On Holding Adds Former H&M CEO Helena Helmersson to Board

On Holding has appointed Helena Helmersson, former CEO of H&M Group, to its Board of Directors and the Nomination and Compensation Committee, marking a significant leadership update that could strengthen the company's strategic and operational framework. Helmersson's extensive experience includes roles as H&M's Head of Sustainability, Global Head of Production, COO, and CEO, bringing a strong background in retail, operations, and purpose-driven leadership to On. On's co-founder, David Allemann, emphasized that Helmersson's track record will be a powerful asset as the company continues its global growth and aims to become a premium sportswear brand. The governance changes coincide with On Holding's recent stock surge of 33%, outperforming the broader market and luxury industry, reflecting robust investor confidence and optimistic financial forecasts. Helmersson expressed enthusiasm about contributing to On's unique blend of innovation, performance, and impact as it scales globally. Her appointment replaces retiring board member Kenneth Fox, who helped guide On through its IPO and early growth stages.