Kevin Plank, who founded Under Armour in 1996 and has served as CEO ever since, is stepping aside.Under Armour’s billionaire founder and CEO Kevin Plank is giving up the top job after more than two decades running the athletic apparel company.
Plank, 47, will become executive chairman of the board and brand chief. He still owns nearly 16% of the stock, which gives him an estimated net worth of $1.8 billion. Plank took the company public in 2005. “Having earned the trust and respect of our teammates, customers and shareholders, Patrik's proven track record of industry experience, straightforward leadership style and championship of our brand and culture makes him uniquely positioned to smartly capitalize on the opportunities in front of us,” Plank said in the statement.
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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 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 »
Under Armour Founder Kevin Plank is stepping down as CEOUnder Armour founder Kevin Plank is stepping down as CEO, a change that comes as the company continues to struggle against its rivals When I first started buying their underwear I never had to wonder about the quality, but now U just can’t be too sure 😳 I have only been purchasing UnderArmour since Nike went crazy. Hope the company can pull through
Source: cnnbrk - 🏆 393. / 55 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 »
Under Armour CEO and founder Kevin Plank stepping down, replaced by COO Patrik FriskUnder Armour founder Kevin Plank has decided to step down as CEO and move to the role of executive chairman. After 23 years, here’s why Plank says now is the right time for the change. lorakolodny A bummer for Baltimore. Every new business center needs that one company. Feel like UA lost its window a la Josh Hartnett. But Baltimore has chance to be Carnegie Mellon/Pittsburgh of bio. Guessing my former neighbor (former UA upper mgmt exec) is dancing in her new kitchen in Ohio. Oh, the stories I heard. We’ll see.
Source: CNBC - 🏆 12. / 72 Read more »