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BALTIMORE - Under Armour, Inc. (NYSE: UA, UAA), whose stock has shown recent momentum with a 9.3% gain over the past week despite a challenging six-month period, has expanded its Board of Directors with the addition of three new members, effective today. Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney have joined the sportswear company’s board, bringing a wealth of experience from the fields of finance, sports management, and investment.
Dawn N. Fitzpatrick, currently the CEO and CIO of Soros Fund Management, has a background in investment management with previous roles at UBS and its predecessors. Eugene D. Smith, with a long history in collegiate sports management at Ohio State University, has been involved in key NCAA advisory roles. Robert J. Sweeney, President of Sycamore Partners, brings his consumer and retail investment expertise to the board, having also advised Under Armour during its IPO in 2005.
The company’s Chair of the Board, Mohamed A. El-Erian, expressed confidence that the new board members’ "unique talents, insights, and passion for the brand" would be crucial for Under Armour’s future direction. The appointments come as the company continues to focus on creating value for its stakeholders and navigating the evolving athletic performance market. According to InvestingPro data, Under Armour maintains a healthy financial position with a current ratio of 2.01, indicating strong ability to meet short-term obligations.
Under Armour, known for its athletic performance apparel, footwear, and accessories, aims to empower athletes through innovation. While currently operating at a loss, InvestingPro analysis indicates analysts expect profitability to return this year. The addition of Fitzpatrick, Smith, and Sweeney to the board is expected to bolster the company’s strategic capabilities and governance as it pursues growth and market leadership. For detailed insights into Under Armour’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
The information in this article is based on a press release statement from Under Armour, Inc.
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