Home / Knowledge / News / Apparel/Garments / Under Armour appoints Chip Molly as new CFO
Under Armour appoints Chip Molly as new CFO
23
Dec '15
Under Armour, manufacturer of performance footwear, apparel, and equipment, has appointed Chip Molloy as its new chief financial officer on January 19, 2016.

To help ensure a smooth transition, 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 organisation, David Bergman, vice president of finance & corporate controller, will also play a key role in the transition.

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 2014 and has served on a number of public company boards of directors, according to a press release.

He is a native of Maryland and a graduate of the US 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.

Molloy said, “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.”

Kevin Plank, chairman and CEO, Under Armour said, “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 US$7.5 billion in revenue by 2018. 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.” (GK)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search