News Release

07.02.2018

Under Armour Strengthens Regional Structure With New Executive Management Appointments And Asia Pacific Headquarters In Hong Kong

BALTIMORE, July 2, 2018 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced the appointments of Jason Archer as managing director, Asia Pacific; Manuel Ovalle as managing director, Latin America; and Massimo Baratto as managing director, Europe, Middle East & Africa. Additionally, the company announced that its Hong Kong office will be expanded to serve as its Asia Pacific (APAC) headquarters.

"Today's actions support our commitment to becoming a more operationally excellent company capable of supporting the global potential of the Under Armour brand," said Under Armour president and chief operating officer Patrik Frisk. "As we work to scale our international business, we remain focused and measured in our evolution across our entire portfolio to ensure that we are driving toward long-term return for our shareholders."

Jason Archer - Managing Director, Asia Pacific

Jason Archer has been named managing director, APAC with direct oversight of the company's operations in Australia, China, India, Japan and South Korea, among others. In Mr. Archer's six-year tenure at Under Armour, he significantly transformed the company's international financial and operating structure under Charlie Maurath, its former chief revenue officer who retired in March. In 2016, he became vice president and managing director, with primary oversight of the company's Latin American business. Prior to Under Armour he spent 11 years with adidas in Latin America and six years with PwC on assignments in Canada and Europe.

Erick Haskell, who joined Under Armour in 2015 as managing director, Greater China plans to leave the company later this month to pursue a new opportunity. Frisk added, "We are grateful for Erick's leadership and the strong foundation he set over the past few years, which has positioned us for strong, balanced growth as we enter our next chapter in this important region."

Manuel Ovalle - Managing Director, Latin America

Manuel Ovalle, who joined Under Armour in 2013, has played a critical role in driving the company's strong performance in the Southern Cone of Latin America. Now as managing director, Latin America, he will be based in Panama and be responsible for the company's entire Latin America business from Mexico through the Southern Cone. Prior to Under Armour, Mr. Ovalle spent nearly 20 years with adidas with roles of increasing responsibility as the company grew its Latin American business.

Massimo Baratto - Managing Director, Europe, Middle East & Africa

Massimo Baratto, who joined Under Armour in May, will now oversee the entire Europe, Middle East and Africa (EMEA) region. Based in Amsterdam, Mr. Baratto brings nearly 30 years of international experience from a variety of industries, brands and regions - most recently as the CEO of the Oberalp Group.

Jason LaRose - President, North America

Since 2016, Jason LaRose has led the company's largest regional business comprising the United States and Canada. He joined Under Armour in 2013 to head up the global e-Commerce business and became senior vice president of digital revenue in 2015. Prior to Under Armour, Mr. LaRose held senior leadership positions with Express, Sears Holding Corporation and McKinsey & Company.

All four regional leads report directly to Under Armour president and COO Patrik Frisk.

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.

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SOURCE Under Armour, Inc.

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