On Holding Appoints New CFO Frank Sluis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: seekingalpha
- Executive Transition: On Holding has announced that Frank Sluis will join as CFO effective May 1, 2026, succeeding Martin Hoffmann, who expanded his role as sole CEO last year while continuing CFO duties to ensure a smooth transition.
- Background Insight: Sluis most recently served as CFO for Europe & Indonesia at Ahold Delhaize, and his extensive financial management experience is expected to bring new strategic perspectives and financial optimization to On Holding.
- Leadership Handover: Hoffmann will continue to oversee the finance organization until Sluis's start date, ensuring business stability and continuity during the leadership transition, thereby mitigating potential operational risks.
- Future Outlook: This executive change reflects On Holding's commitment to financial management, aiming to drive sustainable growth in a competitive market by introducing new leadership.
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Analyst Views on ONON
Wall Street analysts forecast ONON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONON is 60.79 USD with a low forecast of 30.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
18 Buy
2 Hold
1 Sell
Strong Buy
Current: 44.860
Low
30.00
Averages
60.79
High
85.00
Current: 44.860
Low
30.00
Averages
60.79
High
85.00
About ONON
On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
On Holding Appoints New CFO Frank Sluis
- Executive Transition: On Holding has announced that Frank Sluis will join as CFO effective May 1, 2026, succeeding Martin Hoffmann, who expanded his role as sole CEO last year while continuing CFO duties to ensure a smooth transition.
- Background Insight: Sluis most recently served as CFO for Europe & Indonesia at Ahold Delhaize, and his extensive financial management experience is expected to bring new strategic perspectives and financial optimization to On Holding.
- Leadership Handover: Hoffmann will continue to oversee the finance organization until Sluis's start date, ensuring business stability and continuity during the leadership transition, thereby mitigating potential operational risks.
- Future Outlook: This executive change reflects On Holding's commitment to financial management, aiming to drive sustainable growth in a competitive market by introducing new leadership.
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On Holding AG Appoints New CFO Frank Sluis
- Executive Appointment: On Holding AG announced that Frank Sluis will join as Chief Financial Officer effective May 1, 2026, bringing experience from managing over EUR 30 billion in annual sales at Ahold Delhaize, which is expected to significantly bolster the company's global expansion efforts.
- Extensive Industry Experience: With over 25 years in the consumer goods sector, including finance leadership roles at Reckitt Benckiser and Unilever, Frank's expertise will enhance On's understanding of consumer behavior and solidify its position as a leading global sportswear brand.
- Smooth Leadership Transition: Current CEO Martin Hoffmann will continue to oversee the finance organization until Frank's start date, ensuring stability and continuity in the company's financial operations during the transition period.
- Alignment with Brand Vision: Frank's passion for the On brand and commitment to sustainability aligns closely with the company's long-term vision, which is expected to drive further growth for the team in the global market.
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