Swiss shoemaker On trims leadership with Hoffmann as sole CEO

Swiss shoemaker On Holding AG is streamlining its leadership ranks with Martin Hoffmann taking over as sole chief executive officer.

Hoffmann has served as co-CEO since 2021 alongside Marc Maurer, who is leaving the company, according to a statement. The pair joined On 12 years ago to support its three co-founders as they built out the new running-shoe brand. Hoffmann has also served as chief financial officer.

It’s the latest move in On’s shift from its early phase into a more mature company.