Under Armour Founder Kevin Plank is stepping down as CEO

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 55%

Under Armour founder Kevin Plank is stepping down as CEO, a change that comes as the company continues to struggle against its rivals

United States Headlines News

United States Latest News, United States Headlines

Current CEO Kevin Plank is resigning and will be replaced by Chief Operating Officer Patrik Frisk will assume the position on January 1, 2020, the company announced Tuesday. Plank, who has served in the CEO role since the company's founding in 1996, will serve as an executive chairman and brand chief.Under Armour CEO Kevin Plank is leaving the position in 2020.Plank called Frisk the"right person" to be Under Armour's CEO in a release.

It's also having trouble attracting customers in North America, as Nike , Adidas and smaller brands such as Fila and Puma thrive, Cristina Fernandez, analyst at Telsey Advisory Group, previously said in a note to clients.Plank is the most recognizable face of the company. Plank defended Under Armour's hometown of Baltimore against President Donald Trump when he criticized the city over the summer. But he's also been embroiled in scandal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I stopped buying under armor when plank came out as a trump supporter.

Too expensive and doesn’t appeal to young millennials. Brand has a lot of potential though!

Panoramuh u still can't answer how 'no' explained anything. Then you proceeded to randomly speak for me bc you needed to deflect. Of course he shouldn't have lost his job. So u make no sense inventing that I agree to that. You make no sense & you can't explain yourself. Blocked.

$75.00 for a pair a sweat pants!!! And soon to be that price at Ross soon!! Lol!!! I hope got some Kohl's credit left so I can get a tshirt.

It’s the spingame. Things are working so they need a change. Typical of Corporate America

I have only been purchasing UnderArmour since Nike went crazy. Hope the company can pull through

😳

When I first started buying their underwear I never had to wonder about the quality, but now U just can’t be too sure

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Under Armour Founder Kevin Plank Steps Aside as CEOKevin Plank, the founder and chief executive of Under Armour, is stepping down as CEO, leaving the task of turning around the sportswear maker to one of his lieutenants. Plank Everything comes down to cost to the end user. Figure out how to make your product effective but affordable and you’ve got me sold. Other than that, I’m all about utility and cost than I am about brand loyalty. Politics and branding is not mixing well. I am a fanatic denier on spending on some brands.
Source: WSJ - 🏆 98. / 63 Read more »

Kevin Plank is stepping down as CEO of Under Armour - Business InsiderPlank, who founded the company in 1996, will become executive chairman and brand chief. COO Patrik Frisk will take on his duties as the new CEO.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Under Armour names Operating Chief Patrik Frisk to replace Kevin Plank as CEOFrisk joined Under Armour in July 2017 from his position as CEO of Aldo Group. He will replace Plank effective Jan. 1, 2020.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Biogen, Under Armour, P&G, Hasbro & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Under Armour Founder Kevin Plank Steps Aside as CEOKevin Plank, the founder and chief executive of Under Armour, is stepping down as CEO, leaving the task of turning around the sportswear maker to one of his lieutenants. Plank Everything comes down to cost to the end user. Figure out how to make your product effective but affordable and you’ve got me sold. Other than that, I’m all about utility and cost than I am about brand loyalty. Politics and branding is not mixing well. I am a fanatic denier on spending on some brands.
Source: WSJ - 🏆 98. / 63 Read more »

Kevin Plank is stepping down as CEO of Under Armour - Business InsiderPlank, who founded the company in 1996, will become executive chairman and brand chief. COO Patrik Frisk will take on his duties as the new CEO.
Source: BusinessInsider - 🏆 729. / 51 Read more »