Frisk to Remain as Advisor Until September 2022

  • Under Armour CEO Patrik Frisk to step down on June 1, 2022
  • Colin Browne appointed as interim president and CEO until successor is named
  • Frisk will remain with the company as an advisor through September 1, 2022
  • Under Armour has made significant strides under Frisk’s leadership

Under Armour has announced that Patrik Frisk will step down as president and CEO, effective June 1, 2022. The company’s board has initiated a search for a permanent replacement. Colin Browne, the current COO, will serve as interim president and CEO starting from the same date. Frisk, who joined Under Armour in 2017, played a key role in restructuring the company and strengthening its foundation. He will continue to advise the company until September 1, 2022. Founder Kevin Plank praised Frisk’s contributions and expressed confidence in Browne’s ability to ensure a smooth transition.

Factuality Level: 10
Factuality Justification: The article provides accurate information about Patrik Frisk stepping down as president and CEO of Under Armour, the company’s search for a permanent replacement, Colin Browne taking over as interim president and CEO, and Frisk’s contributions to the company. It also includes quotes from Kevin Plank and Frisk themselves, making it a reliable source of information.
Noise Level: 2
Noise Justification: The article provides relevant information about a change in leadership at Under Armour and includes statements from key figures involved. It is concise and stays on topic without diving into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: Under Armour’s stock price may be impacted by the change in leadership
Financial Rating Justification: The article discusses changes in leadership at Under Armour, a publicly traded company, which can potentially affect its financial performance and stock price.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: No extreme event occurred in the last 48 hours, but there is a change in leadership at Under Armour with Patrik Frisk stepping down as president and CEO.

Reported publicly: www.retailsector.co.uk