Under Armour Names Aldo CEO Patrick Frisk As New COO

Under Armour Inc. said Tuesday it has appointed Patrick Frisk as its new chief operating officer, effective July 10. Frisk comes to the job from footwear company The Aldo Group, where he was chief executive. The executive has also done stints at Outdoor Americas, Timberland and Outdoor & Action Sports. Under Armour also named Paul Fipps as chief technology officer and Colin Browne as chief supply chain officer. Shares were not yet active premarket, but have fallen 20% in 2017, while the S&P 500 has gained 9%.