Md. Governor-elect Wes Moore steps down from Under Armour board

Maryland Gov.-elect Wes Moore has stepped down from the Under Armour Inc. board. The Baltimore sportswear company announced late Friday that Moore resigned from the board effective immediately following his election win earlier this week. Moore had previously told the Baltimore Banner that if he was elected he would resign from corporate boards and put his business investments into a blind trust. With Moore’s victory over Republican Dan Cox in the general election Tuesday, Moore, who has significant business holdings, has started to make good on his promise. Moore, the former founder and CEO of the Robin Hood Foundation and a best-selling author, joined Under Armour’s board in October 2020. During his time on the board, he served as a member of the corporate governance and sustainability committee.