Categories Retail

Under Armour names Patrik Frisk as new CEO

Under Armour Inc. (NYSE: UA) announced that it has named Patrik Frisk as the new Chief Executive Officer, effective January 1, 2020. Frisk, who is currently President & COO, will replace Kevin Plank, who in turn will become Executive Chairman & Brand Chief.

Frisk will serve as CEO & President and he will report to Kevin Plank. He will also join the company’s Board of Directors. Frisk joined Under Armour in 2017 and he has around 30 years of experience in the retail industry. Before joining Under Armour, he was CEO of The ALDO Group.

Kevin Plank said, “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.”

Shares of Under Armour gained 2.3% in premarket hours on Tuesday. The company is set to report its third quarter 2019 earnings results on November 4.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top