A day after Under Armour reported its first quarterly sales decline since it went public in 2005, the sports apparel maker said two of its top executives will leave the company.
Andy Donkin, chief marketing officer, and Pam Catlett, senior vice president and general manager of the women’s and youth categories, will leave later this month, the company said.
“We have mutually agreed to part ways,” Under Armour said in a statement about their departure.
Donkin came to Under Armour in August 2016 from Amazon, where he had been a marketing executive. At that time, Under Armour had announced leadership changes, including appointing Kip Fulks, founder Kevin Plank's first partner, to a new role of chief product officer.
In June, after the brand brought in Patrik Frisk as company president and chief operating officer, Donkin became one of five executives reporting to the new president. Last month, Under Armour said Fulks, who had taken on the role of strategic adviser, is taking a sabbatical.
Catlett had worked for Under Armour for more than two years.
News of the departures came after the company on Tuesday posted disappointing financial results for the July-to-September quarter. Sales slid 4 percent to just over $1.4 billion, amid intense competition, shifting fashion preferences and growing pains. The brand slashed projections for sales and earnings for the year, sending shares down to a four-year low.
On Wednesday, Under Armour shares retreated another 3.75 percent, falling to $12.05 each.