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Under Armour CEO to Exit After 2 Years With Stock in Free Fall

  • COO Colin Browne named interim CEO as board begins search
  • Patrik Frisk joined firm in 2017, took CEO role in early 2020
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WATCH: Under Armour Inc. CEO Patrick Frisk is stepping down from the athletic-wear brand after disappointing quarterly results hammered the stock this month. Source: Bloomberg
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Under Armour Inc. Chief Executive Officer Patrik Frisk is stepping down from the struggling athletic-wear brand after disappointing quarterly results hammered the stock this month. 

Chief Operating Officer Colin Browne, who has been at Under Armour since 2016, will become interim CEO on June 1 as the board begins its search for a permanent replacement, the company said on Wednesday. Frisk, who the company declined to make available, will stay on as an adviser through August.