Dickerson will remain with the company until February

Dickerson will remain with the company until February

Under Armour CFO and COO Brad Dickerson is to step down to pursue another opportunity, after 11 years with the performance wear specialist.

Dickerson, who joined the company in 2004 – serving as CFO since 2008, and more recently gaining the title of COO earlier this year – will remain with Under Armour until February 2016 to ensure a smooth transition of leadership and responsibilities while a search for his successor gets underway. 

The group said it expects to allocate key operational duties of the COO role to the new CFO and current executive leadership team as part of the transition process.

Dickerson is credited with playing an integral role in accelerating Under Armour's growth, taking it from pre-IPO to a multi-billion dollar global business.

FBR & Co analyst Susan Anderson said of the move: "Dickerson was a valuable asset to the company, both from financial and operational management perspectives, but we believe Under Armour has sufficient talent in place to manage the departure."

"We do not believe the departure is indicative of potential issues with revenue growth or profitability and that the metrics laid out at the recent investor day remain intact."

Last month, the retailer said it expects to book revenues of US$7.5bn in 2018 – nearly double the $3.84bn it is forecasting for the current fiscal year.