He attended the University of Maryland, College Park and graduated in 1996 with a bachelor’s degree in business administration in hand. Synopsis. [16], Plank initially ran the business from his grandmother's townhouse in Georgetown. [16] He also attempted to name his company Body Armor, but efforts to trademark that name were also unsuccessful. [33][32] On November 5, 2010, Sagamore Farms' Shared Account won the $2 million Breeders' Cup Filly & Mare Turf (GI). [12], His roommate at Maryland was football player and professional wrestler Darren Drozdov. 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. [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. His company is the second largest sportswear vendor in the whole of America, picking up sales of around 3.8 billion USD this year. [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". He also requested his friends to pass on his t shirt to the other players and this was how Plank’s t shirts gradually started garnering popularity. Kevin Plank and his wife bought the 65-acre Greenspring Valley Road property for $2.8 million using limited liability company Three Diamond Land … As his friends moved on to play professionally, he would send them T-shirts, requesting that they pass them out to other players in their locker rooms. [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. It’s an idea, it’s a theory, it’s a … He explained to them that his T-shirt would help them to improve their performance largely on the football field. Under Armour Founder Kevin Plank to Step Down as C.E.O. 26 on Power 100 Most Influential Designers, Influencers and Leaders in the Shoe Industry by, No. [57] In the days following the remarks, Plank bought a full-page advertisement in The Baltimore Sun to clarify his comments. Kevin Plank is an eminent American entrepreneur, founder & CEO of famous sports apparel brand Under Armour. [27][28], Plank is a member of the board of trustees for the National Football Foundation. [10], However, he went to University of Maryland, College Park and walked onto the team there. 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 … 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. [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. 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 … Our story. [5], A turning point for him came late in 1999, when Plank used nearly all of Under Armour's money, and employees agreed to go without pay for a few weeks, so the company could take out a $25,000 advertisement in ESPN The Magazine. In the ad, Plank said Under Armour stood for job creation, but publicly opposed the president's proposed travel ban. He has been an ardent football fan since his childhood & played for Maplewood Maple Leafs. Plank spent hours in one-on-one conversations to try and persuade those employees. [5] Plank tried several prototypes before deciding on the one he wanted to use. Under Armour’s origin story is nearly folklore at this point: in 1996, the brand’s founder Kevin Plank invented a sweat-wicking shirt in his grandma’s basement. "It was important," Plank said, "that this not just be my decision. 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". [44] The next year, his charitable arm funded 40 summer jobs for Cherry Hill, Baltimore, public school students in the maritime transport industry. Kevin Plank, the sportswear company’s founder, sold the Georgetown pied-a-terre after lowering the price from $29.5 million. [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. 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. Then, he asked his erstwhile teammates to check out his formula. [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. His first big team sale was to Georgia Tech. This mini-documentary details how Under Armour evolved from a t-shirt company to a tech company. [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. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. Position: LB/RB More bio, uniform, draft info. [38][39], Plank also founded the whiskey distillery Sagamore Spirit in 2013. [2], Plank married Desiree Guerzon, in 2003. 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. [9][10] He was not recruited by the top-tier collegiate football programs. 4 on America's 20 Most Powerful CEOs 40 and Under, This page was last edited on 14 January 2021, at 21:00. 16 on 50 Most Influential People in Sports Business by, No. [58], Plank sat on the President Trump's American Manufacturing Council. 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. 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. [47] He is also a member of the Board of Trustees for Living Classrooms, a Baltimore-Washington based non-profit organization dedicated to the hands-on education of young people using urban, natural and maritime environments as “living classrooms". [50] He is also responsible for the development of the Cupid's Cup business competition. [49], Plank has been a long-time supporter of the University of Maryland's Robert H. Smith School of Business and Dingman Center for Entrepreneurship. 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. Interestingly, the idea of Under Armour emerged out of need  for Plank. [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. [37] The company had acquired approximately 235 acres in the area[36] and planned to build a mix of offices, residential areas, retail space, parks, boat launches and more. I carried one that said, Under Armour, Kevin Plank, President Under Armour. [53] Plank donated $1 million to the Archdiocese of Baltimore in 2016 to help 100 more children go to Catholic school. [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. [12] As of February 2018, Forbes estimated his net worth at US$1.8 billion. [30] The property was once owned by Alfred Gwynne Vanderbilt. [12], Before living in Lutherville, he lived in the Georgetown section of Washington, DC. Following a 1999 in-ring accident which left Drozdov quadriplegic, Plank personally financed his customized wheelchair. [37], Plank Industries also bought and revamped the water taxi in Inner Harbor. During his university days, he came up with several small businesses and used the funding to capitalize his flagship sportswear project later on. [31] The farm was the home to stallion Native Dancer, who went 21 for 22 during his racing career from 1952 to 1954. [20], Between 2014 and 2016, Under Armour spent close to $1 billion to acquire makers of activity- and diet-tracking mobile apps. Mr. Plank started the activewear company in 1996 in his grandmother’s basement. 18 years later, Under Armour reports 3 Billion dollars in revenue, and continues to change the athletic apparel business. [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. Cupid's Valentine earned $3,000, which Plank used as seed money for Under Armour. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. [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. The name stuck. [23] A few years later, some of these acquisitions would be divested by the next CEO. The story begins with Kevin Plank, Under Armour's founder and CEO. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. [15] After graduating from Maryland, Plank searched for synthetic materials that would keep athletes dry. 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. 23 — Kevin Plank", "The 100 most influential leaders in marketing, media and tech", "Under Armour To Receive FN's 2015 Brand Of The Year Award", "America's Most Powerful CEOs 40 And Under", "Under Armour CEO Kevin Plank named one of SI's most powerful people in sports", https://en.wikipedia.org/w/index.php?title=Kevin_Plank&oldid=1000373768, American chief executives of fashion industry companies, American chief executives of manufacturing companies, Players of American football from Maryland, University of Maryland, College Park benefactors, University of Maryland, College Park alumni, People from Georgetown (Washington, D.C.), Pages with non-numeric formatnum arguments, Articles containing potentially dated statements from June 2018, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, No. Sold the Georgetown pied-a-terre after lowering the price from $ 29.5 million founder kevin Plank: I! 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