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2019-10-23 15:24:15

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

Founder and CEO of Under Armour Kevin Plank speaks during an IBM keynote address at the 2016 CES trade show in Las Vegas, Nevada, Jan. 6, 2016.Reuters/Steve Marcus

Kevin Plank founded Under Armour, a leading athletic-wear brand, 23 years ago in his grandmother's basement.On October 22, Under Armour announced that Plank would be stepping down from his role as CEO and will be replaced by COO Patrik Frisk on January 1.Plank will become the executive chairman and brand chief. Plank has a net worth of $1.8 billion. Here's a look at how he built Under Armour and how he spends his money.Visit Business Insider's homepage for more stories.

In a Tuesday morning statement, Under Armour announced that the company's founder, Kevin Plank, would be stepping down as CEO, effective January 1. He will be replaced by Patrik Frisk, the company's current president and chief operating officer.

According to the statement, Plank will become the executive chairman and brand chief at Under Armour, a company he founded in his grandmother's Washington D.C. basement in 1996.

Read more: As Under Armour's longtime CEO steps down, here's how the company went from a new hotshot sportswear brand taking on Nike to having a wholly uncertain future

Patrik is the right person to serve as Under Armour's next CEO, Plank said in a statement. As my partner during the most transformative chapter in our history, he has been exceptional in his ability to translate our brand's vision into world-class execution by focusing on our long-term strategy and re-engineering our ecosystem through a strategic, operational and cultural transformation.

Keep reading for a look at how Kevin Plank, who is worth $1.8 billion, built Under Armour and established his wealth — and how he spends it.

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Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

Kevin Plank founded Under Armour, a leading...

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

Features,Arts & Culture,Kevin Plank,Under Armour,Billionaires,BI Select

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

2019-10-23T15:13:00+02:00

2019-10-22T16:12:32+02:00

2019-10-23T15:13:10+02:00

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BusinessInsiderDe

https://www.businessinsider.de/assets/images/logos/og-image-logo.png

Kevin Plank founded Under Armour, a leading athletic-wear brand, 23 years ago in his grandmother's basement. On October 22, Under Armour announced that Plank would be stepping down from his role as CEO and will be replaced by COO Patrik Frisk on January 1. Plank will become the executive chairman and brand chief.  Plank has a net worth of $1.8 billion. Here's a look at how he built Under Armour and how he spends his money. Visit Business Insider's homepage for more stories. In a Tuesday morning statement, Under Armour announced that the company's founder, Kevin Plank, would be stepping down as CEO, effective January 1. He will be replaced by Patrik Frisk, the company's current president and chief operating officer. According to the statement, Plank will become the executive chairman and brand chief at Under Armour, a company he founded in his grandmother's Washington D.C. basement in 1996. Read more: As Under Armour's longtime CEO steps down, here's how the company went from a new hotshot sportswear brand taking on Nike to having a wholly uncertain future Patrik is the right person to serve as Under Armour's next CEO, Plank said in a statement. As my partner during the most transformative chapter in our history, he has been exceptional in his ability to translate our brand's vision into world-class execution by focusing on our long-term strategy and re-engineering our ecosystem through a strategic, operational and cultural transformation. Keep reading for a look at how Kevin Plank, who is worth $1.8 billion, built Under Armour and established his wealth — and how he spends it.

international

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

Kevin Plank founded Under Armour, a leading...

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

Features,Arts & Culture,Kevin Plank,Under Armour,Billionaires,BI Select

Kevin Plank, who founded Under Armour in his grandmother's basement, is stepping down as the company's CEO. Here's how the billionaire makes and spends his money.

2019-10-23T15:13:00+02:00

2019-10-23T15:13:10+02:00

https://static3.businessinsider.de/image/5db0521b695b58046262e18c-500-250/kevin-plank-who-founded-under-armour-in-his-grandmothers-basement-is-stepping-down-as-the-companys-ceo-heres-how-the-billionaire-makes-and-spends-his-money.jpg

BusinessInsiderDe

https://www.businessinsider.de/assets/images/logos/og-image-logo.png

Kevin Plank founded Under Armour, a leading athletic-wear brand, 23 years ago in his grandmother's basement. On October 22, Under Armour announced that Plank would be stepping down from his role as CEO and will be replaced by COO Patrik Frisk on January 1. Plank will become the executive chairman and brand chief.  Plank has a net worth of $1.8 billion. Here's a look at how he built Under Armour and how he spends his money. Visit Business Insider's homepage for more stories. In a Tuesday morning statement, Under Armour announced that the company's founder, Kevin Plank, would be stepping down as CEO, effective January 1. He will be replaced by Patrik Frisk, the company's current president and chief operating officer. According to the statement, Plank will become the executive chairman and brand chief at Under Armour, a company he founded in his grandmother's Washington D.C. basement in 1996. Read more: As Under Armour's longtime CEO steps down, here's how the company went from a new hotshot sportswear brand taking on Nike to having a wholly uncertain future Patrik is the right person to serve as Under Armour's next CEO, Plank said in a statement. As my partner during the most transformative chapter in our history, he has been exceptional in his ability to translate our brand's vision into world-class execution by focusing on our long-term strategy and re-engineering our ecosystem through a strategic, operational and cultural transformation. Keep reading for a look at how Kevin Plank, who is worth $1.8 billion, built Under Armour and established his wealth — and how he spends it.

international


businessinsider.de Taylor Borden, Business Insider
under plank armour down founded stepping money spends basement heres kevin companys






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