On Holding AG announced co-founders David Allemann and Caspar Coppetti will serve as Co-CEOs effective May 1, 2026, succeeding Martin Hoffmann who steps down after 13 years as CFO and 5 as CEO. Scott Maguire is promoted to President & COO, Frank Sluis joins as CFO, restructuring leadership to align founder vision with execution for global growth.
Key takeaways
David Allemann and Caspar Coppetti appointed Co-CEOs effective May 1, 2026, while continuing as Executive Co-Chairmen.
Martin Hoffmann steps down as CEO effective May 1, 2026, remains advisor through March 2027; his 16,250,000 Class B Shares proposed for conversion to 1,625,000 Class A Shares at May 28, 2026 AGM.
Scott Maguire promoted to President & COO to oversee R&D, manufacturing, marketing, commercial operations, and technology.
Frank Sluis joins as CFO effective May 1, 2026.
Olivier Bernhard continues as Executive Member of the Board spearheading product initiatives.
Amendment No. 1 to Shareholders' Agreement dated March 23, 2026 grants Martin Hoffmann special sell-down rights for his shares.