On Holding's Management Turnover Is Chaotic -- Market Talk

Dow Jones03-26

0919 ET - On Holding's management turnover is distracting from the company's growth potential, William Blair analysts say in a research note. The Swiss athletic shoemaker says Wednesday that CEO Martin Hoffmann will step down on May 1, with cofounders David Allemann and Caspar Coppetti to assume co-CEO roles. The change reflects continued volatility, after former co-CEO Marc Maurer departed in June of last year. The analysts note that Wall Street has long balked at On's management structure, which has included co-CEOs, a dual CEO-CFO role and broad involvement of the founders. "While our view was always more positive in that we observed strong collaboration and complementary skillsets, now it reads as more chaotic and potentially political in light of these departures in quick succession," they write. "This news will pile on the negativity coming out of the fourth quarter." On shares ebb 1% premarket Thursday, after closing 11% lower on Wednesday. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 09:19 ET (13:19 GMT)

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The analysts note that Wall Street has long balked at On's management structure, which has included co-CEOs, a dual CEO-CFO role and broad involvement of the founders. \"While our view was always more positive in that we observed strong collaboration and complementary skillsets, now it reads as more chaotic and potentially political in light of these departures in quick succession,\" they write. \"This news will pile on the negativity coming out of the fourth quarter.\" On shares ebb 1% premarket Thursday, after closing 11% lower on Wednesday. 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The Swiss athletic shoemaker says Wednesday that CEO Martin Hoffmann will step down on May 1, with cofounders David Allemann and Caspar Coppetti to assume co-CEO roles. The change reflects continued volatility, after former co-CEO Marc Maurer departed in June of last year. The analysts note that Wall Street has long balked at On's management structure, which has included co-CEOs, a dual CEO-CFO role and broad involvement of the founders. \"While our view was always more positive in that we observed strong collaboration and complementary skillsets, now it reads as more chaotic and potentially political in light of these departures in quick succession,\" they write. \"This news will pile on the negativity coming out of the fourth quarter.\" On shares ebb 1% premarket Thursday, after closing 11% lower on Wednesday. (connor.hart@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 09:19 ET (13:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622837863","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622837863","pubTimestamp":1774531140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0919 ET - On Holding's management turnover is distracting from the company's growth potential, William Blair analysts say in a research note. 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The Swiss athletic shoemaker says Wednesday that CEO Martin Hoffmann will step down on May 1, with cofounders David Allemann and Caspar Coppetti to assume co-CEO roles. The change reflects continued volatility, after former co-CEO Marc Maurer departed in June of last year. The analysts note that Wall Street has long balked at On's management structure, which has included co-CEOs, a dual CEO-CFO role and broad involvement of the founders. \"While our view was always more positive in that we observed strong collaboration and complementary skillsets, now it reads as more chaotic and potentially political in light of these departures in quick succession,\" they write. \"This news will pile on the negativity coming out of the fourth quarter.\" On shares ebb 1% premarket Thursday, after closing 11% lower on Wednesday. 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