Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer
Fossil Group (NASDAQ:FOSL) has appointed Laks Lakshmanan as its new Chief Supply Chain Officer, effective June 16, 2025. Lakshmanan brings over 20 years of supply chain leadership experience and will oversee Fossil's global end-to-end supply chain operations across all brands and regions.
Previously serving as Managing Director at Alvarez & Marsal, Lakshmanan has already been working with Fossil for the past two years as interim Head of Supply Chain. During this period, he has contributed to reshaping the company's distribution strategy and improving manufacturing responsiveness and cost structure.
Fossil Group (NASDAQ:FOSL) ha nominato Laks Lakshmanan come nuovo Chief Supply Chain Officer, con decorrenza dal 16 giugno 2025. Lakshmanan vanta oltre 20 anni di esperienza nella leadership della supply chain e sarà responsabile delle operazioni globali end-to-end della catena di approvvigionamento di Fossil, coprendo tutti i marchi e le regioni.
In precedenza Managing Director presso Alvarez & Marsal, Lakshmanan ha già collaborato con Fossil negli ultimi due anni come responsabile ad interim della supply chain. In questo periodo, ha contribuito a ristrutturare la strategia distributiva dell’azienda e a migliorare la reattività della produzione e la struttura dei costi.
Fossil Group (NASDAQ:FOSL) ha nombrado a Laks Lakshmanan como su nuevo Chief Supply Chain Officer, con efecto a partir del 16 de junio de 2025. Lakshmanan aporta más de 20 años de experiencia en liderazgo de la cadena de suministro y supervisará las operaciones globales de la cadena de suministro de Fossil en todas las marcas y regiones.
Anteriormente fue Managing Director en Alvarez & Marsal y ha estado trabajando con Fossil durante los últimos dos años como jefe interino de la cadena de suministro. Durante este tiempo, ha contribuido a rediseñar la estrategia de distribución de la empresa y a mejorar la capacidad de respuesta de la fabricación y la estructura de costos.
Fossil Group (NASDAQ:FOSL)는 Laks Lakshmanan을 2025년 6월 16일부로 새로운 최고 공급망 책임자(Chief Supply Chain Officer)로 임명했습니다. Lakshmanan은 20년 이상의 공급망 리더십 경험을 보유하고 있으며, Fossil의 전 브랜드와 지역에 걸친 글로벌 엔드투엔드 공급망 운영을 총괄할 예정입니다.
이전에는 Alvarez & Marsal에서 매니징 디렉터로 근무했으며, 지난 2년간 Fossil에서 임시 공급망 책임자로 일해왔습니다. 이 기간 동안 그는 회사의 유통 전략 재구성 및 제조 대응력과 비용 구조 개선에 기여했습니다.
Fossil Group (NASDAQ:FOSL) a nommé Laks Lakshmanan au poste de Chief Supply Chain Officer, à compter du 16 juin 2025. Lakshmanan possède plus de 20 ans d’expérience en gestion de la chaîne d’approvisionnement et supervisera les opérations mondiales de la chaîne d’approvisionnement de Fossil, couvrant toutes les marques et régions.
Auparavant Managing Director chez Alvarez & Marsal, Lakshmanan travaille déjà avec Fossil depuis deux ans en tant que responsable par intérim de la chaîne d’approvisionnement. Pendant cette période, il a contribué à repenser la stratégie de distribution de l’entreprise et à améliorer la réactivité de la production ainsi que la structure des coûts.
Fossil Group (NASDAQ:FOSL) hat Laks Lakshmanan mit Wirkung zum 16. Juni 2025 zum neuen Chief Supply Chain Officer ernannt. Lakshmanan verfügt über mehr als 20 Jahre Erfahrung in der Leitung von Lieferketten und wird die globalen End-to-End-Lieferkettenoperationen von Fossil über alle Marken und Regionen hinweg verantworten.
Er war zuvor Managing Director bei Alvarez & Marsal und arbeitet seit zwei Jahren als interimistischer Leiter der Lieferkette bei Fossil. In dieser Zeit hat er zur Neugestaltung der Vertriebsstrategie des Unternehmens sowie zur Verbesserung der Fertigungsreaktionsfähigkeit und Kostenstruktur beigetragen.
- Appointment of experienced executive with over 20 years of supply chain leadership
- New CSCO already familiar with company operations through 2-year interim role
- Previous achievements include improving manufacturing responsiveness and cost structure
- Company acknowledges need for turnaround, indicating current business challenges
RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025.
With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group’s global end-to-end supply chain—from manufacturing and sourcing to distribution and logistics—across all brands and regions. He also oversees the Company’s Global Business Services operations based in Bengaluru, India.
“As we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,” said Franco Fogliato, Chief Executive Officer of Fossil Group. “We’re excited to welcome Laks to the executive leadership team. His deep operational expertise, strategic mindset, and understanding of the watch category will be invaluable to our turnaround.”
“Twenty years ago, Fossil was the first aspirational watch I purchased. Decades later, the Company continues to inspire consumers with its heritage, innovation, and customer experience. I’m honored to take on this role and partner with management and our global teams to elevate and modernize our supply chain for the future,” said Lakshmanan.
Lakshmanan most recently served as Managing Director at Alvarez & Marsal (“A&M”), within the firm’s Consumer and Retail Group. Over the past two years, he has worked closely with Fossil as interim Head of Supply Chain as part of the Company’s partnership with A&M. During this time, he played a pivotal role in reshaping Fossil’s distribution strategy, driving significant progress against operational goals and helping improve the Company’s manufacturing responsiveness and cost structure.
Prior to A&M, Lakshmanan held senior operational roles, including Principal in the Strategic Operations practice at Kearney and Group Manager of Distribution and Transportation at Target. He also led transformational initiatives at a leading U.S.-based multinational cosmetics company and a major consumer cooperative focused on supply chain cost optimization and private label strategy.
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, 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.
| Investor relations: | Christine Greany The Blueshirt Group christine@blueshirtgroup.com |
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