Companies

On moves to single CEO structure

Apr 8, 2025 Switzerland

Co-CEO and CFO Martin Hoffmann will assume the sole role of CEO. After 12 years of leadership, the current Co-CEO Marc Maurer has decided to leave On to pursue another opportunity

Co-CEO Marc Maurer has communicated his desire to leave the company after 12 years of leadership to pursue another professional opportunity. He will remain in his role until the 30^thof June to ensure a smooth transition, and will then continue to advise the Partners (founders and CEO) and the Board of Directors until March 2026. Martin Hoffmann, Co-CEO and CFO, will assume the role of sole Chief Executive Officer (CEO), effective from the 1^st of July.

On’s founders - David Allemann and Caspar Coppetti as Executive Co-Chairmen and Olivier Bernhard as Executive Board Member - will continue to lead the product organisation and contribute to the company’s vision together with CEO Martin Hoffmann and the senior leadership team.

“Marc has played a pivotal role in building On over more than a decade. Having him on our side as a trusted partner and friend during a very defining period of On’s journey has been invaluable. We will miss Marc as a confidant and business partner, but we also respect his decision that this is a good moment for him to move on to the next chapter in his professional life”, said Co-Founder and Executive Co-Chairman, Caspar Coppetti.

Since 2013, On has grown into a major global sportswear brand, with milestones including the listing on the New York Stock Exchange in 2021 and record net sales of over 2.3 billion Swiss francs and record net income of 242 million Swiss francs in its most recent fiscal year.

“Martin has been an exceptional leader at On in the last 12 years and he has the unanimous support of our Board. We have the most talented team in the industry, and I know their passion and drive to Dream On will only grow stronger under Martin’s continued leadership as CEO. At the same time, we continue to expand our leadership team and bring additional experience, backgrounds, and ideas to prepare for the next phase of strong growth” commented David Allemann, Co-Founder of On and Executive Co-Chairman.

The Swiss company also announced the appointment of Katarina Berg as Chief People Officer (effective from the 1^st of August), who joins from Spotify, where she was Chief Human Resources Officer; Scott Maguire as Chief Innovation Officer, who joins from Specialized, where he was CEO; Adib Sisani as Chief Communications Officer, who joins from Axel Springer, where he was Global Head of Communications; and Craig Jones as Chief Supply Chain Officer, who joins from Levi Strauss, where he was SVP of Distribution and Logistics Operations.

Image Credits: investors.on-running.com

Switzerland Companies Management On Sportswear