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SEC filingOn Holding AG filed its 2026 Annual General Meeting invitation, announcing a leadership transition to Co-CEOs and proposing the conversion of 16.25 million Class B Shares to Class A Shares.
On Holding AG is undergoing a significant leadership transition as founders Caspar Coppetti and David Allemann assume the roles of Co-CEOs, replacing Martin Hoffmann who is departing after 13 years. This move consolidates strategic vision and execution discipline under the founders' direct leadership, supported by newly promoted COO & President Scott Maguire and new CFO Frank Sluis. The transition occurs from a position of strength, with the company reporting it crossed CHF 3 billion in net sales in 2025, describing it as a record year.
A critical proposal for the upcoming AGM is the conversion of 16,250,000 Class B Shares into 1,625,000 Class A Shares. This adjustment to the capital structure requires amendments to Articles 3, 3b, and 3c of the Articles of Association. Additionally, the Board is seeking approval for a maximum aggregate compensation of CHF 30 million for Executive Officers for fiscal year 2027, an increase from the CHF 26 million approved for the previous period. The AGM is scheduled for May 28, 2026, and will be conducted virtually.