Under Armour announced Tuesday that Chief Operating Officer and Chief Financial Officer Brad Dickerson will be stepping down from both his posts in early 2016 to pursue other opportunities outside of the athletic performance industry.
Dickerson, who has been with the company since 2004, will remain with Under Armour until February 2016 to ensure a smooth transition while the company conducts an external search for a new CFO. The new CFO will report directly to Kevin Plank, Under Armour’s founder and Chief Executive Officer. In addition, Under Armour expects to allocate key operational duties of the COO role to the new CFO and the current executive leadership team as part of the transition process.
“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,” Dickerson said in a statement. “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.”