Under Armour Inc. fell the most in almost three months after announcing the departures of two top executives, raising concern that the athletic-gear maker is losing management talent in key growth areas.
Chief Merchandising Officer Henry Stafford and Chief Digital Officer Robin Thurston will step down in July, the Baltimore-based company said Tuesday in a statement. Michael Lee, co-founder of the MyFitnessPal app, which Under Armour acquired last year, will take over the digital operations. Kip Fulks will lead merchandising on an interim basis.
