Under Armour CEO to Step Down

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Under Armour CEO to Step Down
Credit: © Reuters.

By Yasin Ebrahim

Investing.com -- Under Armour said Wednesday Patrik Frisk would be stepping as chief executive on June 1.

Under Armour (NYSE: UA ) fell more than 2% in afterhours trading following the news.

Chief operating officer Colin Browne will fill the role of president and CEO on an interim basis until a successor is appointed, the company said. Frisk will serve in an advisory capacity through Sept. 1 to support the transition.

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