On to Transition to Single-CEO Structure

, MT Newswires -  5:31 AM ET 4/1/2025 Company News

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05:31 AM EDT, 04/01/2025 (MT Newswires) -- On (ONON) said Tuesday it will transition to a single-chief executive structure, with co-CEO Martin Hoffman to become its sole CEO, effective July 1.

Marc Maurer has decided to leave the company. He will remain as co-CEO through June 30 to ensure a smooth transition. He will also continue to advise the partners and the board until March 2026.

The company also said Hoffman will remain as chief financial officer until a new person is appointed to the role.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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