trending Market Intelligence /marketintelligence/en/news-insights/trending/Cu0Wu2fWPy9QWch4yrIlVQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Under Armour CEO resigns from Trump's manufacturing council

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Under Armour CEO resigns from Trump's manufacturing council

Under Armour Inc. founder and CEO Kevin Plank said he was stepping down from President Donald Trump's American Manufacturing Council, joining resignations by leaders of Merck & Co. Inc. and Intel Corp. after Trump's response to the recent violence in Charlottesville, Va.

"Under Armour engages in innovation and sports, not politics," Plank said in a statement late on Aug. 14 that was also posted on the company's Twitter account.

"I love our country and our company, and will continue to focus my efforts on inspiring every person that they can do anything through the power of sport which promotes unity, diversity and inclusion," he added.

Plank's move comes shortly after Merck Chairman and CEO Kenneth Frazier, the only black executive on the council, resigned from the group after Trump did not specifically address white supremacists and neo-Nazis in denouncing the violent events in Charlottesville on Aug. 12, which led to the death of a 32-year-old woman. Intel CEO Brian Krzanich also tendered his resignation from the advisory council Aug. 14.

Trump sent a tweet shortly after Frazier's announcement, but has not yet responded to the departures of Plank and Krzanich.