(Filed Under wholesale Activewear News). Wayne Marino, chief operating officer of activewear company Under Armour, Inc., announced his retirement.
Marino, who served as C.O.O. for eight years and held down the chief financial officer position before that, will remain on the executive team and transition out of his daily responsibilities over the next six months. He will be succeeded by Kip Fulks, executive vice president of product.
"Wayne has made significant contributions to the Under Armour brand and has been a true leader in the development of an operational platform to support a multibillion-dollar global business," said Under Armour founder and C.E.O. Kevin Plank. "I have asked Kip, a tested leader at our company with great instincts and proven results in managing growth in product and supply chain, to take on additional responsibility and further align our product and sourcing areas to take the brand and our business to the next level."
In addition to C.O.O. duties, Fulks will be responsible for sourcing and information technology and will spearhead a search for additional senior management.
Under Armour’s activewear, footwear and accessories lines are sold in over 20,000 stores worldwide.
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