To our Black teammates, athletes, consumers and community. Oct 22, 2019 at 9:55 AM Under Armour announces Patrik Frisk as President and CEO on Oct. 22,2019. Now is the time that we truly need to live by our value, “Stand for Equality”. ", "Can Under Armour's New CEO Bring Back the Bulls? Gå med nu Logga in. "This is an accomplishment that we are incredibly proud of … We hear you. The Evolution of User-Generated Content… December 17, 2015. [3] Frisk restructured the company,[7] including streamlining its North American operations while expanding overseas, reassessing styles and brands, increasing sales to other chains,[9] establishing new systems and products, increasing research on customers,[10] digitizing the company,[9] and implementing Salesforce.com products to understand and communicate with customers. [14] In addition to being Under Armour's president and CEO, Frisk joined the company's board of directors. Why Sharing Data with the Rest of the… October 7, 2016. Thank you, Lance, and good morning, everyone, and welcome to our fourth quarter and year-end 2020 conference call. Patrik Frisk — President and Chief Executive Officer, Board Member. US$92 million (2019) Total assets: US$4.3 billion (2018) Total equity: US$2 billion (2018) Number of employees. [14], "Patrik Frisk To Become Chief Executive Officer Of Under Armour On January 1, 2020", "Patrik Frisk to replace Kevin Plank as the new Under Armour CEO", "Under Armour brings in new president; Plank remains CEO", "5 Things to Know About Kevin Plank's Successor, Patrik Frisk", "Timberland's Frisk Leaves to Become Aldo Group CEO", "Can Under Armour's New President Revive the Slumping Apparel Seller? Before Under Armour CEO Kevin Plank stepped down, Business Insider talked to him and his soon-would-be replacement Patrik Frisk. This commitment isn’t just to our athletes but also extends to our community. This week, we will kick off one of two new programs leveraging our social platform where athletes and teammates around the world will invite all of us into their lives and facilitate courageous and openly honest conversations on their challenges and triumphs. [3] In April 2014, Frisk was promoted to coalition president for Outdoor Americas, with responsibility for The North Face, Timberland, JanSport, Lucy Activewear, and Smartwool brands. Patrik Frisk, Under Armour president and CEO, joins ‘Closing Bell’ to discuss the company’s quarterly earnings, the future of the business and the state of retail. [3][13] He launched a multi-year restructuring plan to cut costs, reduce inventory levels, tighten operations, and stabilize business. | Under Armour has one mission: to make you better. Mr Frisk said the decision to sell MyFitnessPal was made because the app’s consumers did not fully align with the target consumers of the Under Armour brand. Under Armour Makes You Better. ", "Who is new Under Armour president Patrik Frisk? Avvisa. Our Run to Vote initiative will ensure we can work with our partners to educate, mobilize, and empower Americans so we can all make an impact on our democracy. Under Armour Inc. Q4 2020 earnings call dated Feb. 10, 2021.Corporate Participants: Lance Allega — Senior Vice President of Investor Relations and Corporate Development. [15] He continues to report to Plank. [4][5], Early in his career, Frisk was involved in several enterprises in Gällstad, Sweden, including the Swedish apparel company Ivanhoe. David E. Bergman — Chief Financial Officer. Joining us on today's call will be Under Armour President and CEO, Patrik Frisk; and CFO, Dave Bergman. At Under Armour and specifically in positions of leadership, I’m encouraged by the progress we’ve made over the last 18 months but recognize it’s not enough. We are committed to driving the actions that are necessary to improve our workforce diversity–specifically at management and leadership levels of the organization – through the following: And we are just getting started. We are a global company with incredible talent in our corporate offices, our retail locations, our distribution centers and within our family of athletes, and we owe it to them–and to all of you–to do better. Following our prepared remarks, we'll open the call for questions. We are listening and taking steps to create an authentic, sustainable global platform to educate and engage externally in real dialogue around racial justice issues in the workplace and the world of sports. Under Armour Inc. seems to finally have its swagger back. Patrick Baylor Senior Manager, Family Channel/Department Stores at Under Armour Greater Philadelphia Area 351 connections Patrik Frisk (born 1962/1963) is a Swedish/American businessman in the apparel industry. That was the predication of Patrik Frisk, who stepped into the role of chief executive officer of the Baltimore-based activewear brand a year ago. Patrik Frisk, Under Armour CEO, said there are 1 million connected shoes linked with MapMyRun. He was responsible for the company’s go-to-market strategy and the successful execution of its long-term growth plan. Jonathan Cohen, Markarian, and Sergio Hudson on Being in … We know democracy is the ultimate team sport, but too many are blocked from playing. [3] Frisk assumed the offices effective 2017, with responsibility for go-to-market strategy and execution of its long-term growth plan. Our Workplace: Accelerate Our Diversity and Inclusion Strategy. Before ascending to the CEO job, Frisk vowed to turn Under Armour into a “louder brand,” and creating an experience officer may be a move toward that goal. [13][11] He began refocusing the company on being a "performance" brand. At this moment, regardless of our intentions, regardless of our past efforts, we need to be radically honest and acknowledge that when we look back at our past track record, it’s clear we could have done more, done better, done things faster. [3][7] He subsequently held senior positions at the Swedish outdoor-apparel maker Peak Performance and at W. L. Gore and Associates, the maker of Gore-Tex fabrics. The following letter was shared by Patrik Frisk with Under Armour’s global teammates on June 8, 2020. Patrik Frisk is President/CEO at Under Armour Inc. See Patrik