The founder of Under Armour is stepping down.
Kevin Plank will no longer be CEO at the new year. Instead, he’ll become the company’s executive chairman and brand chief.
President & Chief Operating Officer Patrik Frisk will become the Chief Executive Officer effective January 1, 2020.
The 56-year-old Frisk will report to Plank and will take a seat on the board.
You can read the full press release here.
Source: CBS Baltimore
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