Under Armour starts hunt for new CFO

A key Under Armour executive is stepping down.



Under Armour announced that its COO and CFO, Brad Dickerson, is leaving the company to pursue an unnamed opportunity outside of the athletic performance industry.



Dickerson has been with Under Armour since 2004, serving as CFO since 2008, and more recently gaining the title of COO in early 2015. He will remain with the company until February 2016 in order to ensure a smooth transition of leadership, and will continue to serve in his current roles while Under Armour conducts an external search for a new CFO.



The new CFO will report directly to Kevin Plank, Under Armour's founder CEO. The company said it expects to allocate key operational duties of the COO role to the new CFO and the current executive leadership team as part of the transition process.



"I am extremely proud of being part of this dynamic brand, specifically in driving explosive growth to nearly $4 billion in revenue this year and laying the foundation for $7.5 billion in revenue by 2018," said Dickerson. “I look forward to seeing the many great things to come from this brand and will focus on helping to secure and transition a world-class CFO."