To ensure seamless continuity in operations during this transition period, James Zheng, the CEO of Amer Sports, will assume interim leadership responsibilities for Salomon and the Outdoor Performance segment. This arrangement will persist until a suitable successor is identified.

Expressing gratitude for Fogliato's contributions and steadfast leadership throughout his tenure, the company extends its best wishes for his future endeavours. The company notes that Fogliato leaves the business in a “healthy position, poised for continued growth.”

Salomon, a global frontrunner in footwear and winter sports equipment, maintains a solid trajectory. Affirming its unwavering confidence in the brand and its promising future, Amer Sports pledges continued investment in the Outdoor Performance segment. Such strategic initiatives are geared towards fostering long-term profitability.

In early January, Amer Sports filed for a US initial public offering (IPO) on the New York Stock Exchange, in its attempt to go public.

Although the exact number of shares and price range for the proposed IPO remained undetermined at the time, Amer Sports applied to list its ordinary shares on the New York Stock Exchange under the symbol “AS”, according to Reuters.