Chief Operating Officer Brad Dickerson, who also serves as the brand’s Chief Financial Officer, is resigning from the athletic-apparel maker next year. He leaves Founder Kevin Plank without an executive, who helped fuel the company’s rapid growth. He is staying with the apparel brand until February last year. Under Armour will be carrying out an external search for a new CFO, whilst Dickerson’s operational duties will be shared amongst the current leadership team as well as to the new CFO.
Dickerson’s new position has not been disclosed, but he has said it is outside of the athletic-apparel industry and will use his expertise in helping an early-stage company accelerate its growth. Dickerson helped lead Under Armour through its expansion, having joined in 2004. The company generated $3.08bn in revenue last year, which is ten times its sales from 2004.