Chip Molloy has joined Under Amour as CFO. Molloy is the former CFO of PetSmart Inc. Under Armour’s current CFO Brad Dickerson will remain with the company in an advisory capacity through February.
BALTIMORE, Dec. 22, 2015 /PRNewswire/ — Under Armour (NYSE: UA) today announced that Chip Molloy, the former Chief Financial Officer of PetSmart, Inc., will join Under Armour as its new Chief Financial Officer on January 19, 2016. To help ensure a smooth transition, Mr. Molloy will work closely with the company’s current CFO Brad Dickerson, who will remain with the company in an advisory capacity through February. A seasoned member of Under Armour’s accounting and finance organization, David Bergman, Vice President of Finance & Corporate Controller, will also play a key role in the transition.
Mr. Molloy comes to Under Armour with significant financial executive experience in the consumer retail sector. He served as EVP and CFO for PetSmart from 2007 until 2013, where in 2011 he was named Institutional Investor’s CFO of the Year for Specialty Retail. Most recently he served as a Senior Advisor for Atlanta-based private equity firm Roark Capital Group since October 2014and has served on a number of public company boards of directors.
Mr. Molloy is a native of Maryland and a graduate of the U.S. Naval Academy in Annapolis. He graduated from Navy Fighter Weapons School or “Top Gun” and served 10 years as a navy fighter pilot. He also earned an MBA from the Darden Graduate School of Business at the University of Virginia.
“It is extremely exciting to join a company that has not only been phenomenally successful, but also has the potential for significant growth for many years to come. I feel privileged to have the opportunity to serve Under Armour’s customers, teammates, community and shareholders,” said Mr. Molloy.
“Under Armour is a growth company with a dynamic senior leadership team, and we are excited for Chip Molloy to help drive the business on the road to $7.5 billion in revenue by 2018,” said Kevin Plank, Chairman and CEO, Under Armour. “Chip’s success and experience as a public company CFO, his financial expertise and his outstanding leadership qualities will be an invaluable addition to the team.”
About Under Armour, Inc.
Under Armour (NYSE: UA), the originator of performance footwear, apparel and equipment, revolutionized how athletes across the world dress. Designed to make all athletes better, the brand’s innovative products are sold worldwide to athletes at all levels. The Under Armour Connected Fitness™ platform powers the world’s largest digital health and fitness community through a suite of applications: UA Record, MapMyFitness, Endomondo and MyFitnessPal. The Under Armour global headquarters is in Baltimore, Maryland. For further information, please visit the Company’s website at www.uabiz.com.
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