Fossil Group, Inc. Appoints Brand Veteran Franco Fogliato as CEO
Fossil Group, Inc. (NASDAQ: FOSL) has appointed Franco Fogliato as its new Chief Executive Officer and Board member, effective September 18, 2024. Fogliato, with over 25 years of consumer industry experience, succeeds Jeffrey Boyer, who will return to his role as Chief Operating Officer. The Board expects Fogliato's expertise in brand stewardship and transformation to lead Fossil into its next chapter.
Fogliato's most recent position was President and CEO of Salomon, where he successfully turned around the business. His prior experience includes executive roles at Columbia Sportswear Company, Billabong Group, and The North Face. The transition aims to advance Fossil's Transform and Grow Plan, with Boyer providing leadership support through early 2025 to ensure a smooth handover.
Fossil Group, Inc. (NASDAQ: FOSL) ha nominato Franco Fogliato nuovo Amministratore Delegato e membro del Consiglio, con effetto dal 18 settembre 2024. Fogliato, con oltre 25 anni di esperienza nel settore dei consumatori, succede a Jeffrey Boyer, che tornerà al suo ruolo di Direttore Operativo. Il Consiglio si aspetta che l'expertise di Fogliato nella gestione e trasformazione dei brand guidi Fossil verso il suo prossimo capitolo.
L'ultima posizione di Fogliato è stata quella di Presidente e CEO di Salomon, dove ha successo nel rilancio dell'azienda. La sua esperienza precedente include ruoli esecutivi presso Columbia Sportswear Company, Billabong Group e The North Face. La transizione mira a far avanzare il Piano Trasforma e Cresci di Fossil, con Boyer che fornirà supporto alla leadership fino all'inizio del 2025 per garantire un passaggio senza intoppi.
Fossil Group, Inc. (NASDAQ: FOSL) ha nombrado a Franco Fogliato como su nuevo Director Ejecutivo y miembro de la Junta, efectivo a partir del 18 de septiembre de 2024. Fogliato, con más de 25 años de experiencia en la industria del consumo, reemplaza a Jeffrey Boyer, quien regresará a su papel como Director de Operaciones. La Junta espera que la experiencia de Fogliato en la gestión de marcas y transformación lleve a Fossil a su próximo capítulo.
La posición más reciente de Fogliato fue Presidente y CEO de Salomon, donde logró revitalizar el negocio. Su experiencia previa incluye roles ejecutivos en Columbia Sportswear Company, Billabong Group y The North Face. La transición tiene como objetivo avanzar en el Plan Transformar y Crecer de Fossil, con Boyer brindando apoyo a la dirección hasta principios de 2025 para asegurar una entrega fluida.
화석 그룹, 주식회사 (NASDAQ: FOSL) 는 프란코 포글리아토를 새로운 CEO이자 이사회 구성원으로 임명하였으며, 이 임명은 2024년 9월 18일부터 효력이 발생합니다. 포글리아토는 25년 이상의 소비자 산업 경험을 보유하고 있으며, 제프리 보이어 후임으로 임명되었습니다. 보이어는 COO 역할로 복귀하게 됩니다. 이사회는 포글리아토의 브랜드 관리 및 변혁에 대한 전문성이 화석을 다음 단계로 이끌 것으로 기대하고 있습니다.
포글리아토의 최근 직책은 살로몬의 사장 겸 CEO로, 그는 성공적으로 비즈니스를 재창출했습니다. 그의 이전 경험에는 콜럼비아 스포츠웨어 회사, 빌라봉 그룹, 그리고 노스페이스에서의 경영 직책이 포함됩니다. 이번 전환은 화석의 '변화와 성장 계획'을 발전시키기 위한 것으로, 보이어는 2025년 초까지 리더십 지원을 제공하여 원활한 인수인계를 보장할 예정입니다.
Fossil Group, Inc. (NASDAQ: FOSL) a nommé Franco Fogliato nouveau directeur général et membre du conseil d'administration, à compter du 18 septembre 2024. Fogliato, fort de plus de 25 ans d'expérience dans l'industrie de la consommation, succède à Jeffrey Boyer, qui retrouvera son poste de directeur des opérations. Le conseil d'administration s'attend à ce que l'expertise de Fogliato en matière de gestion de marque et de transformation guide Fossil vers son prochain chapitre.
Le poste le plus récent de Fogliato était président et PDG de Salomon, où il a réussi à redresser l'entreprise. Son expérience précédente comprend des rôles exécutifs chez Columbia Sportswear Company, Billabong Group et The North Face. La transition vise à faire progresser le plan de transformation et de croissance de Fossil, Boyer fournissant un soutien à la direction jusqu'au début de 2025 pour garantir une passation en douceur.
Die Fossil Group, Inc. (NASDAQ: FOSL) hat Franco Fogliato zum neuen Chief Executive Officer und Mitglied des Vorstands ernannt, mit Wirkung zum 18. September 2024. Fogliato, der über 25 Jahre Erfahrung in der Konsumgüterbranche verfügt, tritt die Nachfolge von Jeffrey Boyer an, der in seine Rolle als Chief Operating Officer zurückkehren wird. Der Vorstand erwartet, dass Fogliatos Expertise in Markenführung und -transformation Fossil in sein nächstes Kapitel führen wird.
Fogliatos letzte Position war Präsident und CEO von Salomon, wo er das Geschäft erfolgreich umstrukturierte. Seine vorherige Erfahrung umfasst exekutive Rollen bei Columbia Sportswear Company, Billabong Group und The North Face. Der Übergang zielt darauf ab, Fossils Transform and Grow Plan voranzubringen, wobei Boyer bis Anfang 2025 Unterstützung bei der Führung bieten wird, um einen reibungslosen Übergang zu gewährleisten.
- Appointment of an experienced CEO with a track record of successful business turnarounds
- New CEO brings expertise in brand revitalization and transformation
- Smooth transition plan with outgoing interim CEO providing support through early 2025
- Potential disruption in leadership during the transition period
- Uncertainty regarding the new CEO's ability to adapt to Fossil's specific market challenges
RICHARDSON, Texas, Sept. 04, 2024 (GLOBE NEWSWIRE) -- 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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