Williams Trading Downgrades Under Armour, Inc. (UAA) to Hold

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Go back to Williams Trading Downgrades Under Armour, Inc. (UAA) to Hold

Under Armour (UAA) Stock Plunges on CEO Change, Morgan Stanley Downgrades to Equal Weight on Rising Uncertainty

May 19, 2022 9:03 AM EDT

Under Armour (NYSE: UAA) announced yesterday that its president and CEO Patrik Frisk will be stepping down from his position, effective June 1.

The move comes as the sports equipment maker seeks Frisks replacement, with the current COO Colin Brown set to serve as Under Armours interim president and CEO. Frisk will remain with the company as an advisor through September.

The specific reasons behind Frisks exit remain undisclosed. Frisk joined Under Armour in 2017 and became the retailers CEO in January 2020, replacing the companys founder and then-CEO, Kevin... More