Attire maker Beneath Armour mentioned on Wednesday that founder Kevin Plank will return to the corporate as CEO, efficient April 1.
The corporate’s shares rose 6 p.c to $8.26 after the bell.
Plank based Beneath Armour in 1996 and served as the corporate’s prime boss until 2019. In January 2020, Plank was appointed as the corporate’s govt chair and model chief.
Beneath Armour mentioned Plank would succeed Stephanie Linnartz, who will step down as president, CEO and member of the board.
By Arunima Kumar; Enhancing by Alan Barona and Shounak Dasgupta
Be taught extra:
Under Armour Cuts Revenue Forecast on North America Concerns
The athletic-goods maker sees income falling 2 p.c to 4 p.c, down from the earlier view of flat to up barely, however maintained its revenue steering of 47 cents to 51 cents a share due to the energy of its second-quarter earnings.
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