Key TakeawaysSo-called "boomerang CEOs" are executives who return to lead a company for a second time after previously stepping down (or being fired) from the role.Companies may choose to bring back prior CEOs during times of crisis or when they want to eliminate onboarding time with a leader well aware of the firm.Some examples of successful boomerang CEOs have included Steve Jobs of Apple and Howard Schultz of Starbucks, both of whom helped to rescue their companies from poor performance.A 2020 study by M ...

Curry Brand Signs University of South Carolina Guard as its First Collegiate Athlete BALTIMORE, March 15, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) announced today that it has signed University of South Carolina guard MiLaysia Fulwiley to a multi-year NIL (name, image, and likeness) partnership with Curry Brand. As the first collegiate athlete to sign with Curry Brand at an Under Armour school, Fulwiley will wear Curry Brand footwear on the court throughout the remainder of her college career ...

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Wall Street is not pleased that Under Armour's founder Kevin Plank is returning as its CEO. Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late Wednesday that CEO Stephanie Linnartz would be stepping down after barely a year on the job and Plank would replace her on April 1. Following the announcement, both Williams Trading and Evercore ISI downgraded Under Armour and lower ...

Founder Kevin Plank is back at the helm at Under Armour (UA -11.38%) (UAA -12.98%), and investors aren't quite sure what to make of the development. Shares of the athletic apparel brand are down 11% as of 10:45 a.m. ET following news of the surprise CEO change.A quick hook for the company's current CEOPlank founded Under Armour in 1996 and led the company through most of its growth before stepping down four years ago. He will replace Stephanie Linnartz, who joined about a year ago after spending 30 years at ...

Kevin Plank will return as Under Armour's CEO on April 1, but UAA is lower in responseUnder Armour Inc (NYSE: UAA) stock was last seen down 12% to trade at $7.12, following news that founder Kevin Plank will return as CEO on April 1 to replace Stephanie Linnartz. Plank has been serving as the apparel retailer's executive chair and brand chief since 2020.Today's bear gap is pacing to be the stock's worst single-session drawdown since a May 2022 post-earnings selloff of 23.8%. The shares are trading at their ...

Under Armour Inc (NYSE:UA) has announced founder Kevin Plank will return to the helm of the sportswear company next month. Having set up Under Armour in 1996 and served as chief executive until 2019, Plank will replace Stephanie Linnartz, who is set to step down after little over a year. “I feel honoured to have served as Under Armour's President and chief executive,” Linnartz said.  “I am proud of our progress against our strategic plan, including strengthening our team, evolving our products and marketing ...

Apparel maker Under Armour said Wednesday that founder Kevin Plank will return to the company as CEO, effective April 1.The company’s shares rose 6% to $8.26 after the bell.Kevin Plank is returning as CEO of Under Armour. AFP/Getty ImagesUnder Armour shares rose 6% after hours. REUTERS Plank founded Under Armour in 1996 and served as the company’s top boss till 2019. In January 2020, Plank was appointed as the company’s executive chair and brand chief.Under Armour said Plank would succeed Stephanie Linnartz ...

Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018.Under Armour founder Kevin Plank will return as CEO more than four years after leaving the post, the athletic apparel retailer said Wednesday. Plank will take over effective April 1 and will succeed Stephanie Linnartz, who will stay on with the company as an advisor through the end of April. Plank, currently chair of the company's board, will remain a director but will hand over the chair position to Mohamed ...

Kevin Plank to Become Chief Executive Officer; Mohamed A. El-Erian, Under Armour's Lead Director, Named Chair of the Board BALTIMORE, March 13, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Kevin Plank will become President & Chief Executive Officer, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as President & Chief Executive Officer and member of the Board. In connection with Plank's appointment, Dr. Mohamed A. El-Erian, an independ ...

Key PointsUnder Armour boosted gross margins by 100 bps to 45.2% and lowered inventories by 9.1% to $1 billion in fiscal Q3 2024, lifting EPS forecasts.Under Armour developed a new performance stretch fabric, NEOLAST, a sustainable alternative to spandex, to launch in 2024.Under Armour stock trades at just 9x earnings compared to Nike at 30x and Lululemon at 59x.5 stocks we like better than Lululemon AthleticaSports apparel and footwear company Under Armour Inc. (NYSE: UAA) gave shareholders a shot of optim ...