Under Armour CEO Unexpectedly Steps Down, Receives $7.1 Million in Severance Posted byMadeline Garfinkle May 19, 2022 Leave a comment on Under Armour CEO Unexpectedly Steps Down, Receives $7.1 Million in Severance After two years on the job, Patrik Frisk will step down as CEO of Under Armour, effective June 1.