kevin plank story

In the ad, Plank said Under Armour stood for job creation, but publicly opposed the president's proposed travel ban. [57] In the days following the remarks, Plank bought a full-page advertisement in The Baltimore Sun to clarify his comments. 26 on Power 100 Most Influential Designers, Influencers and Leaders in the Shoe Industry by, No. The story begins with Kevin Plank, Under Armour's founder and CEO. [27][28], Plank is a member of the board of trustees for the National Football Foundation. Kevin Plank is an eminent American entrepreneur, founder & CEO of famous sports apparel brand Under Armour. [31] The farm was the home to stallion Native Dancer, who went 21 for 22 during his racing career from 1952 to 1954. The name stuck. 16 on 50 Most Influential People in Sports Business by, No. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. The … Plank, a Roman Catholic,[2] grew up in Kensington, Maryland, a suburb of Washington D.C., the youngest of five brothers born to William and Jayne (née Harper) Plank. The strategy was a success, earning the company the world's largest digital health-and-fitness community, with 150 million users. [40] He was initially approached about creating a vineyard, but being a whiskey enthusiast he asked his business partner to research whiskey. [18] In 1996, Plank finished his first year selling shirts with $17,000 in sales. Under Armour’s revenues passed the 1 billion dollar mark in 2010. But Under Armour, a bright idea hatched during … On Tuesday, his company announced he’ll be stepping down as CEO. Position: LB/RB More bio, uniform, draft info. [9], Plank originally sought to call his new sportswear company Heart, but he could not trademark it. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. He attended Georgetown Preparatory School, Fork Union Military Academy, St. John’s College High School & University of Maryland. Kevin A. Plank was born on August 13, 1972, in Kensington, Maryland. [5] Plank tried several prototypes before deciding on the one he wanted to use. [35], Beginning in 2013,[36] Plank's real estate firm, Sagamore Development, was leading a $5.5-billion mixed-use development project in Baltimore's Port Covington area. "It was important," Plank said, "that this not just be my decision. He’s had a heck of a run, and his story is well know in entrepreneurial circles: Chapter 1: Walks on to the football team at the University of Maryland in the early 1990s. [17] He also asked his former teammates to try on the shirts, claiming that his alternative to a cotton T-shirt would enhance their performance on the field. He will be replaced by current chief operating officer … 18 years later, Under Armour reports 3 Billion dollars in revenue, and continues to change the athletic apparel business. He has been an ardent football fan since his childhood & played for Maplewood Maple Leafs. Under Armour CEO Kevin Plank had a close relationship with MSNBC anchor Stephanie Ruhle that some deemed to be “problematic,” The Wall Street Journal reported Thursday. [24], As CEO, Plank oversaw a company that generated US$5 billion in annual revenue and employed about 15,800 people as of December 31, 2017. [16], Plank initially ran the business from his grandmother's townhouse in Georgetown. [29], Plank bought the 630-acre historic Sagamore Farm in Baltimore County, Maryland, in 2007. He was the sweatiest person on the soccer field & he was desperately looking for an alternative that would keep him comfortable and dry while playing- which was not being possible with his usual sweat-soaked cotton shirts. Everyone knows the story. He attended the University of Maryland, College Park and graduated in 1996 with a bachelor’s degree in business administration in hand. His first big team sale was to Georgia Tech. It’s an idea, it’s a theory, it’s a … [25][26], Plank announced his departure as CEO, in October 2019, and was succeeded, on January 1, 2020 by Under Armour COO Patrik Frisk. Kevin Plank's unremarkable career as a college football player hardly ranks him with the greats of the gridiron. [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". [52] In 2015, Plank pledged $16 million to St. John's College High School in Washington, DC, to fund athletics, academics and entrepreneurship initiatives. [10] He graduated in 1996[3][11] with a bachelor's degree in business administration. [11][3] Frustrated by his cotton T-shirts' inability to keep him dry and comfortable, he searched for a material that would wick the sweat from his body. [30] The property was once owned by Alfred Gwynne Vanderbilt. At the helm of this high-growth company is Kevin Plank, an innovative and passionate entrepreneur, and also a fighter who has worked for years to get UA to where it … [51], In November 2014, Plank pledged $25 million to the University of Maryland to be used for the proposed athletics and academic complex. [57] Johnson called Plank's words "divisive". [34] There are about 100 horses on Sagamore farm, with about 40 actively training as of July 2017. [54], According to the Federal Election Commission, Plank has donated to both major U.S. political parties and to individuals of both parties. [41] The limestone aquifer on Plank's farm produced water fit to distill whiskey,[18] so Plank and business partner Bill McDermond founded Sagamore Spirit to restore Maryland's whiskey distilling tradition. 