Fossil Group has named Franco Fogliato as its new Chief Executive Officer (CEO) and member of the Board of Directors, effective September 18, 2024. He succeeds Jeffrey Boyer, who had been serving as Interim CEO. Boyer will return to his previous role as Chief Operating Officer (COO) and step down from the Board of Directors.
Board’s Confidence in New Leadership
The Board of Directors at Fossil Group expressed their confidence in Fogliato’s ability to lead the company forward. Kevin Mansell, Chairman of the Board, said, “The Board of Directors is thrilled to welcome Franco to the Fossil team. 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.”
This leadership transition is part of Fossil’s ongoing efforts to revitalize its brand and sustain growth. As the company continues to implement its “Transform and Grow” plan, Fogliato’s experience is expected to be crucial in driving future developments.
Franco Fogliato’s Extensive Experience
Franco Fogliato brings a wealth of experience from the consumer and lifestyle industries. Before joining Fossil, he served as President and CEO of Salomon, a prominent sports equipment manufacturer under Amer Sports Inc. During his tenure, Fogliato led a successful business transformation, streamlining operations and refreshing the brand’s identity, which resulted in significant revenue and profit growth.
Fogliato also held key positions at Columbia Sportswear Company, where he served as Executive Vice President of Global Omnichannel. Additionally, he was CEO Europe at Billabong Group, where he oversaw the Nixon watch and accessories brand, further adding to his watch industry credentials.
Statement from Franco Fogliato
In his remarks, Fogliato shared his excitement about joining Fossil Group. “I am honored to join such an iconic global brand. 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.”
The Path Forward for Fossil Group
Fogliato’s leadership marks a new phase for Fossil Group as it seeks to evolve in the dynamic global accessories market. His extensive experience with major brands in the lifestyle and watch industries positions him well to lead Fossil through this period of transformation.
For more details about Fossil Group’s leadership changes and brand initiatives, visit Fossil Group’s website.
