Kevin Plank is stepping down as CEO of the business. Patrik Frisk has been named at the replacement CEO effective 1 January 2020.Under Armour's founder Kevin Plank is stepping down from his role as CEO of the company after 23 years.
Plank will take on the roles of executive chairman and brand chief at Under Armour. His duties as CEO will be taken up by Patrik Frisk, currently president and chief operating officer of the company. Frisk will officially take up his new position on 1 January 2020. "Our multi-year, transition approach has ensured purposeful leadership continuity.