You might also like
Amer Sports, Inc. (AS) is a global company specializing in the design, manufacture, and sale of sports equipment, apparel, and footwear. The company operates through wholesale and direct-to-consumer channels, offering a diverse portfolio of iconic brands such as Arc'teryx, Salomon, Wilson, and Atomic. Its products cater to outdoor enthusiasts, athletes, and sports professionals across more than 40 countries.
- Outdoor Performance - Offers outdoor apparel, footwear, accessories, and winter sports equipment under brands like Salomon, Atomic, and Armada. Salomon is a leader in trail running and premium hiking footwear.
- Technical Apparel - Focuses on high-performance outdoor apparel, footwear, and accessories, featuring brands like Arc'teryx and Peak Performance. Arc'teryx is renowned for its minimalist design and premium quality.
- Ball & Racquet Sports - Provides sports equipment, apparel, and accessories through the Wilson Sporting Goods portfolio, which includes Wilson, Louisville Slugger, DeMarini, EvoShield, and ATEC.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jie (James) Zheng ExecutiveBoard | Chief Executive Officer | Director of ANTA Sports (since 2009); Vice Chair for the World Federation of the Sporting Goods Industry (WFSGI) | Jie (James) Zheng has served as the Chief Executive Officer of Amer Sports (AS) since 2020 and has been a board member since its IPO. He has also held external roles as the Director of ANTA Sports since 2009 and currently serves as the Vice Chair for the World Federation of the Sporting Goods Industry (WFSGI). | View Report → |
Andrew E. Page Executive | Chief Financial Officer | Director and member of the audit committee of Kontoor Brands since 2022; Member of the talent and compensation committee of Kontoor Brands since 2023 | Andrew E. Page is the Chief Financial Officer at Amer Sports, Inc. since 2023. Previously, he served as CFO of Foot Locker from 2021 to 2023 and held senior financial roles at Advance Auto Parts and Under Armour. | |
Wen-Chang (Victor) Chen Executive | Chief Strategy Officer | Wen-Chang (Victor) Chen has been the Chief Strategy Officer at AS since 2020, and he was previously a Partner at Boston Consulting Group (2009–2020) and a Director at Golin (2002–2006). | ||
Bruno Sälzer Board | Lead Independent Director | Supervisory Board Member at Zino Davidoff; Supervisory Board Member at Deichmann; Supervisory Board Member at Lacoste; Supervisory Board Member at Ludwig Beck | Dr. Bruno Sälzer is the Lead Independent Director at AS since January 2024. He has extensive experience in the global fashion and lifestyle industries, having previously served as CEO at Hugo Boss, Escada, and Bench Limited as well as a board member at Amer Sports Corporation. | |
Carrie Teffner Board | Member of the Board of Directors, Chair of the Audit Committee | Board member at Personalized Beauty Discovery, Inc. since 2021; Board member at International Data Group Inc. since 2021; Board member at DXC Technologies since 2022; Board member at Reef Lifestyle LLC since 2024 | Carrie Teffner has served as a board member at AS since its IPO and currently serves as the Chair of the Audit Committee, where she oversees financial reporting and audit processes. She is an accomplished finance professional with extensive experience in corporate finance and strategic leadership through various CFO and board roles. | |
Catherine (Trina) Spear Board | Member of the Board of Directors | CEO of FIGS, Inc. since 2017; Board Member of FIGS, Inc. since 2013 | Catherine (Trina) Spear has served as a board member of AS since its IPO and is a member of the Audit Committee at AS. She has extensive experience in investment banking, private equity, and serves as CEO and board member of FIGS, Inc. since 2017 and 2013 respectively. | |
Dennis J. (Chip) Wilson Board | member of the board of directors | Director of Low Tide Properties, Ltd.; Director of Wilson 5 Foundation | Dennis J. (Chip) Wilson is a member of the board of directors of AS since its IPO. He has extensive leadership experience including founding lululemon athletica in 1998 and serving in various roles such as on the boards of Westbeach Snowboard Ltd., FSHD Unlimited Coöpertie UA, Low Tide Properties, Ltd., and the Wilson 5 Foundation. | |
Frank K. Tang Board | Member of the Board of Directors | Chairman and Chief Executive Officer at FountainVest Partners | Frank K. Tang has served as a member of the Board of Directors of AS since 2024. He possesses extensive experience in private equity, investment banking, and corporate governance, having held leadership roles including Chairman and Chief Executive Officer at FountainVest Partners. | |
Kin Wah Stephen Yiu Board | member of the board of directors | Independent non-executive director of ANTA Sports; Independent non-executive director of China Mobile Ltd.; Board member of the Airport Authority Hong Kong; Chairman and non-executive director of the Hong Kong Insurance Authority; Member of the Exchange Fund Advisory Committee; Member of the Independent Commission Against Corruption Complaints Committee; Treasurer and council member of The Hong Kong University of Science and Technology; Director of the Hong Kong Academy of Finance | Kin Wah Stephen Yiu is a seasoned non-executive director at AS, serving on its board since its IPO and leveraging decades of financial and audit expertise developed at KPMG and through various leadership roles. He has also held key positions in major companies such as ANTA Sports and China Mobile, contributing significantly to corporate governance and audit oversight. | |
Ling Xiong Board | Member of the Board of Directors | Chief Human Resources Officer at ANTA Sports | Ling Xiong has served as a board member at AS since its IPO and is currently the Chief Human Resources Officer at ANTA Sports since July 2018, with prior roles as Vice President, Human Resources at AstraZeneca China (2014-2018) and DANONE China (2001-2014). | |
Mingwei Bi Board | Member of the Board of Directors | Executive Director and CFO of ANTA Sports | Mingwei Bi has served as a member of the board of directors at AS since the company’s IPO. He is also the Executive Director and CFO of ANTA Sports since 2023 and has held previous roles at ANTA Sports since 2007. | |
