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Under Armour’s CFO is stepping down

Brad Dickerson, who has made personal investments in two Baltimore startups, is stepping down in early 2016.

Under Armour's Tide Point HQ. (Photo by Algerina Perna/Baltimore Sun)

A longtime Under Armour executive will step down in early 2016, according to a statement from Baltimore’s hometown sportswear giant. Brad Dickerson is leaving to “pursue another professional opportunity outside of the athletic performance industry,” according to a statement.
Dickerson joined Under Armour in 2004, and became Chief Financial Officer in 2008. Earlier this year, he was also named Chief Operating Officer. Dickerson will leave the company in February 2016.
“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.
Under Armour plans to launch an external search for a new CFO, who will report directly to founder Kevin Plank. The new CFO will also take on some “key operational duties” of the COO.
“During his time at Under Armour, Brad has played an integral role in providing value for the company by building a strong team and demonstrating a core competency of accelerating growth, taking the company from pre-IPO to a multi-billion dollar global business,” Plank said in the statement.
Dickerson’s departure comes as Plank plans to build a massive new headquarters for the company in Port Covington.
Under Armour has dipped more into tech in recent years, acquiring a trio of fitness startups and developing an open platform for workout data. Over the last few years, Dickerson emerged as an angel investor in Baltimore startups with personal investments in NewsUp and Kinglet.

Companies: Kinglet / NewsUp / Under Armour

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