On Holding's New CFO and Product Segmentation: Impact on Investment Narrative

On Holding AG has appointed Frank Sluis as Chief Financial Officer, bringing over 25 years of consumer-sector finance experience. The appointment adds depth to the leadership bench, but the transition won't impact near-term risks around product, pricing, or cost discipline. Concerns around product segmentation and margin pressure remain a key risk, with some analysts suggesting the stock may be overvalued.