Under Armour announced that its COO and CFO, Brad Dickerson, is leaving the company to pursue an unnamed opportunity outside of the athletic performance industry.
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Dickerson has been with the company since 2004 – before Under Armour went public.
“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”, Dickerson said in a statement.
Dickerson will remain at Under Armour through a transition period that is expected to end in February while Under Armour conducts an external search for a new CFO. Dickerson became Under Armour’s CFO in 2008 and added the COO title earlier this year.
Dickerson says he is “extremely proud” of the brand which has driven its growth to almost $4 billion in 2015.
The company, which sells signature lines of sports stars such as National Basketball Association star Stephen Curry and golfer Jordan Spieth, said it would distribute duties of the COO among the new CFO and other executives as part of the transition process. He further predicted that Under Armour would drive revenue to $7.5 billion by 2018.
He also had served as Under Armour’s vice president of accounting and finance and corporate controller.
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Shares of Under Armour Inc. fell $1.70 to $101.65 in morning trading Tuesday, while broader indexes dropped slightly.
