Under Armour CEO Ranked Among Worst In New Survey

BALTIMORE, MD — What does Under Armour have in common with Blue Apron and IBM? The Baltimore-based sportswear company was among 20 businesses that have the "worst CEOs in America," according to a review by a group of financial analysts.

The "20 Worst CEOs in America 2017" list was released on Wednesday by finance site 24/7 Wall St.

Under Armour CEO Kevin Plank was No. 4 on the list, behind the leaders of IBM, General Electric and Macy's.

To come up with what it deemed the "worst CEOs," the 24/7 Wall St. analysts looked at stock price changes, earnings and revenue and tenure at a company.

Under Armour's share price has gone down 45 percent year to date, according to 24/7 Wall St.

The company named a new president in June, while Plank has remained the CEO of the company he founded in 2003.

Under Armour is a "great story of a company that grew from a basement operation into a powerhouse in a relatively short time, and Kevin Plank deserves much of the credit for that," according to 24/7 Wall St. "Yet sometimes the founder of a company is not the best captain of the ship when navigating choppy waters."

As it has grown, Under Armour has faced pressure from Nike and Adidas, according to 24/7 Wall St.

In addition, Plank drew criticism from athletes who had previously supported his company after he made positive statements about the country's new president. Plank had been selected to sit on the American Manufacturing Council, a group convened by President Donald Trump, whom he hailed as "pro-business" and "a real asset for our country."

See the full list of "worst CEOs of 2017," compiled by 24/7 Wall St.

Pictured, Under Armour CEO Kevin Plank speaks at the Fast Company Innovation Festival on Nov. 3, 2016, in New York City. (Photo by Brad Barket/Getty Images for Fast Company)