Under Armour president and chief executive Patrik Frisk is to step down next month.
In a statement, the sportswear brand said it has commenced an internal and external search process to identify his successor. In the meantime, Under Armour chief operating officer Colin Browne will be appointed as interim president and chief executive on 1 June. To support the transition, Frisk will remain with Under Armour as an advisor until 1 September.
Since joining Under Armour in 2017, Frisk has been credited with helping to develop a long-term strategic plan that underscores the brand’s commitment to athletic performance by re-engineering its structure, systems and go-to-market process.
