On Holding AG appointed co-founders David Allemann and Caspar Coppetti as Co-CEOs. This leadership transition takes effect on May 1, 2026.
The founders will succeed current CEO Martin Hoffmann, who is stepping down after five years. Hoffmann will remain with the company as an advisor until March 2027.
The new organizational structure aligns founder-led strategy with operational execution for the next growth phase. An agreement facilitates the conversion of Hoffmann’s Class B shares to Class A shares. This arrangement includes a requirement for an orderly sale of the stock.