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Under Armour: share down as boss quits suddenly

( - Under Armour shares are down 8% on the New York Stock Exchange on Thursday, as the US sporting goods specialist was hit by the announcement that its chief executive Patrik Frisk was leaving.

Frisk, who joined the Baltimore-based group in 2017 before taking over as chief executive two years later, will step down on 1 June.

In a reaction note, analysts at Wedbush Securities refer to a totally "unexpected" departure, expressing its surprise.

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