Stocks● Neutral
On Splits Commercial Chief Role After CEO Restructure
On names Rebecca Cai to run global markets and Alice Delahunt to lead DTC and loyalty, weeks after co-founders took over as CEOs. Q1 sales rose 14.5%.
Continue with
On is splitting its commercial leadership into two roles, with Rebecca Cai taking charge of global markets and Alice Delahunt overseeing direct-to-consumer channels and customer loyalty, weeks after the Swiss sportswear company restructured its top management.
Cai will oversee all of On's geographic regions and its global commercial teams. She will also continue to run Asia-Pacific until a successor is named. Delahunt, who joins from another brand, will focus on DTC sales and loyalty programs. The company said her background spans brand, customer, digital and business operations.
“Alice and Rebecca will play a pivotal role in strengthening our ambition to become premium at every touchpoint,” Chief Operating Officer Scott Maguire said in a statement. “They will work closely with our Product, Marketing, and Supply Chain leadership to define what success looks like and further simplify our operating model.”