Kevin Plank to step down as Under Armour CEO

Under Armour announced Tuesday that CEO and Founder Kevin Plank will be moving to the role of executive chairman and brand chief as it elevates President and COO Patrik Frisk to the role of CEO. The change will be effective January 1, 2020. CNBC's Courtney Reagan reports.
Tue, Oct 22 20197:11 AM EDT