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Stock impact report

On Holding Co-CEO Marc Maurer To Leave Swiss Sportswear Maker After 12 Years [Yahoo! Finance]

On Holding AG (ONON) 
Company Research Source: Yahoo! Finance
Calling the change a "leadership evolution," the sneaker company said Maurer "has decided to depart On to embark on a new chapter in his professional life." Co-CEO and CFO Martin Hoffmann will become On Holding's sole CEO on July 1. Swiss sportswear maker On Holding ( ONON ) said Tuesday it will transition to a single-CEO setup, with Co-CEO Marc Maurer scheduled to depart on June 30 after 12 years. Calling the change a "leadership evolution," the sneaker company said Maurer "has decided to depart On to embark on a new chapter in his professional life." Maurer will remain in his role until the end of June to ensure "a smooth transition," with Co-CEO and CFO Martin Hoffmann assuming the role of sole CEO on July 1, On said. Maurer will continue to advise the firm's partners and board until March 2026. Last month, On exceeded fourth-quarter earnings and revenue estimates as sales increased in all of its markets worldwide. The firm, which listed on the New York Stock Exchange (N Show less Read more
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