WSJ : Under Armour Ousts Two Executives After Investigation Into Spending

(RTTNews) - Under Armour Inc. (UA) ousted two sports-marketing executives who were longtime associates of Chief Executive Officer Kevin Plank, after the apparel brand conducted an internal review of their department's spending, the Wall Street Journal reported 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 from their roles last week, the report said. Employees were informed of their departure on Thursday, but no reasons were given for the abrupt changes, employees reportedly said.

The company's management questioned the way the two men had been running the sports-marketing department and whether some of their spending was appropriate. The funds at issue included events, gifts to athletes and nights out, the report said, and some were costs that were approved in previous years.