On Holding Shifts to Single CEO, Marc Maurer to Depart

On Holdings is transitioning to a single-CEO structure as Martin Hoffmann, the current co-CEO and CFO, is set to take over as sole CEO on July 1, 2025. This change follows the decision of co-CEO Marc Maurer to depart after 12 years, during which he helped establish On as a significant player in the sportswear industry, including a successful IPO in 2021. Maurer will remain in his role until June 30, 2025, and will continue to serve as an advisor until March 2026. The company also announced the appointment of four new senior leaders to strengthen its management team. Founders David Allemann and Caspar Coppetti will continue to lead On’s product organization. The leadership transition is seen as a strategic move to support the company's growth and profitability goals.