Under Armour CEO Frisk will step down June 1; company begins executive search
Under Armour CEO Patrik Frisk is leaving the Baltimore-based athletic apparel maker June 1 after little more than two years at the helm, the company announced late Wednesday. Frisk, who also serves as president and engineered what the company billed as a recently completed turnaround of the sports brand, also will step down from the company’s board of directors. Under Armour’s board has begun an internal and external search for a new president and CEO, the company said. Until a successor is named, Colin Browne, the company’s chief operating officer, will serve in those roles on an interim basis.