On CEO Change Sparks Concerns Over Company's Future Growth and Margins

On Holding's second CEO change in a year may indicate bigger issues at the company. The departure of Martin Hoffmann as CEO and the promotion of David Allemann and Caspar Coppetti to co-CEOs have raised concerns among market watchers. Jefferies analyst Randal Konik sees the departure of two CEOs in a year as a bad sign, indicating rising business complexity and competitive pressure. On's slowdown in the Americas business and direct-to-consumer channel have also been cited as concerns. William Trading analyst Sam Poser has reduced his price target from $44 to $41 a share.