Under Armour names Chip Molly as its new CFO

Under Armour has appointed Chip Molloy, the former CFO of PetSmart, as its new Chief Financial Officer effective 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. David Bergman, Vice President of Finance & Corporate Controller, will also play a key role in the transition.

“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 dollars in revenue by 2018," said Kevin Plank, Chairman and CEO, Under Armour.

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.