Sportswear brand On names Frank Sluis as CFO
Jan 28 (Reuters) - Sportswear brand On 49G.BN named Frank Sluis as its new chief financial officer on Wednesday, replacing Martin Hoffmann.
Hoffmann had stepped into the role of On's CEO last year, while retaining his responsibilities as CFO. He will oversee the finances till Sluis takes over on May 1, the Switzerland-based company said in a statement.
"Frank brings a passion for our brand and a leadership style that will empower our talented team to reach new heights," Hoffmann said in the statement.
Sluis previously worked at food retail group Ahold Delhaize as the CFO for Europe and Indonesia.
Analysts at Telsey Advisory Group said Sluis was the right fit owing to his experience in leading a large-scale global finance organization as well as procurement and sourcing.
In November, On raised its annual revenue forecast for the third time in 2025, after delivering a blowout third quarter, driven by strong demand for its running shoes and sneakers even after price increases.
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensi
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
