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Wed, April 5 at 4:00PM ET
 
 
 
 

UA Stock Alert: What to Know About Under Armour’s New CEO

  • Under Armour (UA) stock is moving today as the company gains a new CEO.
  • Stephanie Linnartz will become CEO as well as President and join the Board of Directors.
  • Linnartz will begin in her new roles at Under Armour on Feb. 27, 2023.
UA Stock. Under Armour on Michigan Avenue in Chicago

Source: Sorbis / Shutterstock.com

Under Armour (NYSE:UA, NYSE:UAA) stock is in the news today after the company named Stephanie Linnartz as its next leader. Linnartz will take on the role of CEO at Under Armour starting on Feb. 27, 2023. The exec will also take the position of President and claim a seat on the board.

Linnartz is joining Under Armour with roughly 25 years of experience leading global companies. Her most recent role saw her act as President of Marriott International (NASDAQ:MAR).

The decision to bring Linnartz on as the new CEO was made by a “committee of independent members of Under Armour’s Board of Directors.” With Linnartz taking over the position, current interim CEO Colin Browne will return to his role as COO.

UA Stock Movement Following the CEO News

UA stock investors aren’t having the most positive reception to this news. Trading is fairly light today with some 1 million shares on the move. The company’s daily average trading volume is closer to 3.3 million shares.

To go along with that, shares of UA stock are down 3.1% as of Thursday morning. UA stock is down 53.8% since the start of the year as well.

Investors searching for all of the latest stock market news are in luck!

InvestorPlace is home to the hottest stock news traders need to know about on Thursday! Among that is what has shares of Mullen Automotive (NASDAQ:MULN), Cenntro Electric (NASDAQ:CENN) and IsoPlexis (NASDAQ:ISO) stock moving today. You can learn more on these matters at the links below!

More Thursday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2022/12/ua-stock-alert-what-to-know-about-under-armours-new-ceo/.

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