BALTIMORE, Dec. 21,
2022 /PRNewswire/ -- Under Armour, Inc.
(NYSE: UA, UAA) today announced that Stephanie Linnartz will join the company as
President, Chief Executive Officer, and member of its Board of
Directors, effective February 27,
2023. Her appointment follows a thorough and deliberate
search led by a committee of independent members of Under Armour's
Board of Directors.
Linnartz currently serves as the president of Marriott
International, Inc. (NASDAQ: MAR), the world's largest hospitality
company, with a portfolio of nearly 8,200 properties across 138
countries and territories and 30 brands, including The
Ritz-Carlton®, St. Regis®, Marriott
Hotels®, W® Hotels, and Westin® as
well as the industry's most extensive customer-loyalty program,
Marriott Bonvoy®, which has 173 million members.
"As a 25-year veteran of one of the world's most respected
global companies, we are thrilled to welcome Stephanie to the
brand," said Kevin Plank, Under
Armour Executive Chair and Brand Chief. "She is a proven growth
leader with a distinguished track record of brand strategy,
omnichannel execution, talent acquisition and development, and
passion for driving best-in-class consumer connectivity,
experience, and brand loyalty."
Plank continued, "Responsible for leading Marriott's
multi-billion dollar digital transformation, driving scale through
continuous brand innovation across the portfolio, developing
premier sports league and team partnerships, while architecting the
extraordinary growth of its loyalty program – the board is
confident that Stephanie – along with our leadership team and all
of our key stakeholders – will accelerate our ability to realize
the substantial opportunities for Under Armour as both an operating
company and aspirational brand."
Upon Linnartz joining the company, Colin
Browne, who has served as interim President and CEO since
June 2022, will continue in a
leadership role by resuming his position as Chief Operating
Officer.
Plank commented, "Colin is a world-class industry professional
and has done a terrific job leading throughout the
transition. Highlights include refining our long-term strategy
by tripling our total addressable market, validating the renewed
growth fundamentals necessary to establish sector leadership,
and championing our UA team culture. The board and the entire
organization are grateful for his continued leadership and are
fortunate to have such an important partner for Stephanie."
Linnartz said, "Under Armour is an iconic brand with a huge
opportunity ahead. This company has immense energy and excitement,
and I am committed to building growth while maintaining operational
excellence. I look forward to joining the incredible UA team,
partnering with Kevin and the board, and leading this amazing
company into its next chapter, delivering for athletes, teammates,
customers, and shareholders."
Stephanie Linnartz – Additional
Background
Linnartz has served as President of Marriott International, Inc.
since 2021. In this role, she is responsible for providing
strategic leadership for all aspects of Marriott's global strategy,
including brand management, sales (including e-commerce),
marketing, revenue management, customer engagement, information
technology, digital functions, and emerging businesses. She also
oversees the company's Marriott Bonvoy® loyalty
platform, global hotel development, operations services, and design
organizations, and its progress on issues, including the
intersection of technology and hospitality and environmental
sustainability. She is currently leading a significant
technology transformation program to deliver a better customer
experience, drive more topline revenue, and support more efficient
operations. She has also developed successful multi-year marquee
partnerships with the NFL, NCAA, and the Mercedes-AMG PETRONAS F1
Team. From 2020 to 2021, she served as Group President, Consumer
Operations, Technology & Emerging Businesses and as Executive
Vice President and Global Chief Commercial Officer from 2013 to
2019. Before that, she held various executive roles in sales,
marketing, and finance.
Linnartz is a member of The Home Depot's Board of Directors, the
world's largest home improvement specialty retailer with
approximately 2,300 stores and 500,000 associates. Linnartz has
been recognized for her industry leadership, including being named
to the Forbes CEO Next 2021 list. She is also a member of the
Fortune CEO Initiative, a forum of global corporate leaders
committed to addressing major social issues.
About Under Armour,
Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor,
marketer, and distributor of branded athletic performance apparel,
footwear, and accessories. Designed to empower human performance,
Under Armour's innovative products and experiences are engineered
to make athletes better. For further information, please visit
http://about.underarmour.com.
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occurrence of unanticipated events.
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SOURCE Under Armour, Inc.