Peter Ruppe, senior vice president of footwear at Under Armour for the past two years, is leaving the company.
According to the Wall Street Journal, Ruppe will be succeeded by Ryan Drew, the former VP/GM of global basketball at Under Armour. Ruppe spent two decades at Nike before heading to Under Armour.
Ruppe is the latest in a series of executive exits from the Baltimore-based company. According to the WSJ, Under Armour’s co-founder, chief marketing officer, and the heads of its women’s, youth and sport fashion divisions have all left since October.
Footwear revenue increased 2% in Q3 of 2017 according to Under Armour’s fiscal report — a significant drop in growth. Last year, over the same Q3 period, footwear net revenues saw a 42% increase.
Image via Under Armour
