Under Armour names new president; Plank to stay on as CEO

Under Armour Inc. founder Kevin Plank will step back from his role as president of the company, the sportswear maker announced Tuesday morning, while staying on as CEO and chairman.
Patrik Frisk, 54, will become the company’s new president and chief operating officer on July 10.
Frisk was previously the CEO of Aldo Group, a footwear and accessories retail chain. He joins Under Armour as it continues to make a push to grow its footwear business.
Frisk also spent time with Greensboro, North Carolina-based…

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