Shares of athletic apparel and footwear maker Under Armour (UA) are lower after the company announced the resignation of an executive. The company stated in a press release before the open that Gene McCarthy is resigning as Senior Vice President, Footwear, effective February 22. The company did not state a reason for McCarthy's resignation, but did say COO Kip Fulks will assume responsibility of Footwear and continue to oversee the company's Operations division. In early trading, Under Armour shares slipped $2.34, or 4.91%, to $45.35.
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