Wayne Marino is retiring as chief operating officer of Under Armour Inc., and will be succeeded in that role by Kips Fulks, executive vice president of product. Fulks, who will retain oversight of the company’s apparel, footwear and accessories, will now be responsible for sourcing and information technology as well.
Marino, who has been with Under Armour for eight years as chief operating officer and, prior to that, chief financial officer, will transition out of his day-to-day role over the next six months and will remain on the executive team.
“Wayne has made significant contributions to the Under Armour brand and has been a true leader in the development of an operational platform to support a multibillion-dollar global business. I value our friendship and partnership over the years and thank him for his unwavering commitment and service to the brand,” said Kevin Plank, chief executive officer and founder of Under Armour. “I have asked Kip, a tested leader at our company with great instincts and proven results in managing growth in product and supply chain, to take on additional responsibility and further align our product and sourcing areas to take the brand and our business to the next level.”
Fulks will undertake a search for additional senior management, including a newly created chief supply chain officer position to oversee sourcing, logistics, and distribution.
Additionally, the company has named board member Chip Adams to the new position of chief performance officer with primary responsibility for developing the company-wide business strategy, organizational alignment and processes. Adam Peake has been promoted to senior vice president of U.S. sales.