Business > Business

Under Armour's CEO once withdrew thousands of dollars from an ATM at the Masters, and it shows how far his company has come

20 days ago   |   By Business Insider

Under Armour CEO Kevin Plank is stepping down as chief executive from the company he founded 23 years ago.
About 10 years ago, Plank had to offer a golfer $8,000 up-front to wear Under Armour gear at the Masters .
Since then, the company has scored endorsement deals with high-profile athletes including Steph Curry , Tom Brady , Jordan Spieth , Michael Phelps , Cam Newton , and Lindsey Vonn .
Visit Business Insider's homepage for more stories.
Kevin Plank is stepping down as chief executive of Under Armour in January after more than 20 years at the company he founded.
As the CEO of Under...
Read more ...

 

Under Armour's longtime CEO is stepping down: How the company went from a new hotshot sportswear company taking on Nike to having a wholly uncertain future

Under Armour's longtime CEO is stepping down: How the company went from a new hotshot sportswear company taking on Nike to having a wholly uncertain future

21 days ago   |   By Business Insider

Under Armour , still a leading athletic-wear seller, has fallen into a bit of a rut.
On Tuesday , the company's founder, Kevin Plank, stepped down from his role as CEO after 23 years. Plank will be replaced by COO Patrik Frisk.
The brand has struggled in recent years. In its most recent earnings results , the company missed revenue forecasts and said it expects sales to decline in North America throughout 2019.
It has had massive problems in the past, including $1.3 billion in leftover merchandise in 2018, shrinking popularity among teens , and a scandal involving executives going to strip...
Read more ...

 

Under Armour founder, CEO Kevin Plank is stepping down

Under Armour founder, CEO Kevin Plank is stepping down

21 days ago   |   By New York Post

Under Armour said on Tuesday its founder and long-time Chief Executive Officer Kevin Plank will step down from the role next year and be succeeded by Chief Operating Officer Patrik Frisk. Plank, who will relinquish the role at the beginning of 2020, has been chief executive since 1996. Frisk, 56, joined the company in July...
Read more ...

 

Under Armour founder Kevin Plank is stepping down as CEO

Under Armour founder Kevin Plank is stepping down as CEO

21 days ago   |   By ABC

Under Armour is making changes at the top as it continues to struggle against its rivals.
Read more ...

 

Under Armour climbs after founder Kevin Plank steps down as CEO

Under Armour climbs after founder Kevin Plank steps down as CEO

21 days ago   |   By Business Insider

Under Armour announced Tuesday that CEO Kevin Plank will step down. Current chief operating officer Patrik Frisk will replace him in the top spot on January 1, 2020 .
Shares of Under Armour gained as much as 3% on the news.
The leadership change comes during a time when the company is trying to reinvent itself as a leading sportswear brand.
Watch Under Armour trade live on Markets Insider .
There will soon be a new leader at Under Armour. After 23 years leading the company he founded in his grandmother's basement , CEO Kevin Plank is stepping down .
Shares of the sportswear company gained...
Read more ...

 

Kevin Plank is stepping down as CEO of Under Armour

Kevin Plank is stepping down as CEO of Under Armour

21 days ago   |   By Business Insider

Under Armour's Kevin Plank is stepping down as CEO of the business.
Plank, who founded the company in 1996, will become executive chairman and brand chief.
Patrik Frisk has been named at the replacement CEO effective 1 January 2020.
Visit BusinessInsider.com for more stories .
Under Armour's founder Kevin Plank is stepping down from his role as CEO of the company after 23 years.
Plank will take on the roles of executive chairman and brand chief at Under Armour. His duties as CEO will be taken up by Patrik Frisk, currently president and chief operating officer of the company. Frisk will...
Read more ...

 

Kevin Plank to step down as CEO at Under Armour

Kevin Plank to step down as CEO at Under Armour

21 days ago   |   By WBALTV

Under Armour founder Kevin Plank to relinquish CEO position, Patrik Frisk, chief operating officer, to take the job.
Read more ...

