Fossil Group, Inc. Appoints Brand Veteran Franco Fogliato as CEO
September 04 2024 - 8:30AM
Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil” or the “Company”) today
announced the appointment of Franco Fogliato as Chief Executive
Officer and a member of the Board of Directors. He succeeds Jeffrey
Boyer, Fossil’s Interim CEO, who will resume his previous role as
Chief Operating Officer and step down from the Board of Directors,
all effective September 18, 2024.
“The Board of Directors is thrilled to welcome
Franco to the Fossil team,” said Kevin Mansell, Chairman of the
Board. “Franco brings over 25 years of consumer industry expertise,
along with focus, leadership acumen, and disruptive vision, to this
role. We are extremely confident that his experience stewarding
great brands and driving transformation will lead Fossil to its
next chapter.”
“I am honored to join such an iconic global
brand,” said Franco Fogliato. “I have admired Fossil Group and the
Fossil brand over the years as the Company has shaped the watch
industry and developed a leading position in the marketplace. I
look forward to working with the leadership team and Board to
revitalize the business, deliver on the full potential of the
Company’s portfolio, and build long-term value for all
stakeholders.”
Fogliato most recently served as President and
Chief Executive Officer of Salomon, a sports equipment manufacturer
owned by Amer Sports Inc. During his tenure, Fogliato led a
successful turnaround of the business, streamlining operations,
creating a refreshed brand identity and platform, and driving
robust revenue and profit growth. Prior to Salomon, he spent eight
years at Columbia Sportswear Company, most recently serving as EVP
of Global Omnichannel. He previously spent eight years as CEO
Europe at Billabong Group, owner of the Nixon watch and accessories
brand. Earlier in his career, Fogliato held Executive roles at The
North Face, a VF Company.
“On behalf of the Board, I want to extend our
thanks to Jeff for his contributions as Interim CEO and Board
member,” said Mansell. “We are confident that his leadership
support through early 2025 will ensure a smooth transition as we
focus on continuing to advance Fossil’s Transform and Grow
Plan.”
About Fossil Group, Inc.
Fossil Group, Inc. is a global design,
marketing, distribution and innovation company specializing in
lifestyle accessories. Under a diverse portfolio of owned and
licensed brands, our offerings include watches, jewelry, handbags,
small leather goods, belts and sunglasses. We are committed to
delivering the best in design and innovation across our owned
brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed
brands, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade
new york, Michael Kors and Tory Burch. We bring each brand story to
life through an extensive distribution network across numerous
geographies, categories, and channels. Certain press release and
SEC filing information concerning the Company is also available
at www.fossilgroup.com.
Global Corporate
Communications:
James Webb Fossil Group jwebb1@fossil.com
Investor Relations:
Christine Greany The Blueshirt Group
christine@blueshirtgroup.com
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