On Holding (NYSE:ONON) Appoints New Executives as Part of Leadership Changes

Ladies and gentlemen, buckle up! On Holding (NYSE:ONON) is making some serious moves in the leadership department, and you need to pay attention. This global premium sportswear brand, known for its innovation, design, and impact, just announced a strategic evolution of its leadership structure. And let me tell you, this is BIG NEWS!



First things first, On is transitioning to a single-CEO structure with Martin Hoffmann taking the reins. This guy has been a Co-CEO and CFO for 12 years, and he's got the chops to lead this company into the future. But that's not all! On is also appointing four key senior leaders to further strengthen the existing team. Let's break it down:

1. Katarina Berg as Chief People Officer: Joining from Spotify, where she held the position of Chief Human Resources Officer. This woman is a talent magnet, and she's going to make sure On attracts and retains the best of the best.

2. Scott Maguire as Chief Innovation Officer: Coming from Specialized and Dyson, this guy is a tech whiz. He's going to drive innovation and keep On at the cutting edge of sportswear technology.

3. Adib Sisani as Chief Communications Officer: Joining from Axel Springer, where he was the Global Head of Communications. He's going to make sure On's brand presence is felt around the world.

4. Craig Jones as Chief Supply Chain Officer: Joining from Levi Strauss, where he held the position of SVP of Distribution and Logistics Operations. This guy knows how to keep the wheels turning, and he's going to make sure On's supply chain is as smooth as silk.

Now, you might be thinking, "Why all the changes?" Well, let me tell you, On has been on a tear. They've gone from a challenger in the running industry to a major global sportswear brand. They've hit record net sales of over CHF 2.3bn and a record net income of CHF 242m in their latest fiscal year 2024. And they're well on track to reach their stated 2026 targets. But they're not resting on their laurels. They're making these changes to set the company up for its next years of growth and profitability.

And let's not forget about the founders. 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, to contribute to the future vision, and lead On together with CEO Martin Hoffmann and the senior leadership team. These guys are the backbone of On, and they're not going anywhere.

So, what does this all mean for you, the investor? Well, it means that On is serious about its future. They're making bold moves, and they're doing it with a team that knows how to win. And if you're not already invested in On, you need to ask yourself, "Why not?" This is a company on the move, and you don't want to miss out on the ride.

So, do this! Get in on the action. Buy On Holding (NYSE:ONON) and watch as this company continues to dominate the sportswear industry. This is a no-brainer, folks. On is the real deal, and they're just getting started. So, buckle up and get ready for the ride of your life!