Home Team apparel UNDER ARMOR ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM

UNDER ARMOR ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM

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BALTIMORE, October 5, 2022 /PRNewswire/ — Under Armour, Inc. (NYSE: AU, UAA) today announced that effective October 24, David Baxter and Mehri Shadman will join its management team. Baxter is set to assume a regional leadership role as President of the Americas, succeeding Stephanie Pugliawho will step down and leave the company. Puglia will remain until early 2023 to support Baxter’s transition. Shadman was appointed Legal Director and Corporate Secretary as John Stanton, AU current General Counsel, has decided to retire at the end of 2022 after 16 years of service.

“We are thrilled to recognize the talent that David and Mehri bring to our business,” said Colin Browne, interim president and CEO of Under Armour. “With deep market knowledge and exceptional expertise, we look forward to their proven leadership qualities to help build our next chapter of growth.”

Browne continued, “As one of our longest serving executives, we would like to congratulate John on his retirement and thank him for his many contributions to UA, including building our legal function from a small team following our initial public offering to a world-class global company.We also thank Stephanie for her contributions to Under Armor over the past three years, particularly her leadership of our largest region in a highly uncertain retail environment.

Prior to joining Under Armor in 2020 as Senior Vice President, Americas Wholesale, David Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. Previously, he served as Vice President of the Sport Performance Division of adidas America from 2010 to 2014, where he led North American Product Strategies and marketing. Prior to that, Baxter oversaw adidas and Reebok’s licensed athletic activities with major US professional sports leagues. For nine years prior to this role, Baxter held various leadership positions at Reebok, including time spent in their field and sports licensed divisions.

Mehri Shadman brings over 15 years of experience providing legal advice both in-house and in private practice. Currently Assistant General Counsel, Corporate and Risk, and Deputy Corporate Secretary, she spent nine years at Under Armor advising its Board of Directors and executives on large and complex corporate issues. She currently oversees corporate, global ethics and compliance, data privacy and enterprise risk management functions. In her new role, she will oversee the company’s global legal function and serve as Corporate Secretary. Prior to Under Armour, Shadman began her career as an associate at Fried, Frank, Harris, Shriver & Jacobson LLP, a renowned global law firm, in its capital markets practice.

About Under Armour, Inc.

Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded sportswear, footwear and accessories. Designed to empower human performance, Under Armour’s innovative products and experiences are designed to make athletes better. For more information, please visit http://about.underarmour.com.

SOURCEUnder Armour, Inc.