Patrik Frisk, Under Armour’s president since 2017, will become chief executive officer on Jan. 1, the company said Tuesday. Plank led Under Armour through a multiyear restructuring that he’s called one of the most challenging periods for the company. AdvertisementWith Under Armour ready to switch to offense from defense -- amid lingering doubts about its direction -- Plank made the decision to step aside. He has said that first product was the launch of a new category in sports apparel -- performance apparel. He also served two stints as company president, from 1996 to 2008, and again from 2010 to 2017.

Source: Los Angeles Times October 22, 2019 13:52 UTC