Politics is infernally tricky and. Misty Copeland, a fellow Under Armour brand ambassador and the first African-American principal dancer at the American Ballet Theatre, also spoke out, saying in an Instagram post, "Those of you who have supported and followed my career know that the one topic I've never backed away from speaking openly about is the importance of diversity and inclusion. education, transportation, technology and urban infrastructure Air freight was also used to bring goods from abroad to Under Armour. [35], Beginning in 2013,[36] Plank's real estate firm, Sagamore Development, was leading a $5.5-billion mixed-use development project in Baltimore's Port Covington area. Following his resignation from Underarm, Kevin Plank received a personal note from George W. Bush. When Kevin Plank endorsed President Donald Trump in 2017, he caused a stir. Kevin Plank and Under Armour. By joining other CEOs in quitting a White House advisory council, he may have hoped his company would finally be free of the controversy. "I won't be buying their stuff anymore. Total Compensation $1,861,433 View details: Kevin Plank Executive Chairman and Brand Chief: Total Compensation $3,036,429 View details: What is Kevin Plank worth? Since 2003, Plank has been married to Desiree Guerzon, and they have two children together in Lutherville, Maryland. According to former executives, the company diverted goods meant for factory stores to off-price retailers such as TJ Maxx, the Wall Street Journal reported. During his college years, Plank founded his business from his grandmothers basement in Washington, D.C., and has since held the position of CEO. [11] Under Armour's first shirt was the #0037, which Plank sold from his car. 21 on 50 Most Influential People in Sports Business by, No. Political parties began with the . [50] He is also responsible for the development of the Cupid's Cup business competition. Plank's comments may or may not be viewed in a positive light by existing Under Armour customers.". Under Armour has had difficulty keeping up with its competitors in recent years. "It's unfortunate that any positive commentary in today's political climate is perceived as 'all or nothing' in support for or against any particular individual and his/her politics," Moser said. He will be succeeded by chief operating officer Patrik Frisk, who joined Under Armour in July 2017 from his position as CEO of footwear and accessories company Aldo Group. He is building a 4 million-square-foot headquarters for Under. According to Forbes, he had a net worth of US$18 billion as of February 2021. Im excited to help you take your fitness to the next level! Basketball superstar Stephen CurryUnder Armours prized sneaker pitchmanmocked Trump and raised the possibility he would sever ties with the company. Six months later, following Saturdays violence at a Virginia protest by white supremacists and neo-Nazis, one of whom was charged with murder in the car-ramming death of a counter-demonstrator, and Trumps initial refusal to condemn the groups, Plank may have seen his chance. 6 on 50 Most Influential People in Sports by, No. Actor Dwayne The Rock Johnson said Planks words were divisive. Misty Copeland, the ballet icon and star of the companys womens clothing campaigns, said she strongly disagreed with the CEO. Tired of changing his perspiration-soaked cotton t-shirts . Im committed to making sure every client I work with gets the best results possible. With a minimum net worth of $2 billion, it is tougher than ever to stay on the Forbes 400. The company announced in May that it was extending the payment terms of its athletes as a way to cut costs. Kevin Plank, the CEO of Under Armour, will step down but continue to serve as the brands executive chairman and CEO. "Plank's comments on Trump came Tuesday afternoon as part of a broad interview on CNBC's "Halftime Report" about Under Armour. Bean faced boycott calls after it was reported that a granddaughter of its founder contributed to a political action committee backing Trump.Plank sits on a manufacturing advisory panel assembled by Trump that met with him the Monday after he was inaugurated. In a new interview with USA Today upon the season five premiere of his hit Paramount show Yellowstone, Costner said he has no regrets for supporting Cheney in her primary this year, as well as former presidential candidate and current Secretary of Transportation Pete Buttigieg in 2020. Thats OK.. GQ may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. [31] The farm was the home to stallion Native Dancer, who went 21 for 22 during his racing career from 1952 to 1954. [13], While at University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. According to the companys statement Friday, it expects revenue to grow between 5% and 7% in the fiscal year that ends in March. The versatile training shoe, which is also equipped with the BOA Fit System, was developed to give athletes, particularly high school and college athletes, one less thing to worry about during their busy day-to-day lives. Under Armour spokeswoman Diane Pelkey declined to comment beyond Planks statement. The jiggle-joint jaunts were just one example of a history of hostile behavior toward women at the company under Plank, according to the explosive article. [27][28], Plank