Under Armour appoints two new members to its board

Under Armour Inc. has appointed a Turner Broadcasting System executive and a top retired naval officer to its board of directors, the Baltimore-based sports apparel company said Wednesday.

The appointments of Brenda Piper, chief marketing officer for the animation, young adult and children's media group for cable giant Turner, and Admiral Eric Olson, former head of the U.S. Special Operations Command, take effect July 1.

Piper, a veteran brand marketing executive, also has served in executive and management roles with MTV Networks, ABC Radio Networks, Frito-Lay and Pepsi-Cola.

Olson is president and managing member of ETO Group LLC, a national security consulting firm based in Tampa, Fla. He previously served as head of mission readiness for Army, Navy, Air Force and Marine Corps special operations forces.

The two directors will fill two new Under Armour board seats, bringing the number of directors to 10. Both will be paid an initial award of restricted stock units, valued at $100,000 as of July 1 and vesting in three equal annual installments, the company said in a U.S. Securities and Exchange Commission filing. Both directors also will receive an annual restricted stock unit award, valued at $62,500 as of July 1, the SEC reported.


Copyright © 2018, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad