On Holding co-CEO Marc Maurer to depart

On (ONON) announced a strategic evolution of its leadership structure. On will transition to a single-CEO structure-with current co-CEO and CFO Martin Hoffmann assuming the role of CEO. After 12 years of leadership, current co-CEO Marc Maurer has decided to depart On. Maurer will stay in his role until June 30 and then continue to advise the partners and the board of directors until March 2026. Martin Hoffmann, co-CEO and CFO, will assume the role of sole CEO, effective July 1. The founders of On – David Allemann and Caspar Coppetti as executive co-chairmen, and Olivier Bernhard as an executive board member – will continue to manage On’s product organization. On also announced the appointment of four key senior leaders: Katarina Berg as chief people officer, starting August 1, joining from Spotify (SPOT) where she held the position of chief human resources officer; Scott Maguire as chief innovation officer, started March 31, joining from Specialized where he served as CEO; Adib Sisani as chief communications officer, starting April 1, joining from Axel Springer, where he was global head of communications; Craig Jones as chief supply chain officer, started March 10, joining from Levi Strauss (LEVI), where he held the position of SVP of distribution and logistics operations. Marc Maurer will continue as co-CEO throughout the second quarter until June 30 and support Martin and the company during the transition. This period will allow Martin Hoffmann to continue to serve as CFO and together with the other partners and the board of directors complete the ongoing search for a new CFO.