Under Armour has announced in a press release that high ranking executive Brad Dickerson will be stepping down from his role at the company.
Dickerson has served as the CFO since 2008 and the COO since early this year; prior positions at the company include vice president of finance and accounting and corporate controller. The company states that he will “pursue another professional opportunity,” but does not hint at what that opportunity might be aside from saying that it’s not in the athletic performance industry.
He plans to remain with Under Armour (UA) until February 2016, and in the meantime the company will perform an external search for a replacement. The new CFO will report directly to Under Armour CEO Kevin Plank, and COO duties will be distributed among executives, including the new hire.
In the company’s statement, Dickerson spoke to his time at Under Armour:
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. 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.