May 18 (Reuters) - Under Armour Inc said on Wednesday Chief Executive Officer Patrik Frisk would step down from his role effective June 1.

The company said its board has initiated an internal and external search process to identify a permanent CEO and named Chief Operating Officer Colin Browne as its interim chief executive.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Amy Caren Daniel)