Shizhong Ding Board | Chair of the Board of Directors | Board chairman and executive director of ANTA Sports ; Vice Chairman of China Sporting Goods Federation ; Board Member of Samaranch Foundation ; Advisor to the Chinese Basketball Association ; Member of the Chinese Olympic Committee | Shizhong Ding has served as Chair of the Board of Directors at AS since its IPO. He is also a co-founder of ANTA Sports with extensive experience in leading global sporting goods initiatives. | |
Stephen Yiu Board | Member of the Board of Directors | Independent Non-Executive Director at ANTA Sports since 2018 ; Independent Non-Executive Director at China Mobile Ltd since 2017 ; Board Member at Airport Authority Hong Kong ; Chairman and Non-Executive Director at Hong Kong Insurance Authority ; Member of Exchange Fund Advisory Committee ; Member of Independent Commission Against Corruption Complaints Committee ; Treasurer and Council Member at The Hong Kong University of Science and Technology ; Director at Hong Kong Academy of Finance | Stephen Yiu serves as a board member at Amer Sports since the company's IPO and as an audit committee financial expert under SEC rules, with his term classified as Class II expiring in 2026. He is also recognized as an independent director under NYSE listing standards. | |
Tak Yan (Dennis) Tao Board | Member of the Board of Directors | Vice President and Head of Merger/Acquisition and Corporate Finance at ANTA Sports Products Limited since March 2016; Principal of Anta Capital Limited since August 2010; Director at Cutia Therapeutics since June 2023 | Tak Yan (Dennis) Tao has served as a board member and Compensation Committee member at AS since the company's inception. He also holds significant external roles, serving as Vice President and Head of Merger/Acquisition and Corporate Finance at ANTA Sports Products Limited since March 2016 and as Principal of Anta Capital Limited since August 2010. | |
Joseph Dudy | Joseph Dudy has served as President and Chief Executive Officer at Wilson since 2019, having joined Wilson in 1995 and previously held financial roles including Finance Director of Wilson Team Sports and Vice President Finance of Wilson Sporting Goods. | |||
Michael Hauge Sørensen | Advisor to the Board of Directors | Michael Hauge Sørensen served as the Chief Operating Officer of Amer Sports from 2020 until his transition on January 1, 2025 and has been an advisor to the board of directors since 2019, leveraging his extensive experience in global sales and operational leadership. | ||
Stuart C. Haselden | Advisor to the Board of Directors | Stuart C. Haselden has served as CEO of Arc'teryx since 2021 and, concurrently, as an advisor to the board of directors at AS, demonstrating leadership across company divisions. |
-
Given that your effective tax rate guidance remains elevated at approximately 37% for 2025 , despite efforts to reduce it, what specific measures are you implementing to bring this rate down to more normalized levels over time, and what timeline should investors expect for this improvement?
-
With plans to continue opening Arc’teryx stores at a net rate of 30 per year , alongside investments in Salomon stores in China and the rest of APAC , how are you managing the risks of overexpansion and ensuring these investments yield sustainable growth, especially given competitive and economic uncertainties in these regions?
-
The Ball & Racquet segment's adjusted operating profit margin increased to 6.9% in Q3, primarily due to new product launches and lower discounting after last year's inventory clearance ; how do you plan to sustain this margin improvement, and what strategies are in place to drive growth in this segment given your expectation of low to mid-single-digit long-term growth ?
-
Considering that Winter Sports Equipment represents a third of your Outdoor Performance segment but has shown softer trends, with expectations of low single-digit annual growth due to slower trends in North America and cautious orders in EMEA , what initiatives are you undertaking to revitalize this segment and address market challenges to improve growth prospects?
-
With Salomon's footwear business in the U.S. still at a preliminary stage and efforts underway to penetrate the market , what gives you confidence in achieving significant market share in the highly competitive U.S. market, and what specific strategies will you employ to overcome previous challenges in gaining traction as you plan to open new stores and build partnerships with key accounts?
Recent press releases and 8-K filings for AS.
- Amer Sports, Inc. issued its annual report for the year ended December 31, 2024 on March 25, 2025, providing key financial disclosure in a Form 6-K filing.
- The report includes Exhibit 99.1, which contains the detailed annual report and is signed by CFO Andrew E. Page.
- Amer Sports achieved robust growth with 23% sales increase in Q4 and 18% revenue growth for FY 2024, accompanied by improved adjusted operating margins (up to 13.6% in Q4).
- The Technical Apparel segment, led by Arc'teryx, drove strong performance, alongside significant contributions from the Outdoor Performance segment, notably Salomon footwear and apparel.
- Management highlighted ongoing strategic store expansion, planning to open 25-30 net new stores in 2025 and providing long-term regional growth targets, particularly in China and North America.
- Q4 2024: Revenue increased 23% to $1.636 billion, with strong performances across segments including Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.
- FY 2024 Highlights: Revenue grew 18% to $5.183 billion with improved margins and net income, driven by robust segment contributions.
- 2025 Outlook: Management expects continued growth with guidance pointing to stable margins and revenue expansion supported by strong brand momentum.
- Preliminary financial results for fiscal 2024 were announced, with revenue growth expected at the high end of the 16–17% guidance range and adjusted operating margin estimated at the high end of 10.5–11.0%.
- The company repaid all $1.2 billion of its outstanding term loans in Q4 2024 and now anticipates fiscal 2025 adjusted net finance costs of approximately $120 million, a significant reduction from previous guidance.