officer.
"Through proven and thoughtful leadership, Charlie's contributions
to building our world-class sales organization have positioned our
brand for sustainable, long-term growth. On behalf of the entire
organization, we wish him the very best in his well-earned
retirement."
Maurath joined Under Armour in September
2012 as President, International with responsibility for
growing the company's business overseas. He was named Chief Revenue
Officer in November 2015, leading all
global regions inclusive of North
America, EMEA, Asia-Pacific
and Latin America, as well as the
global Direct-to-Consumer business. During his tenure, Under Armour
successfully transitioned into a $5
billion global brand with revenue outside of North America growing at a 50% CAGR and
reaching 22% of total revenue.
"Under Charlie's direction, we have grown from an American
company selling product in other countries to a successful
international business of more than $1
billion in revenue," said Patrik
Frisk, Under Armour President and Chief Operating Officer.
"With an incredibly strong foundation, we look forward to building
on his great work as this team continues to grow our global
footprint, delivering the Under Armour experience to athletes
around the world."
The four regional leaders and the head of global retail will
report directly to Patrik Frisk upon
Maurath's departure, while Paul
Fipps, Chief Digital Officer will have oversight of the
company's global ecommerce business.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore,
Maryland is a leading innovator, marketer and distributor of
branded performance athletic apparel, footwear and accessories.
Designed to make all athletes better, the brand's innovative
products are sold worldwide to consumers with active lifestyles.
The company's Connected Fitness™ platform powers the world's
largest digitally connected health and fitness community. For
further information, please visit www.uabiz.com.
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SOURCE Under Armour, Inc.