is a member of the board of trustees for the National Football Foundation. He was the youngest of five boys born to William and Jayne Plank. News anchor Stephanie Ruhle isn't the only MSNBC personality with cozy ties to Under Armour CEO Kevin Plank, The Post has learned. Its a good bet hes there [], Master of Business Administration, Robert H. Smith School of Business; Bachelor of Arts/Science, University of Maryland. The president isnt popular there or in any of the big cities in that part of the country. Hillary Clinton won 60 percent of the vote statewide, and she trounced Trump in Baltimore County and City. "We have engaged with both the prior and the current administrations in advocating on business issues that we believe are in the best interests of our consumers, teammates, and shareholders," the statement said.The company, the statement said, seeks fair trade, tax reform and an "inclusive immigration policy that welcomes the best and the brightest and those seeking opportunity in the great tradition of our country. Well see how UAs does on Tuesday. [15] After graduating from Maryland, Plank searched for synthetic materials that would keep athletes dry. founder said he views President Trump as a "real asset" to his company, going on to say, "He wants to build things. Under Armour announced today that Kevin Plank, who founded the company in 1996, is stepping down from his CEO role in January and will remain as . "Trump, Plank told the network, "wants to build things. "Curry told the newspaper that he welcomed Under Armour's statement Wednesday, saying it represented the company he knows and stands with.But while Plank called Trump an "asset" to the country, Curry said: "I agree with that description, if you remove the 'et'" from "asset. 26 on Power 100 Most Influential Designers, Influencers and Leaders in the Shoe Industry by, No. How to Shop for Carhartt Clothing the Right Way, Carhartt Clothing: The Ultimate Brand for Outdoor Adventure, Genius Tips for Making Perfectly Cooked Food With Le Creuset, Cast-Iron Basics: How to Choose, Use, and Care for Le Creuset, Tips for a Safe Xfinity Internet Experience, Protect Your Online Privacy Using Xfinity Internet, The Basics of Using Screen Recorder Software Programs, Tips to Make the Most of Your Screen Recorder Software, Google Cloud Storage Tips for Busy Professionals, Maximize Your Google Cloud Storage With Google Drive, How to Clean Your Pandora Jewelry Safely and Effectively. Still, he remained on the advisory board. Plank's Trump praise might make that organic growth even harder, though it appears that Plank is aware of this. Last summer, the company cut ties with a sponsored hunter whose husband had videoed himself spearing a baited bear in Canada.While animal advocates deplored the hunt, many in the hunting community took issue with Under Armour's decision to no longer sponsor the hunter.Politics may prove much more polarizing. Since joining Under Armour, 56-year-old Frisk has played a main role in the companys turnaround plan. In the letter published by the Baltimore Sun, he wrote that his company stands for equal rights and reinvigorating American manufacturing. Daniel Acker. His father was a land developer in Virginia, and his mother, the once mayor of Kensington, worked for the Department of State during the administration of President . Mayor Scott will celebrate the rebranding at a Plank-sponsored party tonight. [1] [2] [3] A member of the Republican Party , he served as House Minority Leader from 2019 to 2023 and as House Majority Leader from 2014 to 2019 under speakers . S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Sources said Schmidt was instrumental in recommending Plank join one of President Trumps economic councils in 2017, which turned out to be a public-relations fiasco for Under Armour. All Rights Reserved. He read a speech on Monday, two days after the fighting, that singled them out. He is the founder and executive chairman of Under Armour. Powered and implemented by Interactive Data Managed Solutions. Most concerning of all to the company is the slowdown in sneakes. Under Armour chief executive Kevin Plank who got rocked last year by reports that he had presided over a frat-house culture at the athletic wear giant will step down from the role next year. Plank likened Under Armour's future success to Tom Brady's improbable Super Bowl comeback. Plank, who has been chief executive since he founded the company in 1996, will relinquish the helm at the beginning of next year. [21][22][23] Many long-term employees questioned Plank's strategy and whether the company would produce a return on their investment. I'm not going to stop using a good quality product just because they don't have the same views I have. 16 on 50 Most Influential People in Sports Business by, No. Where could Tom Brady land next, and does anybody want him? (Note: Under Armour currently manufactures virtually all of its products overseas save for a specialty factory in Maryland, used to make custom products for athletes and VIP clientele.) Remember, Plank recently joined a council alongside Tesla's Elon Musk and others to work with Trump on increasing manufacturing jobs in the United States. It is imperative to me that my partners and sponsors share this belief.". Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. Both Nike And Under Armours CEOs Are Stepping Down: Is This The End Of The Imperial And Untouchable CEO? "I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think,'" Plank said. Put simply, Under Armour has been unable to establish itself as a cool street brand. He is a male registered to vote in St Clair County, Michigan. The 46-year-old Plank is also tight with former MSNBC. "It was something they needed to do, and time will tell as we move forward as to whether it succeeds." (Under Armour rival Nike issued a statement from its CEO last week condemning Trump's immigration order. Both are married. ," he wrote at the time. Kevin Plank allowed momentarily that a whiskey business may not be the most obvious offshoot of a sportswear company. He lived in Lutherville as a resident of Georgetown before moving to Washington, DC. "Sadia Khan, a nurse and graduate student from New Haven, Conn., registered her opposition on social media. "Just because I might not agree with your side of the story, if you have a good product I'm going to keep buying it. He stepped down from the council following President Trump's comments on violence in Charlottesville, Virginia, saying Under Armour "engages in innovation and sports, not politics". Under Armour Unveils Game-Changing SlipSpeed With Collapsible Heel, Did Under Armour Fudge Its Numbers? "In this case, perception is reality. You dont need to look beyond Trumps Twitter account on Monday to see why. "The country is incredibly divided in terms of thoughts and views on politicians and leadership. [43], Plank donated $1 million through The Cupid Foundation to the Baltimore-based CollegeBound in 2016. In the sweltering Mid-Atlantic summer heat of 1995, Kevin Plank helped lead his teammates through grueling two-a-day workouts as special teams captain for the University of Maryland football program. 5 NBA players who will likely make their first All-Star appearance, ranked. But both times, Planks comments have been measured. Shares of the company were up 2.6 percent in premarket trading. Under Armour CEO Kevin Plank (center). At a time when even a perceived relationship with Donald Trump can swiftly become a PR nightmare for a brand, Under Armour 's CEO Kevin Plank has decided to endorse the President outright.. His former home, when he put it up for sale, was the most expensive home on the market in Washington, DC. "Plank was out of town and unavailable to be interviewed on Wednesday, the company said.Immigration has been a hot-button topic since Trump's executive order to suspend refugee admissions and temporarily bar visitors from seven mostly Muslim countries. Shortly after the president took office, Plank joined his White House Manufacturing Jobs Initiative in an advisory role. In 2021, Plank's net worth was estimated to be around US$1.8 billion. Who is Kevin Plank's wife? Ad Choices, Under Armour Just Endorsed President Donald Trump (Update), The 2023 Critics Choice Awards Was Chock-Full of Stone-Cold (and Coldstone), Drake Used His New Video to Reveal Himself As the Proud Owner of Pharrell's Iconic Jewelry, Every Piece of Menswear You Should Own in 2023, Up Next: Dads React to Under Amour's Steph Curry Sneakers, Kevin Abstract Talks New Album and Life After Brockhampton at the Prada Show, Seth Rogen Accessorized His Great Outfit With Yet Another Great Outfit, The Best Workout Shirts to Keep You Looking Sharp and Smelling Tolerable, The Most Chaotic Congress in Memory Is Pure Style Chaos, Too. A plank is a political partys declarations regarding the candidates opinions, goals and plans for addressing the important issues in society. star and prominent Under Amour endorser Stephen Curry responded, "I agree with that description [of Trump], if you remove the 'et" from asset. ", Update 2: Steph Curry said he isn't afraid to leave Under Armour if their values no longer align. [61], "Kevin Plank donates $1 million to Baltimore Catholic schools", "How Kevin Plank turned a single idea into a global brand", "2003 Businessperson of the year: The man behind the 'armour', "Under Armour founder gives $16 million to St. John's College High", "How the founder of Under Armour went from getting kicked out of high school to running a $22 billion company", "From rags to microfiber: inside the rapid rise of Under Armour", "WWE's Darren Drozdov thrives 15 years after being paralyzed during match", "Five finalists chosen for Kevin Plank's Cupid's Cup competition", "Taking on the giants: How Under Armour founder Kevin Plank is going head-to-head with the industry's biggest players", "Kevin Plank is betting almost $1 billion that Under Armour can beat Nike", "20 things you didn't know about Under Armour", "Under Armour founder breaks into billionaires club", "Under Armour acquires weight loss app, MyFitnessPal, for $475 million dollars", "Under Armour Buys Apps in Bid to Become Top Fitness Tracker", "Kevin Plank Is Betting Almost $1 Billion That Under Armour Can Beat Nike", "Under Armour exits yet another school sponsorship deal as part of big shrink". and While Poser doesn't believe that Under Armour is in danger of losing Curry as a brand ambassador, he cites Curry's "pointed" comments as a troubling sign for the company. 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