Frisk's compensation, career history, education, & memberships. LinkedIn. Analysts: Jim Duffy — Stifel Nicolaus — Analyst. The company reorganized so that the heads of revenue, product, marketing, supply chain, and strategy reported to Frisk, who in turn reported to Plank. Avvisa. You are not alone. Paul Trussell — Deutsche Bank — Analyst Change doesn’t happen overnight, but with committed leadership, a genuine belief to do what is right, and the means to make it happen, we know we can succeed. The change begins now, and below is how we start: Our Teammates: A Day of Healing, Listening, Learning and Action. Our commitment will start with a Day of Healing, Listening, Learning, and Action that will focus on supporting our Black teammates and facilitating education and engagement on racial justice issues within our walls and in society at large. [8], In 2014, Frisk became CEO of the footwear company and retailer Aldo Group. We see you. I want to thank those that bravely spoke out to advocate for change, especially members of our BEAT (Black Employees Achieving Together) Teammate Resource Group that have been unwavering in their commitment to making UA better. Period. He was previously president and chief operating officer of the company since 2017. We have heard from many of our athletes that they want the brand to stand with them and for them, by leveraging UA’s global reach to amplify their voices and raise awareness in the fight against racial inequality. This first virtual session will be held at the end of June. At Under Armour, we Stand for Equality. Our teammates and athletes deserve better. ", https://en.wikipedia.org/w/index.php?title=Patrik_Frisk&oldid=988498359, American chief executives of fashion industry companies, American chief executives of manufacturing companies, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 November 2020, at 15:31. Patrik Frisk (born 1962/1963) is a Swedish/American businessman in the apparel industry. Patrik har angett 6 jobb i sin profil. Terms & Conditions Avvisa. We stand with you. 60 likes 7 comments. More from WWD. [4], In October 2019, Plank announced that Frisk would become Under Armour's CEO in January 2020, while Plank would become executive chairman and brand chief. On a conference call with analysts, Patrik Frisk, president and CEO, highlighted the progress Under Armour is making with its lengthy transformation efforts in the face of a pandemic that is expected to lead to a return to profitability in 2021. [7] He helped launch Lager 157, a Swedish chain of specialty retail clothing stores, in the early 2000s. The share of analysts with a buy rating on the stock rose to nearly 30% this month -- more than double the rate in October -- as Wall Street gains confidence in the turnaround plan of Chief Executive Patrick Frisk. [11] In 2018, his total compensation at Under Armour was $6,285,000. We are committed to supporting and providing resources to not only our teammates and athletes, but our consumers and communities to advance social justice, eradicate systemic racism and be part of the work towards building a better tomorrow–for everyone. Since January 2020 he has been the president and CEO of Under Armour, when he succeeded the company's founder, Kevin Plank. Patrick Frisk, Under Armour's president and chief operating officer, has been named the replacement CEO effective January 1. ", "Patrik Frisk tapped to succeed Kevin Plank as CEO of Under Armour", "Who is new Under Armour CEO Patrik Frisk? [3], In 2017, Under Armour CEO Kevin Plank asked him to become president and chief operating officer; in doing so Plank relinquished his own status as president and also re-filled the COO position, which had not existed since 2015. President and CEO Patrik Frisk predicts Under Armour will return to profit in 2021, but a lot hinges on its next product releases. Se Patrik Frisks profil på LinkedIn, världens största yrkesnätverk. [3] Later Frisk joined the American apparel and footwear company VF Corporation. [3], Afterwards as president of The Timberland Company,[3][7] he was "credited with revitalizing the Timberland brand" during his three-year tenure at the company. Under Armour will get back in the black this year. [11] Frisk's role was also to prepare the company for the founder's son, David Bensadoun, to take over. ", "Timberland's Frisk Leaves to Become CEO of Aldo Group", "The Recession Mentality: 3 Ways Frugality Has Shaped Today's Consumer", "Can Kevin Plank's Hired Gun Help Get Under Armour Back on Track? [7] Frisk left at the end of March 2017 to make way for Bensadoun as CEO. Mr. Frisk has 30 years of experience in the apparel, footwear and retail industry. Over the past week, as my leadership team and I listened to our Black teammates express a variety of emotions from anger to frustration to exhaustion, not only about the recent incidents, but the history of social injustice and systemic racism in the United States and throughout the globe, we recognized the immense responsibility we have to do so much more. And with that, I'll turn it over to Patrik. Under Armour | 635,689 followers on LinkedIn. With second-year CEO Patrik Frisk running the show, the Baltimore-based sportswear … Most recently, Patrik was President and Chief Operating Officer. Patrik Frisk CEO. The following letter was shared by Patrik Frisk with Under Armour’s global teammates on June 8, 2020. President and CEO Patrik Frisk predicts Under Armour will return to profit in 2021, but a lot hinges on its next product releases. [2] He was previously president and chief operating officer of the company since 2017. Patrik Frisk Jobb Personer Learning Avvisa Avvisa. At Under Armour, our company values are clear: We stand with our Black teammates, athletes, consumers and community, both in the United States and around the globe, through our company value of Stand for Equality because Black Lives Matter. View articles by Patrik Frisk. We believe in supporting all of our teammates, but we are focusing our support on our Black teammates now because their communities are in danger. (Bloomberg) -- Under Armour Inc.’s slump may be nearing its end.

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