On Holding AG Appoints Frank Sluis as New Chief Financial Officer
ONON sits 33% above its 52-week low of $34.38.
Summary
On Holding AG announced the appointment of Frank Sluis as its new Chief Financial Officer, effective May 1, 2026, allowing current CEO Martin Hoffmann to focus solely on his CEO responsibilities.
Key Events · Executive and Board Changes · ONON
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New Chief Financial Officer Appointed
Frank Sluis will join On Holding AG as Chief Financial Officer, effective May 1, 2026.
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Highly Experienced Financial Leader
Sluis previously served as CFO for Europe & Indonesia at Ahold Delhaize, managing financial operations for over EUR 30 billion in annual net sales, and brings more than 25 years of experience from leading consumer businesses like Reckitt Benckiser and Unilever.
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CEO to Focus Solely on Chief Executive Role
Current CEO Martin Hoffmann, who had also been overseeing CFO responsibilities, will now focus exclusively on his CEO role, ensuring a seamless handover to the new CFO.
Analysis · ONON · Manufacturing
The appointment of Frank Sluis as Chief Financial Officer is a strategic move that significantly strengthens On Holding AG's executive leadership. Sluis brings extensive financial and operational experience from large, international consumer brands, which is crucial for On's continued global expansion. This transition also allows Martin Hoffmann to dedicate his full attention to the CEO role, potentially enhancing strategic execution and operational efficiency. The high caliber of the new hire signals a commitment to robust financial management and growth.
At the time of this filing, ONON was trading at $45.89 on NYSE in the Manufacturing sector, with a market capitalization of approximately $15B. The 52-week trading range was $34.38 to $64.05. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.