FOSSIL GROUP, INC. APPOINTS TWO CONSUMER INDUSTRY VETERANS

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Fossil Group (NASDAQ: FOSL) has announced two key executive appointments to drive its business turnaround strategy. Joe Martin will join as Chief Commercial Officer on February 17, bringing extensive experience from Adidas where he served as Senior Vice President and led significant turnaround efforts. Martin will oversee all global revenue-generating activities.

Antonio Carriero will assume the role of Chief Digital Information Officer and General Manager EMEA effective February 12. Carriero, with previous experience at Salomon and Breitling SA, will lead the company's global technology strategy, operations, cybersecurity, and EMEA commercial business.

These appointments align with Fossil's commitment to returning to profitable growth and creating long-term shareholder value through strengthened leadership in commercial operations and digital transformation.

Positive

• Strategic appointments of experienced executives from successful consumer brands
• Focus on business turnaround and return to profitable growth
• Strengthening of global commercial and digital capabilities

Negative

• Current need for business turnaround indicates ongoing operational challenges

Announces Joe Martin as Chief Commercial Officer and Antonio Carriero as Chief Digital Information Officer and General Manager of EMEA

RICHARDSON, Texas, Feb. 6, 2025 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) ("Fossil" or the "Company") today announced the appointment of Joe Martin as Chief Commercial Officer and Antonio Carriero as Chief Digital Information Officer and General Manager EMEA. These appointments underscore Fossil's commitment to driving a successful business turnaround, returning the Company to profitable growth, and creating long-term shareholder value. The appointments are effective February 12 for Carriero and February 17 for Martin, who both bring decades of consumer experience to their respective roles.

Martin will oversee all global revenue-generating activities, focusing on building a scalable, high-performing commercial organization. Before joining Fossil, Martin served as Senior Vice President of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, where he drove a significant turnaround globally and in North America. Prior to that, he held sales leadership roles at various companies, including 3M. Throughout his career, Joe has excelled at designing and executing integrated sales, financial planning, and customer success strategies.

"I am thrilled to join an iconic global brand like Fossil," said Mr. Martin. "I look forward to serving our people, our business, and building long-term value for our stakeholders across the globe."

Carriero will be responsible for overseeing the Company's global technology strategy, operations, cybersecurity, and the development of future capabilities. In addition to his global technology leadership, Carriero will lead the commercial business for the Company's EMEA region.

Carriero brings extensive experience in digital transformation, IT optimization, and e-commerce growth in the luxury and consumer goods industries. Most recently, he served as Chief Digital and Information Officer at Salomon (Amer Sports), where he successfully enhanced IT and digital capabilities, with a strong focus on driving e-commerce revenue. Prior to that, he held senior leadership roles in digital and technology at Breitling SA and Richemont Group, where he played a key role in advancing digital strategies and technological innovation.

"Having dedicated much of my career to the watch and jewelry industries, I am excited to join Fossil as Chief Digital Officer and General Manager EMEA," said Mr. Carriero. "I have a deep connection to this industry and its rich legacy, and I look forward to collaborating with talented teams to accelerate growth, drive meaningful impact, and shape the next chapter of our journey together."

"The expertise and proven record of sustainable, long-term results that both Joe and Antonio bring to the Company make them ideally suited to advance our turnaround strategy as we focus on building a stronger, more innovative watch business that creates long-term value for all our stakeholders," said Chief Executive Officer Franco Fogliato.

To learn more about Fossil Group, visit FossilGroup.com.

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.

 

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SOURCE Fossil Group

FAQ

When will Joe Martin and Antonio Carriero start their new roles at Fossil Group (FOSL)?

Antonio Carriero will start on February 12, 2024, while Joe Martin will begin on February 17, 2024.

What are the new executive positions filled at Fossil Group (FOSL)?

Fossil Group has appointed Joe Martin as Chief Commercial Officer and Antonio Carriero as Chief Digital Information Officer and General Manager EMEA.

What is Joe Martin's previous experience before joining Fossil Group (FOSL)?

Joe Martin previously served as Senior Vice President of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, where he drove significant turnaround efforts.

What will be Antonio Carriero's responsibilities at Fossil Group (FOSL)?

Carriero will oversee the company's global technology strategy, operations, cybersecurity, future capabilities development, and lead the commercial business for the EMEA region.

How do these appointments align with Fossil Group's (FOSL) business strategy?

The appointments support Fossil's commitment to driving a successful business turnaround, returning to profitable growth, and creating long-term shareholder value.