On stated Tuesday that Sam Wenger is stepping down as chief working officer after eight years on the firm.
The Roger Federer-backed sneaker model has named chief innovation officer Scott Maguire to tackle the brand new twin function of chief innovation and working officer, beginning Jan. 1, 2026. He joined On in April. Beforehand, he was CEO of Specialised Bicycle Elements and earlier than that was chief working officer at Dyson, in accordance with his LinkedIn web page.
A Bloomberg story stated Maguire will doubtless look to scale up the model’s Lightspray robots, which he’s already overseeing. The robots are getting used to make high-end marathon sneakers.
In an interview with Footwear Information in July, On’s three co-founders Caspar Coppetti, David Allemann and Olivier Bernhard mentioned the model’s new LightSpray manufacturing facility for footwear manufacturing in Zurich. The know-how makes use of a robotic arm and 1.5 kilometers of filament to provide ultra-light one-piece working shoe uppers in three minutes. The highly-efficient course of saves each house and time, minimizes waste and produces an higher with 75 p.c fewer carbon emissions than On’s different racing sneakers.
On has over 1,100 individuals employed in Zurich, with greater than 300 centered on analysis and improvement to drive innovation in product and supplies improvement and design. The model is planning different comparable manufacturing amenities worldwide.
The model’s CEO Martin Hoffman stated in August on a convention name after posting second quarter earnings outcomes that the model had carried out selective value will increase within the U.S. in early July to counter some tariff will increase. Whereas the corporate posted a web lack of 40.9 million Swiss francs, it additionally noticed web gross sales improve 38 p.c to 749.2 million Swiss francs.
That improve gave the corporate confidence to lift its 2025 web gross sales steering to up 31 p.c year-over-year, versus its prior estimate of up 28 p.c, even with the impression of a 20 p.c incremental tariff on imports to the U.S. from Vietnam. Regardless of now paying a complete of 40 p.c obligation for imports to the U.S. from Vietnam — a stacked price consisting of an present 20 p.c obligation plus the 20 p.c incremental tariff — and 39 p.c for imports from Indonesia, Hoffman stated he wasn’t frightened.
“As a premium model and as a fast-growing model, we have now a number of alternatives to compensate for these impacts of our value bought,” he advised traders on the time, noting that investments into revolutionary merchandise come at increased value factors that additionally drive extra gross revenue margin. He additionally stated the corporate final month nonetheless hadn’t even spoken to its retail and manufacturing facility companions but about mitigation efforts, an choice it might nonetheless select to do afterward.
The sneaker model additionally has enlargement alternatives past footwear into attire, which might shift its enterprise mannequin to a cross between a sports activities model and a style model. Model ambassador Zendaya expanded her work with the corporate to incorporate designing an attire assortment that launched this month. The Swiss model additionally signed on singer Burna Boy earlier this month as its “clubhouse president,” with the collaboration constructing On’s Clubhouse Nights, its initiative to mix tennis, music and artwork by means of a world occasion collection in New York, Miami and Paris.