June 27 (UPI) -- Apparel maker Under Armour Inc. announced Tuesday CEO Kevin Plank will step back from his role as president, ceding the position to Patrik Frisk, who also will serve as chief operating officer.
The company also revealed other management changes to align the Baltimore-based company's "organizational structure to better leverage its digital business, support its move toward category management, and drive greater operational efficiency across the organization," a statement Tuesday said.