Amer Sports, Inc., soon to be listed on the New York Stock Exchange under the ticker 'AMER', announced today the immediate departure of Franco Fogliato, President and CEO of its Salomon brand, due to personal reasons.
James Zheng, CEO of Amer Sports, will oversee Salomon and its Outdoor Performance segment on an interim basis to ensure continuity of operations until a new leader is appointed.
The company expressed its gratitude to Fogliato for his service and leadership, acknowledging that he leaves Salomon in a strong position for future growth. Salomon, recognized for its footwear and winter sports equipment, remains a competitive force in the market according to the company's statement.
Amer Sports reaffirms its commitment to the Salomon brand and its Outdoor Performance segment, emphasizing its intention to continue investments aimed at driving long-term profitability. The search for a new executive to take over leadership at Salomon is underway, with the company prioritizing a seamless transition to maintain the brand's positive momentum.
This leadership change comes at a pivotal time as Amer Sports prepares for its public offering, with the company's outlook on the brand and segment remaining optimistic. The information in this article is based on a recent SEC filing by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.