Athletic wear maker Under Armour has tapped Clay Dean as its new chief innovation officer, assuming responsibility for global strategy and collaboration between the design, marketing, product and category management teams. 

Dean will be based at Under Armour's global headquarters in Baltimore, Maryland, and will report to Kevin Haley, president of category management and innovation.

"Clay brings a unique perspective to Under Armour and deep roots in design, manufacturing and innovation that will be critical in guiding how we make and deliver products now and in the future," says Haley. "At Under Armour, a relentless pursuit of innovation is at the core of everything we do. Adding Clay's proven expertise further validates our commitment to meaningfully advance our ability to bring category-defining products and technology to our consumers."

Dean joins Under Armour after a tenure of more than twenty years at General Motors.

Shares in Under Armour slumped 26% in January as the company posted a slowdown in fourth-quarter revenue growth, lowered its full-year outlook and announced the departure of its CFO after just 13 months.

Under Armour growth hits a bump in the road