On Holding AG announced that former Ahold Delhaize finance chief Frank Sluis will become its chief financial officer, effective May 1 2026. Sluis brings more than 25 years of experience in consumer‑goods finance, having led the finance function for Europe and Indonesia at Ahold Delhaize, where he managed an international team of roughly 800 professionals and oversaw more than €30 billion in annual sales.
The appointment follows the departure of former CFO Martin Hoffmann, who will remain CEO and oversee the finance organization until Sluis’s start date. Hoffmann’s dual role has been described as a temporary arrangement that allows the company to maintain continuity while preparing for the transition.
On Holding has been accelerating growth across its direct‑to‑consumer and wholesale channels. In Q3 2025, the company reported net sales of CHF 794.4 million, up 24.9 % year‑over‑year and 34.5 % on a constant‑currency basis. Gross profit margin reached 65.7 %, a 5.1‑percentage‑point increase from the prior year, driven by higher mix in premium apparel and strong pricing power in the Asia‑Pacific region.
Management highlighted Sluis’s fit with On’s high‑margin strategy. “Frank brings a passion for our brand and a leadership style that will empower our talented team to reach new heights,” said CEO Martin Hoffmann. “His experience at Ahold Delhaize, where he managed a larger scale operation, will help us scale our financial discipline as we expand globally.”
Analysts have responded positively to the appointment, citing Sluis’s track record in cost control and scale. The move is expected to free Hoffmann to focus on strategic growth, while Sluis will bring fresh financial oversight to support On’s expansion into apparel, retail, and new sports categories.
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