U.S. Under Armour Appoints New CFO
Under Armour announced on December 22, 2015 that Chip Molloy, the former Chief Financial Officer of PetSmart, Inc., will join Under Armour as its new Chief Financial Officer on January 19, 2016
To help ensure a smooth transition, Molloy will work closely with the company’s current CFO Brad Dickerson, who will remain with the company in an advisory capacity through February. A seasoned member of Under Armour’s accounting and finance organization, David Bergman, Vice President of Finance & Corporate Controller, will also play a key role in the transition.
Molloy comes to Under Armour with significant financial executive experience in the consumer retail sector. He served as EVP and CFO for PetSmart from 2007 until 2013, where in 2011 he was named Institutional Investor’s CFO of the Year for Specialty Retail. Most recently he served as a Senior Advisor for Atlanta-based private equity firm Roark Capital Group since October 2014 and has served on a number of public company boards of directors.
Molloy is a native of Maryland and a graduate of the U.S. Naval Academy in Annapolis. He graduated from Navy Fighter Weapons School or “Top Gun” and served 10 years as a navy fighter pilot. He also earned an MBA from the Darden Graduate School of Business at the University of Virginia.
“It is extremely exciting to join a company that has not only been phenomenally successful, but also has the potential for significant growth for many years to come. I feel privileged to have the opportunity to serve Under Armour’s customers, teammates, community and shareholders,” said Mr. Molloy.
“Under Armour is a growth company with a dynamic senior leadership team, and we are excited for Chip Molloy to help drive the business on the road to USD 7.5 billion in revenue by 2018,” said Kevin Plank, Chairman and CEO, Under Armour. “Chip’s success and experience as a public company CFO, his financial expertise and his outstanding leadership qualities will be an invaluable addition to the team.”
Under Armour, the originator of performance footwear, apparel and equipment, revolutionized how athletes across the world dress. Designed to make all athletes better, the brand’s innovative products are sold worldwide to athletes at all levels. The Under Armour Connected Fitness(TM) platform powers the world’s largest digital health and fitness community through a suite of applications: UA Record, MapMyFitness, Endomondo and MyFitnessPal. The Under Armour global headquarters is in Baltimore, Maryland.
Former American Montforts President joins Navis Tubetex Marshall & Williams stenter business unit
Navis TubeTex, a leading supplier of high technology finishing machinery to the global textile industry, has announced that Joe Okey, formerly president of American Monforts, has joined the company’s Marshall & Williams (MW) stenter business unit.
Marshall & Williams has been producing stenters for over 95 years. The company was acquired by Navis TubeTex in 2000. The company has made significant investments in the Marshall & Williams product line in recent years, including launching the new “N-Dura” model.
Joe Okey commented: “Marshall & Williams has an outstanding reputation in the stenter business and with the launch of the new N-Dura model, the business is growing very rapidly. I am very excited to join the team at Navis TubeTex and contribute to the success of the MW product line.”
According to David Russell, director of the MW stenter business unit, “Joe Okey has a great reputation in the industry for his integrity and knowledge of the finishing process. We are fortunate to get someone with his experience on our team.”
Navis TubeTex President and CEO Will Motchar added: “Our stenter business is exploding right now, particularly in the technical and nonwoven areas. I know that Joe will make a great addition to our team and help us grow this important business unit. His confidence in our strategy and capabilities speaks volumes to our customers.”
Schoeller Textil USA with new West Coast Sales Manager
Schoeller Textil U.S.A. announced the addition of Fawn Knadler to the U.S. team as the new West Coast Sale Manager
Knadler brings detailed knowledge of fabric development, apparel lifecycle development as well as sales and distribution. She most recently held the position of Merchandising Manager for Apparel and Outerwear at Mervin Manufacturing serving the famous Lib Tech and Gnu brands. It was an exciting period at Mervin with Mervin ownership shifting from QuikSilver to Altamonte Capital. Previously, Knadler was Director of Sales for Spacecraft and was also a Project Manager for Utility Inc. where she worked with established as well as emerging outdoor companies.
“I am very pleased that Fawn will be joining the Schoeller family and bring her many business skills and talents to her new position as West Coast Sales Manager,” said Stephen Kerns, President of Schoeller USA. “I am confident she will make great contributions to our continued global growth.”
Fawn Knadler will be officially joining Schoeller Textil USA on January 1, 2015 and will be based in Seattle. “I am a long-time fan of Schoeller,” said Ms. Knadler. “The innovation and passion behind the textiles is something that has always resonated with me and I am really looking forward to being part of the global company that inspires design and is so well respected.”
Schoeller Textil USA encompasses Schoeller Textil AG and Schoeller Technologies AG and is dedicated to offering textile solutions for a wide-range of applications including the emerging wearable technologies market.
“It is a pleasure to welcome Fawn Knadler to our team. Her experience combined with her excellent customer relations means she is a great addition to our US team,” remarked Siegfried Winkelbeiner, CEO of Schoeller AG.
In addition to her diverse experience in the apparel world, Knadler and her family chase surf and adventure in the mountains fulfilling a mutual love of board sports.
During Outdoor Retailer Winter Market January 7-10, 2016 in Salt Lake City, she has been meeting with customers at the Schoeller booth.
Schoeller Textil USA is a subsidiary of Schoeller Textil AG, which was founded in 1867. Based in Sevelen, Switzerland, the internationally operating company is privately owned and operated and specializes in the development and manufacturing of innovative technical fabrics and smart textile finishing technologies.