A shakeup of Under Armour’s
executive structure announced yesterday could bode well
for a long-term opinion of a company, according to one Wall
Street researcher following a company.
The biggest change: Kevin Plank, who founded a company, will
keep his CEO purpose though pass off a pretension of boss to Patrik
Frisk, who recently served as an executive for VF Corp. Frisk
will also be COO.
The outcome is that 6 executives will be stating to Plank
instead of 10, that will “finally decentralize some decision
creation within a company,”
according to research by Susquehanna International Group’s
According to Poser, this bodes good for Under Armour.
“We do trust that [Under Armour] will advantage from
stealing many of a day to day operational activities from Mr.
Plank’s plate,” Poser’s note reads. “We are also carefree that Mr.
Frisk will promote a examination of Under Armour’s long-term brand
Still, Poser and his group are endangered with Under Armour’s
short-term concentration on expansion by offered in bonus channels
but most disproportion in product, and wish that this signals a
change in focus.
“We consternation if a change of care signals any
emergence of a proxy postponement in [Under Armour] being a
expansion association in sequence to strengthen a Under Armour brand,” Poser