Under Armour founder Kevin Plank will take over as CEO of the company on April 1. www.cnbc.com/2024/03/13/kevin-plank-returns-as-under-armour-ceo-mohamed-el-erian-named-board-chair.html
Quick Glance: Plank Returns as Under Armour CEO, Replaces Linnartz
- The era of Stephanie Linnartz at Under Armour has come to an abrupt end, and Kevin Plank is back in charge.
- On Wednesday, the Baltimore-based sports brand announced that Linnartz would be stepping down as president, chief executive officer, and a member of the board, and will be succeeded by Under Armour’s founder effective April 1.
- Under Armour’s shares were basically flat during trading hours, but fell 1.2 percent after hours on the news of Linnartz’ departure.
- The company's future trajectory with Plank back at the helm will be intriguing to observe.
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