Under Armour shakeup: Kevin Plank returns as CEO

Under Armour (UA, UAA) announced founder Kevin Plank is returning to the company as CEO effective April 1. He replaces Stephanie Linnartz, who will be stepping down and leaving the company board. Mohamed El-Erian, who has been a lead director of the board, will now become its non-executive chair.

Yahoo Finance's Julie Hyman, Josh Lipton, and Brian Sozzi discuss the breaking details.

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Editor's note: This article was written by Stephanie Mikulich