Dow futures fell sharply Thursday after the 30-stock average posted its biggest daily loss since June 2020
CEO Patrik Frisk is stepping down, as of June 1, to be replaced on an interim basis by Chief Operating Officer Colin Browne. Frisk became CEO of the athletic apparel maker at the beginning of 2020, just before the Covid pandemic hit. Sales have fallen nearly 50% since then.
Under Armour slid 5.3% in premarket trading., without defending champion Phil Mickelson. He's extending his self-imposed break from the tour after his comments about an alternative Super Golf League in Saudi Arabia. Tiger Woods, Rory McIlroy, and Jordan Spieth are grouped together for the first two rounds.
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