Fossil Group, Inc. Appoints Brand Veteran Franco Fogliato as CEO
Fossil Group, Inc. (NASDAQ: FOSL) has officially announced the appointment of Franco Fogliato as the new Chief Executive Officer and a member of the Board of Directors. He will begin this role as the successor to Jeffrey Boyer, who has served as Interim CEO. Boyer will return to his position as Chief Operating Officer and leave the Board effective September 18.
Franco Fogliato's Experienced Background
Franco Fogliato joins Fossil with a wealth of expertise spanning over 25 years in the consumer industry. Kevin Mansell, the Chairman of the Board, expressed the Board's enthusiasm, stating that Fogliato's leadership skills and innovative vision will be instrumental in steering Fossil towards its next phase of growth and development.
Vision for Fossil’s Future
Franco Fogliato conveyed his gratitude and excitement about joining such a storied brand. He noted his admiration for how Fossil has significantly shaped the watch industry and secured a strong market position. Fogliato looks forward to collaborating with the leadership team to capitalize on the company's portfolio and enhance long-term value for its stakeholders.
Previous Achievements
Before joining Fossil, Fogliato served as President and CEO at Salomon, a prominent sports equipment company. His successful leadership was marked by a significant turnaround, focusing on efficient operations and refreshing the brand identity while achieving considerable revenue growth. Earlier in his career, he was pivotal at Columbia Sportswear Company, where he was the EVP of Global Omnichannel, and also held a notable position as CEO of Europe at Billabong Group.
Fossil Group's Commitment
The Board has expressed gratitude to Jeffrey Boyer for his role as Interim CEO, assuring that his continued support through early 2025 will foster a seamless transition. This change comes as Fossil remains dedicated to its Transform and Grow Plan, aiming to enhance its market presence and revive its operational strategies.
About Fossil Group, Inc.
Fossil Group, Inc. specializes in the design, marketing, and distribution of a variety of lifestyle accessories globally. The company boasts a diverse portfolio, including watches, jewelry, handbags, and other accessories. With an emphasis on high-quality design and innovation, they manage both owned brands like Fossil, Michele, and Skagen, as well as licensed brands such as Michael Kors and Tory Burch. Fossil’s extensive distribution network ensures that their unique brand stories are accessible across multiple channels worldwide.
Contact Information
Global Corporate Communications:
James Webb
Fossil Group
Email: jwebb1@fossil.com
Investor Relations:
Christine Greany
The Blueshirt Group
Email: christine@blueshirtgroup.com
Frequently Asked Questions
Who is the new CEO of Fossil Group, Inc.?
Franco Fogliato has been appointed as the new CEO of Fossil Group, Inc.
When will Franco Fogliato officially take over as CEO?
Fogliato will take on his new responsibilities effective September 18.
What has Franco Fogliato accomplished in his previous roles?
He has successfully led turnarounds at other companies, including Salomon and Columbia Sportswear Company.
What is Fossil Group's core business focus?
Fossil Group focuses on designing and distributing lifestyle accessories, including watches and handbags.
How can I contact Fossil Group for further inquiries?
For corporate communications, contact James Webb, and for investor relations, reach out to Christine Greany.
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