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". Following a 1999 in-ring accident which left Drozdov quadriplegic, Plank personally financed his customized wheelchair. With that preamble, let’s talk about Kevin Plank, the self-made billionaire and founder of Under Armour. Plank has recently purchased fitness, health & calorie counting apps and has this goal to come up with the best online health platform in the world – that would rival Apple, Google, Fitbit & Jawbone. KEVIN PLANK: When I started, I used to carry two business cards with me. 6 on 50 Most Influential People in Sports by, No. [11] Under Armour's first shirt was the #0037, which Plank sold from his car. His former home, when he put it up for sale, was the most expensive home on the market in Washington, DC. [12], His roommate at Maryland was football player and professional wrestler Darren Drozdov. From product launches and ground-breaking campaigns to key partnerships and big bets that propelled the Brand forward, these are the moments that made us who we are. Kevin Plank With Michael Phelps. At the National Retail Federation conference in New York, Under Armour founder and former CEO Kevin Plank spoke with Rod Sides, vice chairman and U.S. leader of … Kevin Plank, Under Armour’s founder and CEO, traveled up and down the east coast with nothing but apparel in the trunk of his car trying to sell shirts. He's an American businessman, CEO and founder of Under Armor, a manufacturer of sports performance apparel, footwear and accessories, based in Baltimore. [20], Between 2014 and 2016, Under Armour spent close to $1 billion to acquire makers of activity- and diet-tracking mobile apps. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. Mr. Plank started the activewear company in 1996 in his grandmother’s basement. [12] As of February 2018, Forbes estimated his net worth at US$1.8 billion. Kevin Plank is the founder, chairman and former CEO at Under Armour, one of the most successful sportswear companies in the world. Kevin Plank. [32] Plank has said he seeks to restore the farm and rejuvenate Maryland's horse racing tradition by raising a Triple Crown winning horse. [55] On CNBC's Halftime Report in February 2017, Plank commented on Donald Trump's pro-business philosophy, saying the president was a "real asset" to the business community. Under Armour founder Kevin Plank resorted to “sales tricks” and improper accounting to attain unrealistic sales goals as the brand’s popularity faded, shareholders allege in … Plank spent hours in one-on-one conversations to try and persuade those employees. Synopsis. [19] The ad resulted in $1 million in direct sales for the following year, and athletes and teams began buying the product. [13], While at University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. Then, he asked his erstwhile teammates to check out his formula. [50] He is also responsible for the development of the Cupid's Cup business competition. [37] The building was originally built in 1914 to store port cargo and later served as a community center and studio for the television series Homicide: Life on the Street; it closed in 1999. “Brand is not a product that’s for sure; it’s not one item. Kevin Plank, the sportswear company’s founder, sold the Georgetown pied-a-terre after lowering the price from $29.5 million. CEO and founder Kevin Plank is stepping back from the position, the company announced Tuesday. [59] Additionally, he publicly opposed President Trump's decision to withdraw from the Paris Accord[60] and was among the Fortune 500 CEOs to sign a pledge to promote workplace diversity and inclusion. 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 year. [44] The next year, his charitable arm funded 40 summer jobs for Cherry Hill, Baltimore, public school students in the maritime transport industry. [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. [40], Plank renovated the former Recreation Pier building in Fells Point, Baltimore. His extensive search covered 7 prototypes till he found his ideal match. Reflects change since 5 PM ET of prior trading day Under Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike. Under Armour CEO Kevin Plank – who founded the company and grew it into a major force in the sports apparel industry only to see it stumble as it … As some customers vowed to boycott the brand, three major endorsers—Stephen Curry, ballerina Misty Copeland, and actor Dwayne "The Rock" Johnson—went on Twitter to express their opposition. His company is the second largest sportswear vendor in the whole of America, picking up sales of around 3.8 billion USD this year. [16] He also attempted to name his company Body Armor, but efforts to trademark that name were also unsuccessful. [9][10] He was not recruited by the top-tier collegiate football programs. His mother is a former mayor of Kensington, who went on to direct the Office of Legislative and Intergovernmental Affairs at the United States Department of State under President Ronald Reagan. [37], Plank Industries also bought and revamped the water taxi in Inner Harbor. Under Armour backs V Foundation & Power in Pink breast cancer education campaign. "Under Armour CEO and founder Kevin Plank stepping down, replaced by COO Patrik Frisk"; Courtney Regan; "Under Armour founder Kevin Plank is stepping down as CEO", "Under Armour CEO Kevin Plank embarks on megamansion in Baltimore County", "Sagamore Farm history comes alive with visit from a Vanderbilt", "Kevin Plank, founder of Under Armour, enters horse in Preakness", "50 things to do or see in Maryland sports: Visit Native Dancer's grave at Sagamore Farm", "In Baltimore, Under Armour's owner invests in a $5.5 billion bet on his city", "Remaking Baltimore's waterfront, with a splash of whiskey", "Plank's Sagamore Development plans start-up hub in Port Covington", "Sagamore Spirit debuts its distillery in Port Covington", "Under Armour's Kevin Plank enters the whiskey wars", "Historic Recreation Pier reopens as Sagamore Pendry Hotel", "Sagamore unveils first new Baltimore water taxi, a historic Chesapeake throwback", "Kevin