UNDER ARMOUR APPOINTS DAWN N. FITZPATRICK, EUGENE D. SMITH, AND ROBERT J. SWEENEY TO ITS BOARD OF DIRECTORS

Rhea-AI Summary

Under Armour (NYSE: UA) has announced three new additions to its Board of Directors effective April 15, 2025: Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney. Fitzpatrick brings extensive financial expertise as CEO and CIO of Soros Fund Management, with a 25-year background at UBS. Smith contributes significant sports management experience from his role as Senior Vice President and Athletic Director at Ohio State University (2005-2024). Sweeney adds retail and consumer sector expertise as President of Sycamore Partners and former Goldman Sachs partner.

The appointments expand Under Armour's board to twelve members, including existing directors like Mohamed A. El-Erian (Board Chair) and founder Kevin A. Plank. The new directors are expected to help navigate Under Armour's next chapter in creating value for athletes, customers, shareholders, and teammates.

Positive

• Addition of high-profile executives with diverse expertise in finance, sports management, and retail
• Strengthened board oversight with Fitzpatrick's investment management experience
• Enhanced sports industry connections through Smith's extensive NCAA background
• Valuable retail and consumer sector expertise from Sweeney's private equity background

Negative

• None.

BALTIMORE, April 15, 2025 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) announced today that, effective April 15, Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney will join the company's Board of Directors.

"Dawn and Rob's extensive financial and operational expertise, combined with Gene's deep knowledge of intercollegiate sports management, makes them exceptional additions to our board," said Mohamed A. El-Erian, Chair of the Board at Under Armour. "As we pursue our strategy to create greater value for Under Armour's athletes, customers, shareholders, and teammates, their unique talents, insights, and passion for the brand will be invaluable for navigating our next chapter."

Effective April 15, Under Armour's Board will include Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, Dawn N. Fitzpatrick, David W. Gibbs, Karen W. Katz, Eric T. Olson, Kevin A. Plank, Eugene D. Smith, Robert J. Sweeney, and Patrick W. Whitesell.

About Dawn N. Fitzpatrick

Since 2017, Ms. Fitzpatrick has been the Chief Executive Officer and Chief Investment Officer of Soros Fund Management, LLC, a privately held investment management firm. Before joining Soros in 2017, she spent 25 years at UBS and its predecessor organizations, where she most recently served as Head of Investments for UBS Asset Management and was a member of the UBS Asset Management Executive Committee. Earlier, she held several positions at the UBS O'Connor hedge fund business, including Chief Executive Officer and Chief Investment Officer. Ms. Fitzpatrick serves as a non-executive director of Barclays plc and serves on its Remuneration, Risk, and Sustainability Committees. Additionally, she serves on the Federal Reserve Bank of Dallas Financial Sector Advisory Council, where she is Chair, the Advisory Council of The Bretton Woods Committee, and the Bloomberg New Economy Advisory Board. She previously completed a six-year term on the Investor Advisory Committee on Financial Markets at the Federal Reserve Bank of New York. Ms. Fitzpatrick earned her bachelor's degree from the Wharton School of Business at the University of Pennsylvania, where she ran track and cross country.

About Eugene D. Smith

Mr. Smith served as Senior Vice President and Athletic Director at Ohio State University from 2005 to 2024. Throughout his tenure, he co-chaired the NCAA's Federal-State Legislative Working Group, which advised the NCAA on name, image, and likeness issues, chaired the 2011 NCAA Men's Basketball Committee and was a member of the College Football Playoff Selection Committee. Additionally, he participated in the NCAA's Management Council, the Committee on Infractions, the Executive Committee, the Football Rules Committee, and the President's Commission Liaison Committee. As the first Black president of the National Association of Collegiate Directors of Athletics (NACDA) and a former president of the Division I-A Athletics Directors Association, Smith was the Director of Athletics at Arizona State from 2000 to 2005, at Iowa State from 1993 to 2000 and at Eastern Michigan from 1986 to 1993. He played football as an undergraduate at Notre Dame, where he was a defensive end on the 1973 national championship team and earned a bachelor's degree in business administration. After graduation, he joined the coaching staff at Notre Dame and contributed to the Irish victory in the 1977 national championship.

About Robert J. Sweeney

Since 2019, Mr. Sweeney has served as the President of Sycamore Partners, a private equity firm focused on consumer, distribution, and retail-related investments. Before joining Sycamore Partners, he spent 22 years at Goldman Sachs, most recently as a partner and Global Head of the Consumer/Retail Investment Banking Group. During his tenure at Goldman Sachs, he provided advisory support to Under Armour on various matters, including the company's initial public offering in 2005. Mr. Sweeney served as an officer in the U.S. Navy's Submarine Force from 1989 to 1995, holding various roles aboard the USS Annapolis and at the Submarine Officer Advanced Course training command. He graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree and MBA, and he was recognized as a Palmer Scholar.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/under-armour-appoints-dawn-n-fitzpatrick-eugene-d-smith-and-robert-j-sweeney-to-its-board-of-directors-302428276.html

SOURCE Under Armour, Inc.

FAQ

Who are the three new board members appointed to Under Armour (UA) in April 2025?

Dawn N. Fitzpatrick (Soros Fund Management CEO), Eugene D. Smith (former Ohio State Athletic Director), and Robert J. Sweeney (Sycamore Partners President) joined UA's board effective April 15, 2025.

What is Dawn Fitzpatrick's background before joining Under Armour's board?

Fitzpatrick has been CEO and CIO of Soros Fund Management since 2017, and previously spent 25 years at UBS, where she served as Head of Investments for UBS Asset Management.

What experience does Eugene Smith bring to Under Armour's board?

Smith served as Senior VP and Athletic Director at Ohio State University (2005-2024) and has extensive experience in collegiate sports administration, including roles on NCAA committees.

How many members are now on Under Armour's board of directors?

Following these appointments, Under Armour's board consists of twelve members, including the three new directors effective April 15, 2025.

What is Robert Sweeney's connection to Under Armour's history?

Sweeney provided advisory support to Under Armour during his time at Goldman Sachs, including assistance with the company's initial public offering in 2005.