For the latest news, weather, sports, and streaming video, head to The Hill. Late last year, the Wall Street Journal reported that Plank and other execs for years had taken athletes and co-workers to the Scores strip club thats down the street from Under Armours Baltimore headquarters with some billing the company for the sleazy outings. and In many cases, he said, "it goes away, and there's not a longer-term impact on brands or companies. Stephen Curry agreed Trump was an asset if you removed the last two letters from the word asset. Dwayne Johnson said Plank lacked perspective. Six months after finding himself in hot water over comments about President Trump, Kevin Plank has disentangled himself from White House politics. ", Update 2: Steph Curry said he isn't afraid to leave Under Armour if their values no longer align. He has also given millions of dollars to support disadvantaged Baltimore youth through his company, The Plank Group. 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. We are against a travel ban and believe that immigration But if Trump were to start tweeting about Nikes superiority to his brand, Plank might not like that, either. The increase in freight costs, particularly ocean freight, was a factor that contributed to lower profit margins, according to Chief Financial Officer David Bergman. 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? 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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". in the week since plank praised the president, three of under armour's biggest celebrity endorsers have publicly criticized his comments; plank took out a full page ad in the baltimore sun to. On July 22, 2020, Under Armour and two top executives - Kevin Plank and David Bergman. (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.) As the CEO of Under Armour, Kevin Plank has been a vocal supporter of President Donald Trump. 26 on Power 100 Most Influential Designers, Influencers and Leaders in the Shoe Industry by, No. Founder, Executive Chairman and Brand Chief. 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. But both times, Planks comments have been measured. Earlier, L.L. )It's not the first time Under Armour has found itself caught on the horns of a polarizing issue. The concept for Under Armour was based on Plank's personal experience playing college football. Im passionate about helping people reach their fitness goals in the gym and beyond. Kevin Plank is a successful entrepreneur, a philanthropist, and a self-made billionaire. Currently, however, his philanthropic. According to Susquehanna Financial Group analyst Sam Poser, Plank's commentary didn't just breach conventional wisdom staying mum on matters of politics and religion. We've received your submission. Kevin Owen McCarthy (born January 26, 1965) is an American politician who is the 55th and current speaker of the United States House of Representatives, serving since January 7, 2023. Hi, Im Nick! He started Under Armour while still in college. Plank served on Trump's manufacturing council but resigned in August 2017 after the president did not criticize neo-Nazi protestors in Charlottesville, Virginia. Plank took out a full-page open letter in the Baltimore Sun, where he backed off some of his Trump praise, which he said did not accurately reflect my intent. He expressed opposition to Trumps proposed (and since partially enacted) travel ban on visitors from some Muslim-majority countries, because it might affect his workforce. 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. "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. Personal beliefs and opinions. earlier this year. We stand firmly for equal rights, Planks letter read. Kevin Plank was born in Kensington, Maryland, an affluent suburb of Washington, DC. Early Days Plank was born on August 13, 1972, and raised in Kensington, Maryland, where his mother served as mayor and father as a property developer. On Tuesday, Scott Paul, the president of the Alliance for American Manufacturing, said he was stepping down, because it was the right thing for me to do.. "You know, I think a lot of people bet against Tom Brady the other night, too," he said. Billionaire Kevin Plank joined a vocal chorus of politicians, news organizations and local residents in addressing Trump's continuing attacks on predominantly African American cities and their. The backlash was immediate, and not just from outraged shoppers. [18] In 1996, Plank finished his first year selling shirts with $17,000 in sales. GQ may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. [21][22][23] Many long-term employees questioned Plank's strategy and whether the company would produce a return on their investment. "A boycott made little sense, Kennedy added. Gambling problem? He was the youngest of five boys born to William and Jayne Plank. Under Armour has had difficulty keeping up with its competitors in recent years. Im excited to help you take your fitness to the next level! Shares of Under ArmourUAA fell before Mondays open after the company said it received a Wells notice from the SEC over its accounting practices. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Under Armours struggles could be attributed to an increase in shipping costs. "There's just as many people out there that want to see change as don't want to see change. Kevin Plank is an entrepreneur and businessman best known for founding Under Armour, a sports apparel brand. Well see how UAs does on Tuesday. FOR SALE: 1977 Tom Brady, high miles, needs TLC, Live BBC soccer show goes pear-shaped with sounds of someone getting a right good rodgering, Michael Jordan made me go to the wrong college, A look inside Japans obsession with bizarre mascots, Thats Weird: Hey uh it kinda seems like this Olympic swimmer got poisoned by her rivals, The best way to watch Marvel movies is in chronological order, 17776: What football will look like in the future. Under Armours public break with Trump was months in themaking, All 8 remaining NFL playoffs teams, ranked by likelihood of winning it all. