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.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
