Under Armour Inc. on Tuesday said Brad Dickerson, the sports-equipment company's chief operating officer and chief financial officer, will step down in February.
Mr. Dickerson, who has been CFO since 2008 and who also took on the COO job earlier this year, is leaving to pursue an opportunity outside of the athletic performance industry, Under Armour said.
The company is conducting an external search for a new CFO and said it would allocate COO duties to the new CFO, as well as to other executives. Mr. Dickerson will help with the transition, the company said.
The Baltimore-based company has been growing by endorsing sports stars and acquiring fitness companies, in addition to opening new offices abroad. In its latest quarter, Under Armour reported a 29% jump in revenue, aided by its backing of sports stars including the National Basketball Association's most valuable player, Stephen Curry, golfer Jordan Spieth, who won this year's Master's and U.S. Open tournaments on the PGA Tour, and ballerina Misty Copeland. Profit declined 16%, though, thanks to the impacts of acquisitions.
Shares in the company, up 49% this year, declined 2.4% to $100.85 in early trading.
Write to Lisa Beilfuss at email@example.com