Under Armour CEO Kevin Plank Announces Plan to Step Down

Under Armour Founder and CEO Kevin Plank will officially step down from his post as CEO of the Baltimore-based sportswear company beginning next year. Plank has been acting Chairman and CEO of Under Armour since he founded the brand back in 1996, but he will now transition to a role as Executive Chairman and Brand Chief where he will primarily focus on "product elevation, amplifying the brand story and stewarding the company's strong team culture."Plank's predecessor will be Patrik Friske, a vet...