Under Armour Names Clay Dean Chief Innovation Officer

By Tonya Garcia Markets MarketWatch Pulse

Under Armour Inc. said Monday that Clay Dean is joining the company as chief innovation officer. He'll be responsible for global strategy and collaboration between the design, marketing, product and category management teams. Dean joins from General Motors Co. where he most recently led the Global Advanced Design group. Under Armour shares are down nearly 55% for the past year while the S&P 500 index is up 17.3% for the period.

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