Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Amer Sports Announces Departure of President and CEO of Salomon Franco Fogliato

Published 04/12/2024, 07:35 AM
© Reuters.  Amer Sports (AMER) Announces Departure of President and CEO of Salomon Franco Fogliato

Amer Sports, Inc. (Pursuing NYSE IPO under ticker 'AMER'), announced today that Franco Fogliato, President and CEO of Salomon, will depart the company for personal reasons, effective immediately. James Zheng, the CEO of Amer Sports, will lead Salomon and the Outdoor Performance segment on an interim basis to ensure business continuity until a successor has been identified.

The Company is grateful for Mr. Fogliato’s leadership and dedication throughout his tenure and wishes him success in his future endeavors. Mr. Fogliato leaves the business in a healthy position, poised for continued growth.

Salomon is a global leader in footwear and winter sports equipment and has a proven trajectory. The Company remains confident in the brand and its prospects and will continue to invest in its Outdoor Performance segment to drive long-term profitability.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.