Under Armour has announced that Chip Molloy will join the company as its new chief financial officer on January 19. 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.
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. He has served as a senior advisor for Atlanta-based private equity firm Roark Capital Group since October 2014.
“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 of 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.”
“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,” said Molloy. “I feel privileged to have the opportunity to serve Under Armour’s customers, teammates, community and shareholders.”