On Holding AG

ONON: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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On Holding: Management Reshuffle Creates Uncertainty, but Transition Should Be Smooth; Shares Cheap

David Swartz

Mar 25, 2026

On announced that CEO and Chief Financial Officer Martin Hoffmann will step down on May 1 and that two of its co-founders, David Allemann and Caspar Coppetti, will become co-CEOs. Current operations executive Scott Maguire has been promoted to president and chief operating officer.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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On Holding AG

On Holding: Management Reshuffle Creates Uncertainty, but Transition Should Be Smooth; Shares Cheap

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