Sportswear company On Holding, backed by Roger Federer, has announced the departure of its Co-CEO Marc Maurer after over a decade of his service in the company.
The company has also unveiled that they will be transitioning into a single-CEO structure with the present Co-CEO and Chief Financial Officer Martin Hoffmann assuming the sole leadership of the company effective from the start of July, 2025. He will continue to oversee the Finance department as the CFO until a replacement is found.
Maurer will be active as the Co-CEO till the 30th of June and will continue to provide guidance to the co-founders David Allemann and Caspar Coppetti till the March of 2026.
During the tenure of Maurer and Hoffmann, On Holding, in 2021, went public and their sneaker segment witnessed a massive success. The sportswear company’s sneakers has established its running shoes as a customer popular product, directly competing with sportswear giants such as Nike and Adidas.
On’s fourth quarter sales and profit ending March exceeded their expectations and the brand’s awareness initiatives also positively impacted their sales during the holiday season. On Holding has also increased sales through its own retail locations and broadened the distribution of its products through stores like Dick’s Sporting Goods and Foot Locker.