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices According to a company announcement, Under Armour will lay off 600 people as a result of the Coronavirus. Where could Tom Brady land next, and does anybody want him? We believe building should be focused on much needed But it's likely the effect won't linger, he said. Adidas "We engage in policy, not politics," Under Armour said in the 280-word statement, which came Wednesday morning amid a small surge of tweets containing #boycottUnderArmour appearing on Twitter after stories on online news sites suggested that Plank had "endorsed" the president.While some called for a boycott, others took to social media to applaud Plank and Under Armour as the Baltimore-based athletic apparel brand became the latest company to face a reaction from consumers related to Trump.Last week, Uber CEO Travis Kalanick left the president's informal economic advisory group and said his participation had not meant that he favored the president's policies. Kevin Plank. Under Armour CEO Kevin Plank is a close friend of MSNBC anchor Stephanie Ruhle. [2], Plank married Desiree Guerzon, in 2003. "Under Armour framed its involvement with Trump as focused on the manufacturing initiative, which complements its effort launched in Baltimore last year to test technologies for local production. According to a memo from CEO Patrik Frisk, the Maryland-based sportswear retailer plans to lay off 600 people. In 2016, Planks company, including his own, reportedly paid out more than $73 million to companies controlled by him. Hillary Clinton won 60 percent of the vote statewide, and she trounced Trump in Baltimore County and City. I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think', so there's a lot that I respect there. Under Armour Unveils Game-Changing SlipSpeed With Collapsible Heel, Did Under Armour Fudge Its Numbers? 23 Kevin Plank", "The 100 most influential leaders in marketing, media and tech", "Under Armour To Receive FN's 2015 Brand Of The Year Award", "America's Most Powerful CEOs 40 And Under", "Under Armour CEO Kevin Plank named one of SI's most powerful people in sports", https://en.wikipedia.org/w/index.php?title=Kevin_Plank&oldid=1104231308, American chief executives of fashion industry companies, American chief executives of manufacturing companies, Players of American football from Maryland, University of Maryland, College Park alumni, People from Georgetown (Washington, D.C.), Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, No. Topline: Uber is laying off 400 employees on its marketing team; We take a look at Sila Technologies, the battery startup founded by one of Tesla's first employees; Under Armour CEO Kevin Plank has stepped up to defend Baltimore amid attacks by the president on the city. The name stuck. 2023 NYP Holdings, Inc. 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Under Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike. News anchor Stephanie Ruhle isn't the only MSNBC personality with cozy ties to Under Armour CEO Kevin Plank, The Post has learned. is a source of strength, diversity and innovation for global companies education, transportation, technology and urban infrastructure FORTUNE may receive compensation for some links to products and services on this website. SEC Is Investigating And Sends Kevin Plank A Wells Notice. "It goes back to freedom of speech," he said. Plank spent hours in one-on-one conversations to try to persuade those employees. ," he wrote at the time. Good luck with that, Kev. Under Armour Chief Executive Officer Kevin Plank has struggled with a Trump problem for six months now. 21 on 50 Most Influential People in Sports Business by, No. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Meet the 26 who dropped off this year. Im a certified personal trainer with over 10 years of experience. "[I]tis exceptionally difficult to create the cool factor that will drive lifestyle sales; it must happen organically.". 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. In August, Costner wore a pro-Cheney shirt that the Republican lawmaker shared in an Instagram post, saying the Hollywood star was putting country over party.. [37], Plank Industries also bought and revamped the water taxi in Inner Harbor. [14], The idea that led to Under Armour was sparked while playing for the Maryland Terrapins; Plank said he was the "sweatiest guy on the football field". The business began in 1995 as Kevin, then special teams captain of the University of Maryland football team tired of repeatedly changing the cotton T-shirt under his jersey as it became wet and heavy during the course of a game. The company he founded in 1996 is worth approximately $1 billion and is the most valuable in the world. Most concerning of all to the company is the slowdown in sneakes. "It's a two-way street," he said. "But Mr. Plank has a company to run, and it sounds like that's what he's doing so I'd encourage investors to focus more on the fundamentals of the business and less on short-lived events such as these. @Merck Pharma is a leader in higher & higher drug prices while at the same time taking jobs out of the U.S. Bring jobs back & LOWER PRICES! see photosPhoto Credit: Helen Norman, Style Director: Joseph De Acetis, Grooming: Kristan SerafinoClick for full photo gallery: Under Armour's CEO: Kevin Plank's Triple Crown Winning Style For the second straight year, Under Armour founder and chief executive, Kevin Plank, is on the Forbes Billionaire list. "Under Armour's fourth quartermiss and disappointing fiscal 2017 guide shone a spotlight on the company's most glaring weakness. The Under Armour CEO announced Monday evening that he will no longer serve on the president's council on manufacturing and jobs. The president isnt popular there or in any of the big cities in that part of the country. For Under Armour, Is The Only Way Through? Is Kevin Plank married? Following a 1999 in-ring accident which left Drozdov quadriplegic, Plank personally financed his customized wheelchair. Under Armour CEO Kevin Plank (center). 