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UNDER ARMOUR INC (UAA)
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Under Armour : Announces New Senior Management Additions In Europe And Communications

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12/11/2017 | 11:16pm CET

BALTIMORE, Dec. 11, 2017 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced two new additions to its senior management team. These appointments will support Under Amour's focus on growing and scaling its international business and broadening its expertise in strategic, global communications.

"We are excited to add two talented senior executives to our bench, further strengthening our ability to build the Under Armour brand globally," said Under Armour Chairman and CEO Kevin Plank. "Massimo and Kelley bring unique combinations of strategic expertise and vision to their respective roles. I look forward to their leadership and contribution as we enter our next chapter of growth."

Massimo Baratto Named Vice President and Managing Director Europe

Massimo Baratto will join Under Armour as Vice President and Managing Director of its European business, reporting to Chief Revenue Officer Charlie Maurath. Responsible for driving profitable growth, brand awareness and cultivating strategic partnerships in Europe, he will be based in Amsterdam.

Baratto brings nearly 30 years of international experience from a variety of industries, brands and regions. Most recently, he served as CEO of the Oberalp Group, the Italian-based owner of Dynafit, Pomoca, Salewa and Wild Country and international distributor of Under Armour, Speedo, Fischer, Spyder, Barts and Rip Curl. Since joining Oberalp in 2001, he served in various senior management roles, leading its portfolio of outdoor footwear, apparel and equipment brands. Prior to Oberalp, Baratto served in managing director roles for food and snack companies ZUEGG and UNICHIPS, respectively.

Kelley McCormick Appointed Senior Vice President, Corporate Communications

Kelley McCormick will join Under Armour in a newly created position as Senior Vice President of Corporate Communications. As a member of the company's executive team and a direct report to Plank, McCormick will lead the strategic visioning and execution for UA's global corporate communications including corporate media relations and employee communications. She will be based at the company's global headquarters in Baltimore.

McCormick has successfully led complex campaigns for numerous corporate and non-profit organizations. She has more than 20 years of high-level strategic experience in corporate affairs, brand and reputation management, and public policy initiatives for leading companies in the consumer packaged goods, news and entertainment, biopharmaceutical, and food and beverage industries. She was most recently managing director at SKDKnickerbocker, an award-winning strategic communications agency.

About Under Armour Inc.

Under Armour, Inc., headquartered in Baltimore, Maryland is a leading innovator, marketer and distributor of branded performance athletic apparel, footwear and accessories. Designed to make all athletes better, the brand's innovative products are sold worldwide to consumers with active lifestyles. The company's Connected Fitness™ platform powers the world's largest digitally connected health and fitness community. For further information, please visit www.uabiz.com.

Cision View original content:http://www.prnewswire.com/news-releases/under-armour-announces-new-senior-management-additions-in-europe-and-communications-300569742.html

SOURCE Under Armour, Inc.


© PRNewswire 2017
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Financials ($)
Sales 2017 4 922 M
EBIT 2017 152 M
Net income 2017 118 M
Debt 2017 709 M
Yield 2017 -
P/E ratio 2017 67,09
P/E ratio 2018 44,83
EV / Sales 2017 1,43x
EV / Sales 2018 1,38x
Capitalization 6 349 M
Chart UNDER ARMOUR INC
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Under Armour Inc Technical Analysis Chart | UAA | US9043111072 | 4-Traders
Technical analysis trends UNDER ARMOUR INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 13,5 $
Spread / Average Target -11%
EPS Revisions
Managers
NameTitle
Kevin A. Plank Chairman & Chief Executive Officer
Patrik Frisk President & Chief Operating Officer
David E. Bergman Chief Financial & Accounting Officer
Paul Fipps Chief Technology Officer
Douglas E. Coltharp Independent Director
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