On appoints former H&M CEO Helena Helmersson to board
Helmersson joins On following a nearly three-decade career at H&M Group, where she served as chief executive officer from 2020 to 2024. She also previously held roles as chief operating officer, global head of production, and head of sustainability at H&M, between 2010 and 2020.
Helmersson also currently serves on the boards of Quizrr, a digital training company, and as a chairperson of Circulose, a textile-to-textile recycling company.
'I'm honored and excited to join On's board of directors. On's unique blend of innovation, performance, and impact creates something truly special. I look forward to working with the Board and the management team to help shape the future of this inspiring company as it grows to true scale,' said Helmersson.
David Allemann, co-founder and executive co-chairman of On, added: 'We are delighted to welcome Helena to On. Her exceptional track record in retail, operations, and purpose-driven leadership will be a powerful asset as we continue our journey to be the premium global sportswear brand. We're convinced she will play a pivotal role in shaping On's next chapter of global growth.'
The company also announced that Kenneth Fox, who has served on the board for seven years, will conclude his term at On's 2025 Annual General Shareholders' Meeting. Fox played a key role in guiding On's strategic direction, including its IPO in 2021.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
3 hours ago
- Fashion Network
Swiss gold industry warns against Swatch boss's US gold tax proposal
Swatch CEO Nick Hayek told Swiss newspaper Blick that Trump's announcement indicated that tariffs on gold would be painful for the US president. "Now is the time to go on the offensive. Switzerland should order a 39% export tax on gold bars for the US," Hayek told the paper. "That's where we have to get at him. That's his Achilles' heel." The Swiss Association of Manufacturers and Traders in Precious Metals (ASFCMP) said that while ideas to better balance bilateral trade were welcome, careful consideration needed to be given to Switzerland's longer-term interests. "An export tax on Swiss gold destined for the US would not only harm Switzerland economically, but also damage the reputation of a country that has consistently promoted and defended free trade," ASFCMP President Christoph Wild said. The Swiss Economy Ministry declined to comment on the proposal, but said the support of business representatives was in general welcome and helped underscore the close economic ties between the US and Switzerland. Trump justified his 39% tariff by pointing to Switzerland's sizeable trade surplus with the US. Part of that is due to gold exports. Hayek said that even if a gold levy failed to move Trump, it would cut the US trade deficit with Switzerland. "If Trump doesn't give in to our pressure, we'll at least improve the trade balance with the US if the Americans no longer import gold bars via Switzerland," he told Blick. Switzerland is continuing to hold talks with US officials aimed at lowering the US tariffs.
Fashion Network
3 hours ago
- Fashion Network
Swiss gold industry warns against Swatch boss's US gold tax proposal
Switzerland's gold industry on Thursday voiced scepticism about a proposal by the boss of watchmaker Swatch to introduce a levy on gold exports to the US in retaliation for US tariffs on Switzerland. US President Donald Trump last week imposed tariffs of 39% on imported Swiss goods, causing shock and dismay in the Alpine republic, a major refining and transit hub for gold. The US Customs and Border Protection afterwards said Washington might put tariffs on the most widely-traded gold bullion bars in the US. However, Trump said on Monday that gold would not face tariffs. Swatch CEO Nick Hayek told Swiss newspaper Blick that Trump's announcement indicated that tariffs on gold would be painful for the US president. "Now is the time to go on the offensive. Switzerland should order a 39% export tax on gold bars for the US," Hayek told the paper. "That's where we have to get at him. That's his Achilles' heel." The Swiss Association of Manufacturers and Traders in Precious Metals (ASFCMP) said that while ideas to better balance bilateral trade were welcome, careful consideration needed to be given to Switzerland's longer-term interests. "An export tax on Swiss gold destined for the US would not only harm Switzerland economically, but also damage the reputation of a country that has consistently promoted and defended free trade," ASFCMP President Christoph Wild said. The Swiss Economy Ministry declined to comment on the proposal, but said the support of business representatives was in general welcome and helped underscore the close economic ties between the US and Switzerland. Trump justified his 39% tariff by pointing to Switzerland's sizeable trade surplus with the US. Part of that is due to gold exports. Hayek said that even if a gold levy failed to move Trump, it would cut the US trade deficit with Switzerland. "If Trump doesn't give in to our pressure, we'll at least improve the trade balance with the US if the Americans no longer import gold bars via Switzerland," he told Blick. Switzerland is continuing to hold talks with US officials aimed at lowering the US tariffs.
Fashion Network
2 days ago
- Fashion Network
Swiss open to Federer or FIFA chief helping on US tariffs
The Swiss government would not object to tennis legend Roger Federer or FIFA President Gianni Infantino intervening to reduce the country's tariff burden after the US slapped a 39% import duty on its goods, President Karin Keller-Sutter said. Some Swiss politicians have proposed their countryman Infantino as an informal negotiating channel with US President Donald Trump after the US leader attended the FIFA Club World Cup final in New Jersey in July. Trump is also a fan of celebrities and could be swayed by an approach by Federer, Swiss media has reported. "If personalities who know him have a conversation with him, we're not against it," Keller-Sutter told broadcaster Tele Zueri, when asked about Infantino or Federer speaking with Trump. "That's not a strategy we can officially pursue," she said, adding negotiations with Washington would be led by the government. "I don't know if that would actually help in the end." Switzerland has been left stunned by the 39% import levy - among the highest of any applied under Trump's global trade reset, which went into effect last week. Earlier in May, South African President Cyril Ramaphosa included popular golfers in his delegation that travelled to Washington hoping to discuss trade and reset strained relations with the US During a tense White House meeting Trump confronted him with false claims of white genocide and land seizures. Keller-Sutter said she hoped talks to cut US tariffs on Swiss exports could be settled by October, but warned Switzerland would not pay "any price" after an earlier agreement was brushed aside by Trump in a phone call between the two leaders on July 31. "The Federal Council is naturally striving to find a solution that will reduce customs tariffs," Keller-Sutter said. "I hope that is true," she said when asked about US Treasury Secretary Scott Bessent's comments that trade issues could be resolved by October. The tariff was unjustified and must be reduced, she said, noting that Swiss companies were investing heavily in the US. "It cannot be that, to put it simply, we just pay, worsen our business location and then still have high customs duties," she said. Still, Switzerland was a small country with no political power, which meant its leeway was limited, Keller-Sutter said.
