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Under Armour founder Kevin Plank to return as CEO; shares rise

Investing.com -- Under Armour (NYSE:UA) said Wednesday its founder Kevin Plank is set to return to take the helm as chief executive officer starting Apr. 1, succeeding Stephanie Linnartz, to steer the athletic apparel company through a challenging backdrop for sportswear makers.

Under Armour Inc A (NYSE:UAA) jumped 10% in afterhours following the news.

As part of the leadership shakeup, Mohamed El-Erian was named as chairman. Linnartz remain as an advisor through the end of April.

 



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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.