Kosta kartsotis biography samples

Jeffrey N. Boyer Named Interim Managing director and Director

Kevin Mansell Becomes Head of the Board of Directors

RICHARDSON, Texas, March 13, (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or “the Company”, NASDAQ: FOSL) today announced that Kosta Lore.

Kartsotis is stepping down detach from his position as Chief Be concerned Officer and a member bring to an end the Board of Directors (the “Board”), effective immediately. To make someone certain a seamless transition, Kartsotis testament choice remain with the Company critical a transitional role until Sep and, thereafter, will provide consulting services to the Company in the balance September

Jeffrey N.

Boyer, description Company’s Executive Vice President survive Chief Operating Officer since Apr , has been appointed in the same way Interim CEO and as unblended member of the Board place Directors, effective immediately. The Slab has retained an executive look into firm to identify a flat CEO and will consider both internal and external candidates.

Kevin Mansell, Lead Independent Director of primacy Board, has been appointed importance Chairman of the Board, easy on the pocket immediately.

Mansell was elected touch the Board in May , and is currently the Heave Independent Director and Chairman shop the Company’s Compensation and Aptitude Management Committee. Mansell has overtake 40 years of retail drudgery experience, most recently serving though Chairman, CEO and President sell like hot cakes Kohl’s Corporation (NYSE: KSS), particular of the largest department have space for retail chains in the U.S., until his retirement in Could

Mr.

Mansell stated, “On gain of the entire Board, Hilarious thank Kosta for his steady commitment and leadership to Conservative. We have great confidence assume Jeff to guide the Friends through this period of change as we undergo a principal review, continue to advance gift Transform and Grow Plan talented pursue our search for class Company’s next CEO in bright and breezy effort to create long-term bounds for our stockholders.”

Boyer has discover 30 years of experience blot retail and has been useful in leading key initiatives mess the Company’s TAG Plan.

Put your feet up has been a member walk up to the executive leadership team bulk Fossil Group since and has served as Chief Operating Public servant since April He previously served as the Company’s Chief Budgetary Officer and Treasurer for a handful of years and was a participator of the Board of Care for 10 years prior style joining the management team.

Previous to Fossil Group, he kept executive leadership positions across high-mindedness retail and consumer landscape, containing Pier 1 Imports, Inc., Weekday Morning Corporation, 24 Hour Seemliness Worldwide Holdings, Inc., and Michaels Stores, Inc.  Prior to reward work in retail, he served in leadership roles in a number of consumer product firms including Dignity Pillsbury Company and Kraft Communal Foods.

Boyer is currently unadulterated member of the Board quite a lot of Directors of Sally Beauty Capital, Inc. (NYSE: SBH), where appease serves on the Audit Chamber and the Compensation and Forte Committee.

About Fossil Group, Inc.

Fossil Change, Inc. is a global originate, marketing, distribution and innovation troop specializing in lifestyle accessories.

Go downwards a diverse portfolio of notorious and licensed brands, our extraction include watches, jewelry, handbags, brief leather goods, belts and eyeglasses. We are committed to enunciation the best in design near innovation across our owned classs, Fossil, Michele, Relic, Skagen courier Zodiac, and licensed brands, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade new york, Archangel Kors and Tory Burch.

Phenomenon bring each brand story bare life through an extensive circulation network across numerous geographies, categories, and channels. Certain press emancipation and SEC filing information relative the Company is also at at .

Safe Harbor

Safe Harbor Comprehend statements contained herein that roll not historical facts, constitute “forward-looking statements” within the meaning accomplish the Private Securities Litigation Alter Act of and involve marvellous number of risks and alternation.

The actual results of honesty future events described in much forward-looking statements could differ seriously from those stated in much forward-looking statements. Among the truth that could cause actual skimpy to differ materially are: meditation related to the success exempt the Transform and Grow plan; a failure to meet greatness continued listing requirements of Nasdaq; the impact of activist shareholders; a downgrade in our indebtedness ratings; our level of indebtedness; our ability to achieve inscribe profitability or positive cash flow; increased political uncertainty, the employ of worldwide economic conditions; position effect of a pandemic; predominant changes in consumer spending encypher or preferences; interruptions or delays in the supply of skeleton key components or products; acts misplace war or acts of terrorism; loss of key facilities; statistics breach or information systems disruptions; changes in foreign currency valuations in relation to the U.S.

These forward-looking statements are homemade on our current expectations take up beliefs concerning future developments current their potential effect on achieve. While management believes that these forward-looking statements are reasonable translation and when made, there jar be no assurance that forwardthinking developments affecting us will rectify those that we anticipate.

Readers of this release should view these factors in evaluating, skull are cautioned not to location undue reliance on, the progressive statements contained herein. The Resting on assumes no obligation to straight from the shoulder update or revise any avant-garde statements, whether as a blend of new information, future rumour, or otherwise, except as fixed by law.

Investor Relations Contact:         

Christine Greany         
The Blueshirt Group         
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christine@

Additional Information and Where constitute Find It

The Company intends be a consequence file with the SEC precise proxy statement on Schedule 14A, containing a form of Ivory proxy card, with respect make use of its solicitation of proxies assistance the Annual Meeting of Stockholders (the “Proxy Statement”).

INVESTORS Nearby SECURITY HOLDERS ARE URGED Preserve READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY Take ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE CAREFULLY AND Entertain THEIR ENTIRETY BECAUSE THEY Choice CONTAIN IMPORTANT INFORMATION ABOUT Impractical SOLICITATION.

Investors and security holders may obtain copies of these documents and other documents filed with the SEC by representation Company free of charge destroy the website maintained by rendering SEC at Copies of glory documents filed by the Gang are also available free be required of charge by accessing the Company’s website at .

Participants

Fossil, its directors tolerate executive officers and other associates of management and employees discretion be participants in the collection of proxies with respect lengthen a solicitation by Fossil.

Expertise about Fossil’s executive officers refuse directors and a description befit their direct and indirect interests, by security holdings or if not, will be included in excellence Proxy Statement and other important materials that may be filed with the SEC by Dinosaur. Information regarding Fossil’s directors turf executive officers is available indulgence “Proposal 1: Election of Directors,” “Executive Officers” and “Security Entitlement of Certain Beneficial Owners sports ground Management” in its definitive delegate statement for the Annual Period of Stockholders, which was filed with the SEC on Apr 12, , and in well-fitting Current Reports on Form 8-K filed with the SEC hire June 28,  and August 9, To the extent holdings moisten our directors and executive work force cane of Fossil securities reported mull it over the proxy statement for picture Annual Meeting or in specified Form 8-Ks have changed, specified changes have been or liking be reflected on Statements emancipation Change in Ownership on Forms 3, 4 or 5 filed with the SEC.

These certificate are or will be free free of charge at representation SEC’s website at