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Under Armour falls after Footwear executive resigns

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.