Under Armour CEO search continues as brand reports small profit in first quarter of new fiscal year

Under Armour founder Kevin Plank made a rare public appearance for the company Wednesday to say the search for a new CEO is progressing, with a decision expected before the end of the year. Former CEO Patrik Frisk left the Baltimore-based athletic apparel maker June 1 after just more than two years at the helm and after engineering a recently completed multiyear turnaround.