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Under Armour Inc (NYSE: UA) announced that Chief Merchandising Officer Henry Stafford and Chief Digital Officer Robin Thurston would be leaving the company in July. SunTrust’s Pamela Quintiliano maintained a Buy rating for Under Armour, with a price target of $55, saying that the management departures were not indicative of any deeper fundamental issues at the company.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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The resignation of CMO Henry Stafford and CDO Robin Thurston comes as “another hit” in the series of departures, which includes the resignation of COO and CFO in February and that of SVP of Footwear in March. Analyst Pamela Quintiliano mentioned, however, that this did not reflect deeper issues, and instead were “personal life decisions.”
Kip Fulks has been named as the interim CMO. He is well-qualified, with solid bench strength, Quintiliano commented. She added, “Our recent channel checks have been favorable and given long lead times we don’t expect hiccups on Mr. Stafford’s departure.” Michael Lee, who would replace Mr. Thurston, is highly capable, the analyst said.