Wall Street Reacts To Under Armour CEO Transition
May 25, 2022
Effective June 1, Frisk will step down but stay as an advisor to support the transition through September 1, 2022. Under Armour’s board has initiated a search for his replacement.
During his tenure, Under Armour’s revenues increased by $704 million, and its operating margin expanded to 9.3 percent from a trough of 3.1 percent in FY17. SGB Media