By  on October 22, 2019

The Kevin Plank era is coming to an end at Under Armour.

In a surprise announcement before the markets opened Tuesday, the Baltimore-based company said Patrik Frisk, who joined the sports brand as president and chief operating officer in 2017, will take over as chief executive officer on Jan. 1. Plank, Under Armour’s highly visible founder, will become executive chairman and brand chief.

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