Under Armour
Under Armour may have just given a sign they’ll focus on the long-term instead of growth.

Getty/Spencer Platt

A shakeup of Under Armour’s executive structure announced yesterday could bode well for the long-term outlook of the company, according to one Wall Street analyst following the company.

The biggest change: Kevin Plank, who founded the company, will retain his CEO role but pass off the title of president to Patrik Frisk, who recently served as an executive for VF Corp. Frisk will also be COO.

The result is that six…