Posted 3/13/2024, 11:37:00 PM
Under Armour CEO Linnartz Steps Down After 1 Year; Founder Kevin Plank Returns to Top Spot
- Stephanie Linnartz stepped down as Under Armour CEO after just over 1 year; she had a 3-year turnaround plan
- Founder Kevin Plank returns as CEO, the company's 4th CEO in 4 years
- Under Armour has struggled to grow revenue and profits since 2015 peak
- Linnartz faced challenges like Plank's ongoing presence and the brand's muddled identity
- Investors initially welcomed Plank’s return, though shares later slid back down
