© Reuters.
By Yasin Ebrahim
Investing.com — Under Armour said Wednesday Patrik Frisk would be stepping as chief executive on June 1.
Under Armour (NYSE:) fell more than 2% in afterhours trading following the news.
Chief operating officer Colin Browne will fill the role of president and CEO on an interim basis until a successor is appointed, the company said. Frisk will serve in an advisory capacity through Sept. 1 to support the transition.
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