BALTIMORE, Aug. 6, 2018 /PRNewswire/ -- Under Armour,
Inc. (NYSE: UA, UAA) today announced that Mohamed A. El-Erian has joined the company's
Board of Directors, effective Oct. 1,
2018. Dr. El-Erian is the former CEO and co-chief investment
officer of PIMCO, a role he held from 2007 to 2014, and currently
serves as the chief economic advisor at Allianz, the corporate
parent of PIMCO.
"We're excited to welcome Mohamed to our board," said
Kevin Plank, Under Armour's chairman
and CEO. "Mohamed's renowned international, macroeconomic and
financial expertise are welcomed strengths as we lean even more
deeply into our transformation,
driving greater operational excellence, financial
discipline and shareholder returns as we continue to drive our
brand forward around the world."
In addition to his current and former roles at Allianz and
PIMCO, Dr. El-Erian is a columnist for Bloomberg and a contributing
editor at the Financial Times. He first joined PIMCO in 1999 as a
senior member of the portfolio management and investment strategy
group. In 2006, he became president and CEO of Harvard Management
Company, the entity responsible for managing the university's
endowment, before returning to PIMCO in 2007 to serve as co-CEO and
co-CIO. From 2012 to 2017, he was chair of the U.S. President's
Global Economic Development Council. Previously, he was a managing
director at Salomon Smith Barney/Citigroup in London and worked at the International
Monetary Fund for 15 years, rising to the position of Deputy
Director. He is currently Vice Chairman of the Board of the
Carnegie Endowment for International Peace, a board member of the
National Bureau of Economic Research serving on its Executive
Committee, and chairs the Microsoft Investment Advisory Committee.
Dr. El-Erian received a B.A. and an M.A. from Cambridge University, and an M.Phil and doctorate
from Oxford University.
"For more than a decade now, I've followed and admired Under
Armour as it has grown to become one of the world's
largest athletic performance brands," said Dr. El-Erian. "I'm
honored to join the board of directors and to work with a
management team that's committed to creating long-term growth and
returns for shareholders."
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland is a leading inventor,
marketer and distributor of branded performance athletic apparel,
footwear and accessories. Designed to make all athletes better, the
brand's innovative products are sold worldwide to consumers with
active lifestyles. The company's Connected Fitness™
platform powers the world's largest digitally
connected health and fitness community. For further
information, please visit www.uabiz.com.
View original content with
multimedia:http://www.prnewswire.com/news-releases/under-armour-appoints-mohamed-el-erian-to-its-board-of-directors-300692147.html
SOURCE Under Armour, Inc.