kevin plank
Under Armour founder and CEO Kevin Plank speaks at a press conference in 2012.

Allison Joyce/Getty

Under Armour CEO Kevin Plank announced on Monday that he is stepping down from President Donald Trump’s American Manufacturing Council, saying the company “engages in innovation and sports, not politics.”

The move comes after Merck CEO Kenneth Frazier, the only black business leader in the council, resigned from the group after Trump initially failed to explicitly denounce white nationalists following the events in Charlottesville, Virginia.

A number of other CEOs have said they will remain on the council in order to impact policy going…