Adds particulars from assertion
Adds particulars from assertion
Oct 22 (Reuters) – Underneath Armour Inc UAA.N stated on Tuesday its founder and long-time Chief Government Officer Kevin Plank will step down from the function subsequent yr and be succeeded by Chief Working Officer Patrik Frisk.
Plank, who will relinquish the function initially of 2020, has been chief government since 1996.
Frisk, 56, joined the corporate in July 2017 from his place as CEO of footwear and equipment firm Aldo Group.
Since becoming a member of Underneath Armour, Frisk has performed a primary function within the firm’s turnaround plan. He’ll be a part of the board, whereas Plank transitions to government chairman and model chief.
“Our multi-year, transition strategy has ensured purposeful management continuity. Patrik is the fitting individual to function Underneath Armour’s subsequent CEO,” stated Plank.
Shares of the corporate have been up 1% in premarket buying and selling.
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