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Search resuls for: "Linnartz"


7 mentions found


☆ Under Armour names Marriott veteran Linnartz as CEO to boost e-commerce
  + stars: | 2022-12-21 | by ( Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
[1/2] Stephanie Linnartz, President of Marriott International speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. REUTERS/Mike BlakeDec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz currently serves as president of Marriott International Inc (MAR.O) and has been with the hotel chain operator in various roles for the last 25 years. Interim CEO Colin Browne will resume his responsibilities as chief operating officer, Under Armour said in a statement. Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000.
☆ Under Armour names Marriot's Linnartz as CEO
  + stars: | 2022-12-21 | by ( ) www.reuters.com   time to read: +1 min
Dec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named Stephanie Linnartz as its chief executive officer, months after Patrik Frisk stepped down from the role, sending shares of the apparel company marginally down in extended trading. Joining Under Armour on Feb. 27, Linnartz will take the helm at a time when the company is grappling with weakening demand for sporting goods as decades-high inflation makes consumers cut corners. Former CEO Frisk, who joined Under Armour in 2017 and was named as CEO in 2020, had helped the company "dramatically improve" the health of its businesses during his time by focusing on building inventory. The company said Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000. Meanwhile, Under Armour interim CEO Colin Browne will resume his responsibilities as chief operating officer.
☆ Under Armour picks Marriott exec Stephanie Linnartz to be new CEO after seven-month search
  + stars: | 2022-12-21 | by ( Jessica Golden Gabrielle Fonrouge | Jessica Golden | Gabrielle Fonrouge | ) www.cnbc.com   time to read: +1 min
Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business. Linnartz, who has been with Marriott since 1997, was one of 60 candidates considered for the role. "She's really a learner," Plank said. Linnartz, who started as a financial analyst at Marriott in 1997, will start her new job on Feb. 27. The company is banking on Linnartz's experience leading Marriott's multibillion-dollar digital transformation to accelerate Under Armour's online initiatives.
☆ Marriott President Stephanie Linnartz named Under Armour CEO
  + stars: | 2022-12-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott President Stephanie Linnartz named Under Armour CEOCNBC's Sara Eisen joins 'Closing Bell: Overtime' to report on Under Armour naming Marriott President Stephanie Linnartz as CEO.
☆ Struggling Under Armour turns to new CEO from Marriott as it strives to boost digital sales and compete with Nike
  + stars: | 2022-12-21 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +2 min
Under Armour on Wednesday named Stephanie Linnartz CEO. Linnartz, who most recently served as the president of Marriott International, also will be charged with rebuilding the company's relationships with consumers. New Under Armour CEO Stephanie Linnartz Courtesy Under ArmourIn a news release, Under Armour Executive Chair Kevin Plank credited Linnartz with leading Marriott's "multi-billion dollar digital transformation, driving scale through continuous brand innovation across the portfolio." At Marriott, Linnartz oversaw the company's Marriott Bonvoy membership program. Before serving as president of Marriott, Linnartz served as Marriott Group's president of consumer operations, technology and emerging businesses.
☆ Stocks making the biggest moves after hours: Under Armour, Micron Technology and more
  + stars: | 2022-12-21 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Check out the companies making headlines after the bell:Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street's expectations. Micron Technology also said it expects a wider-than-expected adjusted loss of 62 cents a share for the current period. Under Armour — Under Armour's stock seesawed in extended trading following news that Marriott International President Stephanie Linnartz will join the athletics apparel company as its next CEO. MillerKnoll — MillerKnoll's stock jumped 6% in extended trading after the office furniture maker beat top and bottom line estimates for its fiscal second quarter. Guidance for the current quarter fell roughly in line with expectations from analysts surveyed by StreetAccount.
☆ Stock futures rise on Wednesday evening
  + stars: | 2022-12-21 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Stock futures rose slightly in overnight trading on Wednesday after better-than-feared earnings and strong consumer confidence data helped boost stocks for a second day. Stock futures tied to the Dow Jones Industrial Averages gained 38 points or 0.1%, while S&P 500 futures added 0.15%. All 11 S&P 500 sectors finished the day with gains, led to the upside by energy. The Dow is down 3.51%, while the S&P 500 and Nasdaq have tumbled 4.94% and 6.62%, respectively. On Thursday, investors await earnings results from Carmax and jobless claims data.
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