By Denny Jacob
On Holding is pivoting to just one leader at the top of the company.
The Swiss athletic shoemaker said it will transition to a single-CEO structure as Martin Hoffmann, current co-CEO and Chief Financial Officer, assumes the chief executive role. Current co-CEO Marc Maurer has decided to leave On Holding.
Maurer will stay in his role until June 30 and then continue to advise the partners and the board until March 2026, said the company. Hoffmann will assume the role of sole CEO on July 1, On Holding said.
"After a dozen years, it is time for me to move on, staying true to the culture and explorer spirit we have built," said Maurer.
The transition period will allow Hoffmann to continue serving as CFO and give the board time to complete its ongoing search for the next CFO, said On Holding.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 01, 2025 08:31 ET (12:31 GMT)
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