UAA - Under Armour CEO Patrik Frisk to step down
Under Armour (NYSE:UAA) said Wednesday Patrik Frisk will step down as president and CEO and as a member of the board, effective Jun. 1. UAA has begun an internal and external search process to identify a permanent president and CEO. Until a successor is named, UAA appointed COO Colin Browne as interim president and CEO, effective Jun. 1. Frisk will remain with UAA as an advisor through Sept. 1 to support the transition. UAA stock, which ended 7.6% lower on Wednesday, slipped 2.2% aftermarket following the announcement. UA stock, which ended 6.9% lower, slipped 2.7% aftermarket.
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Under Armour CEO Patrik Frisk to step down