 

Under Armour's Kevin Plank Is Stepping Down As CEO

Under Armour's Kevin Plank Is Stepping Down As CEO

21 days ago   |   By Fortune

Under Armour founder and Chief Executive Kevin Plank will step down from the sports apparel company's top role in January, handing over the reins to its president, Patrik Frisk , at a time when the company is struggling to right its key North American business.
Plank founded Under Armour in 1996 in Baltimore. Its first product, a sweat-wicking shirt for football players he made in his grandmother's basement, became the cornerstone of what's now a $5-billion-a-year business. He will stay on as executive chairman and brand chief after the change goes into effect on New Year's Day.
As brand...
Read more ...

 


Search by Tags

   Business      Action News Sports      U.s. & world      Market      World      Sport      Running      CEO      CEO succession      Kevin Plank      Under Armour  


10 things you need to know before the opening bell

10 things you need to know before the opening bell

Here is what you need to know. 1. Airbnb CEO Brian Chesky said that WeWork's IPO fiasco has given tech companies a lesson in responsibility. Chesky, who unsurprisingly tried to... Read more ...

The opening episode of 'The Mandalorian' ends on a surprising cliffhanger...

The opening episode of 'The Mandalorian' ends on a surprising cliffhanger. Here's what you need to know

Warning: Spoilers ahead for "The Mandalorian." Disney Plus' new "Star Wars" TV series "The Mandalorian" premiered Tuesday on the streaming service. The first episode ends with... Read more ...

AI IN BANKING: Artificial intelligence could be a near $450 billion...

AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks - here are the strategies the winners are using

This is a preview of the AI IN BANKING research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research... Read more ...

WeWork is reportedly talking with T-Mobile's famously eccentric boss John...

WeWork is reportedly talking with T-Mobile's famously eccentric boss John Legere about taking over as CEO

Embattled office-sharing company WeWork is reportedly looking for a new chief executive after cofounder and former CEO Adam Neumann was ousted . The company is reportedly in... Read more ...

WeWork is reportedly in talks with T-Mobile head John Legere to be its CEO...

WeWork is reportedly in talks with T-Mobile head John Legere to be its CEO. Here's how he's led a massive turnaround of his wireless company

On Monday, the Wall Street Journal reported that T-Mobile head John Legere was in consideration for the CEO role at WeWork. WeWork, under its parent the We Company, has been... Read more ...

Popeyes Hysteria Creates A Black Market For Chicken Sandwiches

Popeyes Hysteria Creates A Black Market For Chicken Sandwiches

Popeyes continues to stir various emotions with their much-hyped chicken sandwich. In some instances, the promotional item is linked to tragedy, such as the recent death of a... Read more ...

Video shows the moment an American Airlines plane slides off the runway in...

Video shows the moment an American Airlines plane slides off the runway in snowy Chicago

An American Airlines regional jet slid off the runway at Chicago O'Hare airport Monday morning, in an incident captured on video from inside the plane. No one was hurt when... Read more ...

Google and a massive hospital system are reportedly collecting private...

Google and a massive hospital system are reportedly collecting private health data on millions of Americans in secret

Google has teamed up with the hospital system Ascension to collect personal health information on millions of Americans, The Wall Street Journal reported. Data such as lab... Read more ...

Nike, Old Navy, J.Crew, and others are launching sales to counter China's...

Nike, Old Navy, J.Crew, and others are launching sales to counter China's biggest shopping holiday of the year

Alibaba just wrapped up its massive, 24-hour shopping event Singles Day on Monday, earning more than $38.3 billion in total and soaring past comparable US shopping events like... Read more ...

Popeyes Hysteria Creates A Black Market For Chicken Sandwiches

Popeyes Hysteria Creates A Black Market For Chicken Sandwiches

Popeyes continues to stir various emotions with their much hyped chicken sandwich. In some instances, the promotional item is linked to tragedy, such as the death of a Popeyes... Read more ...