Fossil Group, Inc. Appoints Brand Veteran Franco Fogliato as CEO
Fossil Group, Inc. (NASDAQ: FOSL) has announced that Franco Fogliato will be stepping in as the new Chief Executive Officer and will also join the Board of Directors. He will officially take on this role as the successor to Jeffrey Boyer, who has been serving as Interim CEO. Boyer will return to his previous position as Chief Operating Officer and will leave the Board effective September 18.
Franco Fogliato's Experienced Background
Franco Fogliato brings over 25 years of experience in the consumer industry to Fossil. Kevin Mansell, the Chairman of the Board, expressed the Board's excitement about this appointment, highlighting that Fogliato's leadership abilities and innovative vision will play a crucial role in guiding Fossil through its next phase of growth and development.
Vision for Fossil’s Future
Franco Fogliato shared his enthusiasm for joining such a renowned brand and expressed his admiration for Fossil's significant impact on the watch industry and its strong market position. He is eager to work alongside the leadership team to leverage the company's portfolio and create long-term value for all stakeholders.
Previous Achievements
Prior to his role at Fossil, Fogliato was the President and CEO at Salomon, a leading sports equipment company. His tenure there was marked by a successful turnaround, where he focused on improving operational efficiency and revitalizing the brand identity, resulting in impressive revenue growth. Earlier in his career, he played a key role at Columbia Sportswear Company as the EVP of Global Omnichannel and also served as CEO of Europe at Billabong Group.
Fossil Group's Commitment
The Board has expressed its gratitude to Jeffrey Boyer for his contributions as Interim CEO, assuring that his ongoing support through early 2025 will ensure a smooth transition. This leadership change aligns with Fossil's commitment to its Transform and Grow Plan, which aims to strengthen its market presence and rejuvenate its operational strategies.
About Fossil Group, Inc.
Fossil Group, Inc. is dedicated to designing, marketing, and distributing a wide range of lifestyle accessories around the globe. The company features a diverse portfolio that includes watches, jewelry, handbags, and other accessories. With a focus on high-quality design and innovation, Fossil manages both its own brands, such as Fossil, Michele, and Skagen, as well as licensed brands like Michael Kors and Tory Burch. Their extensive distribution network ensures that these unique brand stories are accessible through various 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 assume his new responsibilities starting September 18.
What has Franco Fogliato accomplished in his previous roles?
He has successfully led turnarounds at various companies, including Salomon and Columbia Sportswear Company.
What is Fossil Group's core business focus?
Fossil Group specializes in designing and distributing lifestyle accessories, such as watches and handbags.
How can I contact Fossil Group for further inquiries?
For corporate communications, reach out to James Webb, and for investor relations, contact Christine Greany.