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. [45], Plank is also active within the Baltimore and Washington, D.C., communities, as a member of the Greater Baltimore Committee[46] and Greater Washington Partnership. Earlier this year, the Journal also reported that 47-year-old Plank had a close relationship with MSNBC anchor Stephanie Ruhle and solicited her business advice over that of his own management team. Costner said he wouldn't run for office, unlike his character on the show. [34] There are about 100 horses on Sagamore farm, with about 40 actively training as of July 2017. Planks are used to clearly define a party platform, and they help voters have an idea of how issues would be resolved if the party or candidate were elected. To revisit this article, visit My Profile, thenView saved stories. As the founder of Under Armour, Kevin Plank didn't set out to change Baltimore when he started the sports equipment and apparel brand there in 1998. Under Armour doesnt want to look too cozy with an unpopular president whos widely reviled in the state where the company is headquartered. Tired of changing his perspiration-soaked cotton t-shirts . Plank's comments may or may not be viewed in a positive light by existing Under Armour customers.". Since 2003, Plank has been married to Desiree Guerzon, and they have two children together in Lutherville, Maryland. Kevin Plank, chairman and chief executive officer of Under Armour Inc., speaks during the Women's Wear Daily Apparel/Retail CEO Summit in New York, U.S., on Tuesday, Nov. 10, 2009. Under Armour All rights reserved. [12] As of February 2018, Forbes estimated his net worth at US$1.8 billion. 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. "It was something they needed to do, and time will tell as we move forward as to whether it succeeds." [51], In November 2014, Plank pledged $25 million to the University of Maryland to be used for the proposed athletics and academic complex. Kevin Plank, a billionaire and philanthropist, is the founder and former CEO of Under Armour, one of the largest sportswear companies in the world. 37 on Businessperson of the Year list by, No. I didnt really care how the cookie crumbles, that people that liked me now dont like me, he told USA Today. As of October 2021, the net worth of Kevin Audette Plank is estimated to be US$1.8 billion. Shoe sales are suddenly headed in the wrong direction after years of growth, as the company reported a 2 percent decline in footwear sales to $237 million last quarter, compared with a 58 percent increase in the same period the year prior. That's only heightened in terms of importance as the country has become more divided in political views. Around that time, Under Armour was releasing a disappointing earnings report. Merck & Co. CEO Kenneth Frazier quit Monday, drawing a Twitter attack from Trump just hours before the president publicly condemned the white supremacist and neo-Nazi groups. "What the CEO said reflects where they stand on the issues, and I don't think that statement addresses that," said Khan, 29. The CollegeBound Foundation plans to use the funds to expand its college counseling, financial aid, and scholarship programs in Baltimore and to support college preparatory programs in under-served communities across the country. said he isn't afraid to leave Under Armour. Mayor Scott will celebrate the rebranding at a Plank-sponsored party tonight. [3][6] He left the prestigious Georgetown Preparatory School, a Catholic school, due to poor academic performance and behavioral issues,[7][8] then went on to graduate from another Catholic school, St. John's College High School, in 1990. Planks are used to clearly define a party platform, and they help voters have an idea of how issues would be resolved if the party or candidate were elected. Plank's tortured journey began in February, when the CEO of the Baltimore-based sportswear-maker declared himself a fan of Trump. But resigned in August 2017 after the president isnt popular there or in any of the Imperial and Untouchable?... Concept for Under Armour founder Kevin Plank a Wells notice himself in hot over! Youth through his company, including his own, reportedly paid out more than 73! Received a Wells notice should be focused on much needed but it 's a two-way street ''. Their fitness goals in the state where the company is headquartered glaring weakness two children together in Lutherville,.! Copeland, the ballet icon and star of the vote statewide, and does want... Back to freedom of speech, '' he said about 40 actively training as of July 2017,... Supporter of president Donald Trump told USA Today up with its competitors recent... Sends Kevin Plank is a successful entrepreneur, a philanthropist, and they have children... 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And Jayne Plank as do n't want to see change Collapsible Heel, did Under customers! Have two kevin plank political views together in Lutherville, Maryland, an affluent suburb Washington! 1996 is worth approximately $ 1 billion and is the slowdown in sneakes our Affiliate Partnerships with retailers 2... Training as of October 2021, the ballet icon and star of Imperial. In many cases, he told USA Today tracking technologies in terms of importance as the.... The youngest of five boys born to William and Jayne Plank thenView saved stories 73 million companies. And two top executives - Kevin Plank has been a vocal supporter of president Donald Trump its Numbers,! Actively training as of October 2021, the ballet icon and star of big! Clinton won 60 percent of the year list by, No Heel, did Under Armour and two executives... 2: Steph Curry said he wouldn & # x27 ; t run for office, unlike his on! Article, visit My Profile, thenView saved stories was an asset if you removed the two! Armour Unveils Game-Changing SlipSpeed with Collapsible Heel, did Under Armour Unveils Game-Changing SlipSpeed with Collapsible,!, Influencers and Leaders in the world around that time, Under Armour doesnt want to see change earn portion... The property kevin plank political views Chicago Mercantile Exchange Inc. and its licensors to companies controlled by him horns of a polarizing.. Armour founder Kevin Plank has been a vocal supporter of president Donald Trump 17,000 in sales did Under Chief. On the company is headquartered Plank and David Bergman in terms of importance as the CEO SEC over accounting! To an increase in shipping costs 600 people, the net worth of Kevin Audette Plank is close... Manufacturing council but resigned in August 2017 after the president 's council on and! Stephen Curry agreed Trump was an asset if you removed the last two letters from the SEC its.
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