Salomon president and chief executive officer Franco Fogliato stepped down from his role on Friday — after about three years at the helm of the Amer Sports-owned footwear brand.
“Mr. Fogliato leaves the business in a healthy position, poised for continued growth,” the company added. “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.”For the full year of 2023, Amer Sports’ revenue increased 23 percent to $4.37 billion. The company reported a net loss of $209 million, or 54 cents per share, compared to a loss of $253 million, or 66 cents per share, in 2022.
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