navigation-background arrow-down-circle Reply Icon Show More Heart Delete Icon wiki-circle wiki-square wiki arrow-up-circle add-circle add-square add arrow-down arrow-left arrow-right arrow-up calendar-circle chat-bubble-2 chat-bubble check-circle check close contact-us credit-card drag menu email embed facebook-circle facebook-square facebook faq-circle faq film gear google-circle google-square google history home instagram-circle instagram-square instagram linkedin-circle linkedin-square linkedin load monitor Video Player Play Icon person pinterest-circle pinterest-square pinterest play readlist remove-circle remove-square remove search share sign-out star trailer trash twitter-circle twitter-square twitter youtube-circle youtube-square youtube

You have to have a valid membership to attend this event

You have to have a valid membership to attend this event

Patrik Frisk Tapped To Succeed Kevin Plank As CEO Of Under Armour

October 22, 2019
By Holden Wilen, Baltimore Business Journal

Under Armour Inc. founder Kevin Plank will relinquish his CEO title next year. Patrik Frisk, the sportswear maker's president and chief operating officer, will succeed Plank.

Frisk, 56, will become the second CEO in Baltimore-based Under Armour's history on Jan. 1 and join the board of directors. Plank will become executive chairman and brand chief. Plank's focus will be product elevation, amplifying Under Armour's brand story and stewarding the company's team culture.

Under Armour's board approved the appointments on Oct. 17. Shares of Under Armour (NYSE: UAA) rose 2% in pre-market trading on the news to $20.50.

Plank said in a statement the transition will ensure "purposeful leadership continuity" for the company.

"Patrik is the right person to serve as Under Armour's next CEO," Plank said. "As my partner during the most transformative chapter in our history, he has been exceptional in his ability to translate our brand's vision into world-class execution by focusing on our long-term strategy and re-engineering our ecosystem through a strategic, operational and cultural transformation."

To read the full story, visit the Baltimore Business Journal.

Photo Credit: Sabina Moran/PressBox