University of Kansas

Under Armour reshuffles top management after recent struggles

Under Armour reshuffles top management after recent struggles

Struggling through its most difficult year since going public, Under Armour has lost several top executives and reshuffled management in recent months.

Such turnover is to be expected, some say, part of a restructuring designed to make the company leaner and stronger after years of rapid growth came to a sudden halt this year. Others see the recent moves as a sign of instability as the Baltimore athletic apparel brand struggles with growing pains and massive shifts in the retail market.

In June, as its troubles mounted, Under Armour hired a new president and chief operating officer who reports to Kevin Plank, the company’s founder and longtime chairman and...

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