Under Armour reportedly ousted two executives who are long-time associates of CEO Kevin Plank, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Ryan Kuehl, senior vice president of global sports marketing, and Walker Jones, senior director of sports marketing, were both removed last week, but the company did not give a reason to employees. The removals come as the company conducted an internal review of the sports marketing department’s spending.
This investigation looked at whether the two executives’ spending was appropriate and how they ran the department. This included examining how money was spent at events, gifts to athletes and nights out, the sources told the Journal.
“Per company policy, we do not comment on specific personnel matters,” an Under Armour spokeswoman told the Journal.
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