BALTIMORE, June 28,
2023 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA,
UAA) today announced a series of senior executive leadership team
changes supporting the company's Protect This House 3 (PTH3)
strategy. PTH3, announced in May, is a new set of priorities
designed to drive more consistent profitable growth and returns for
shareholders over the long term. PTH3 focuses on driving greater
global brand heat and delivering elevated design and products to
reaccelerate growth in the United
States while maintaining positive international
momentum.
As a part of these changes, Under Armour has appointed
Jim Dausch as Executive Vice
President, Chief Consumer Officer, effective July 24, and promoted Danny Miles to Executive Vice President, Chief
Technology Officer. The company also announced that Chief Operating
Officer Colin Browne plans to step
down later this autumn, and Chief Product Officer Lisa Collier will leave the company in August to
pursue other opportunities.
Appointment of Chief Consumer Officer (CCO)
"As we continue strengthening our foundation to transform Under
Armour faster by driving sharper focus and execution against PTH3,
we are delighted to welcome Jim
Dausch to our executive leadership team," said Under Armour
President & CEO Stephanie
Linnartz. "Jim is a seasoned executive with deep experience
leading transformational initiatives, including digital expansion,
global loyalty programs, and launching new businesses and brands –
I am confident that his world-class leadership will help unify our
team of extremely talented teammates to help drive the next phase
of our growth."
As Chief Consumer Officer, Dausch will lead the company's global
brand, marketing, digital engagement, and customer experience
across all commerce channels. He will report directly to CEO
Stephanie Linnartz. Dausch joins
Under Armour from Marriott International, Inc., where he currently
serves as Global Chief Product and Digital Officer, leading the
company's direct digital channels and its most significant business
transformation initiative; a multi-year program to modernize the
company's technology ecosystem to create a better customer
experience and drive more revenue. In his more than 20 years
at Marriott, Dausch has held positions across multiple disciplines,
including Sales & Marketing, Brand, Corporate Finance,
Operations, and Franchising.
Departure of Chief Operating Officer (COO)
Under Armour's Chief Operating Officer, Colin Browne will step down from his role this
autumn to pursue other opportunities. Browne joined
the company in 2016 and helped modernize Under Armour's
digital go-to-market strategy and direct-to-consumer model and
transformed its supply chain organization, leading
to significant margin improvement and operating efficiency.
Additionally, Browne was interim Chief Executive Officer from
June 2022 through February 2023.
"I would like to thank Colin for his leadership at Under Armour
and his partnership in helping lay out the foundations of PTH3,"
said Stephanie Linnartz. "Colin has
played an integral role in Under Armour's transformation,
and his leadership, among other things, played a critical role
in navigating significant supply chain challenges during the global
COVID-19 pandemic."
Instead of a COO replacement, the company has initiated a search
for a Chief Supply Chain Officer.
Updates to Technology and Product
Organizations
Additionally, the company announced that Danny Miles had been promoted to Executive Vice
President, Chief Technology Officer, reporting directly to
Linnartz. Miles joined Under Armour in 2021 and leads the company's
global IT teams, information security, enterprise data management
& analytics, enterprise architecture, technology management
& operations, corporate teammate services, enterprise
applications, and digital storefront functions.
Lisa Collier, who has served as
Under Armour's Chief Product Officer since 2020, plans to leave
Under Armour in August to pursue other opportunities. The company
has initiated an external search for a new Chief Product
Officer.
Linnartz continued, "On behalf of all of the teammates at Under
Armour, we wish Lisa the best in her future endeavors. We look
forward to continue building, evolving, and enhancing our product
lineup based on the foundations she helped establish."
Effective July 3, Dan Leraris, Under Armour's Head of Apparel,
will begin serving as the company's interim CPO.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor,
marketer, and distributor of branded athletic performance apparel,
footwear, and accessories. Designed to empower human performance,
Under Armour's innovative products and experiences are engineered
to make athletes better. For further information, please visit
http://about.underarmour.com.
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SOURCE Under Armour, Inc.
