On Holding Drops 11.84% Amid Leadership Shift, Tariff Concerns

On Holding (NYSE:ONON) shares dropped 11.84% in pre-market trading on April 3, 2025, following the announcement of a strategic leadership shift. The company revealed that Martin Hoffmann will become the sole CEO, replacing the outgoing Co-CEO Marc Maurer. This change in leadership comes at a time when the global economy is grappling with the impact of new tariffs announced by the Trump administration, which has raised concerns about increased costs and supply chain disruptions.

Analysts have noted that the new tariffs could significantly affect On Holding's operations, particularly given the company's reliance on global supply chains. The tariffs, which are set to take effect immediately, have already sparked a wave of uncertainty in the market, with investors closely monitoring the potential fallout. The leadership change at On Holding adds another layer of complexity, as the market assesses how the new CEO will navigate these challenges.

Despite the immediate drop in share price, some analysts remain optimistic about On Holding's long-term prospects. They point to the company's strong brand and innovative product offerings as key strengths that could help it weather the storm. However, the near-term outlook remains uncertain, with the company facing a dual challenge of adapting to new leadership and mitigating the impact of the tariffs.