On (ONON) said Tuesday it will transition to a single-chief executive structure, with co-CEO Martin Hoffman to become its sole CEO, effective July 1.
Marc Maurer has decided to leave the company. He will remain as co-CEO through June 30 to ensure a smooth transition. He will also continue to advise the partners and the board until March 2026.
The company also said Hoffman will remain as chief financial officer until a new person is appointed to the role.
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