Plank donates $1 million to Baltimore's CollegeBound Foundation", "Kevin Plank's foundation funds summer jobs for Cherry Hill students", "Greater Baltimore Committee backs Port Covington TIF", "Transportation workforce development to be top priorities for Greater Washington Partnership", "Kevin Plank, Living Classrooms Foundation unveil UA House in East Baltimore", "Under Armour re-imagines a community center in East Baltimore", "Kevin Plank's Cupid's Cup picks College Park startup for top prize", "Plank giving $25 million for UM athletic, academic project", "Under Armour's Kevin Plank gives $16 million to high school alma mater", "The Most Expensive House in Washington D.C. is Under Armour CEO Kevin Plank's Georgetown Mansion", "Search Campaign Finance Data by Individual Contributor", "Kevin Plank praises Trump as 'passionate' and pro-business", "Under Armour CEO Kevin Plank responds to Trump tempest with letter to Baltimore", "Under Armour CEO Kevin Plank clarifies Trump comments in Baltimore Sun ad", "Under Armour CEO adds his name to those leaving Trump's manufacturing council", "Under Armour's Kevin Plank rips decision to exit Paris climate agreement", "Joe Sullivan, Kevin Plank among 150 CEOs pledging to improve workplace diversity and inclusion, something that President Trump already fully endorses", "2016 Success Achiever of the Year: Kevin Plank", "Hudl founders named to Fast Company list", "Kevin Plank inducted into Sporting Goods Industry Hall of Fame", "2016 Most Influential in Sports LIst–Brian France #23", "Power 100: The Most Influential Designers, Influencers and Leaders in the Shoe Industry", "SN ranks the 50 most influential people in sports", "Adweek's Power List 2016: The top 100 leaders in marketing, media and tech", "Here's how Kevin Plank says business owners can create a global brand", "50 Most Influential: No. 2011 [10], However, he went to University of Maryland, College Park and walked onto the team there. During his university days, he came up with several small businesses and used the funding to capitalize his flagship sportswear project later on. Kevin A Plank is Chairman/Chief Brand Ofcr/Founder at Under Armour Inc. See Kevin A Plank's compensation, career history, education, & memberships. [21][22][23] Many long-term employees questioned Plank's strategy and whether the company would produce a return on their investment. Inman Connect 2021 Events Announced! [38][39], Plank also founded the whiskey distillery Sagamore Spirit in 2013. I carried one that said, Under Armour, Kevin Plank, President Under Armour. School: Maryland. [3] They have two children,[3] and live in Lutherville, Maryland. [7][9] Afterward, he played football at Fork Union Military Academy for a year, trying to get the attention of NCAA Division I schools. He explained to them that his T-shirt would help them to improve their performance largely on the football field. Kevin A. Plank is an American CEO and founder of Under Armour, Inc., a leading manufacturer of sports performance apparel, footwear and accessories based in Baltimore. [58], Plank sat on the President Trump's American Manufacturing Council. Under Armour CEO Kevin Plank had a close relationship with MSNBC anchor Stephanie Ruhle — and solicited her business advice over that of his own management team, according to a report. [12], Before living in Lutherville, he lived in the Georgetown section of Washington, DC. [42] Following Plank's renovation, the building reopened as the Sagamore Pendry Hotel. Interestingly, the idea of Under Armour emerged out of need  for Plank. Forbes recognized Plank in2012 for his phenomenal work in changing players’ experience on the field. Cupid's Valentine earned $3,000, which Plank used as seed money for Under Armour. [5], Plank grew up playing youth football with the Maplewood Sports Association; a Maplewood team has appeared in Under Armour commercials. [53] Plank donated $1 million to the Archdiocese of Baltimore in 2016 to help 100 more children go to Catholic school. Kevin Plank Overview; More Kevin Plank Pages; Rushing & Receiving * indicates bowl stats included; Rushing & Receiving Table; Rushing Receiving Scrimmage; Year School Conf Class Pos … [16] Plank said he chose the British spelling "armour" because he "thought the phone number 888-4ARMOUR was much more compelling than 888-44ARMOR". Under Armour’s first TV ad came up in 2003 and led to the rise of shorthand “we must protect this house” for Under Armour. [56] Plank's comments drew criticism on social media. Plank plays a crucial role in development of Maryland University’s Dingman Center & donates a huge amount to help the department in investing in potential start-ups. About Kevin Plank Kevin Plank, born in Kensington, Maryland in 1972, is the founder and former CEO of Under Armour, a clothing manufacturer of footwear, sportswear and related accessories. Under Armour founder Kevin Plank announced a $16 million gift to his alma mater, St. John’s College High School, Friday night at a gala for alumni of … The competition got its name from his “Cupid's Valentine” rose business he began while attending the University. [3] He continued to use the "Cupid" name when he later launched his Cupid's Cup competition. Patrik Frisk, President, and Chief Operating Officer. [15] Plank's company reached $1 billion annual revenue for the first time in 2010, and Plank became a billionaire in 2011, when his net worth was estimated at $1.05 billion. [52] The project has converted Cole Field House, the school's former basketball arena, into the football facility, a sports medicine center and student entrepreneurship lab. [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. 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