FOSSIL GROUP, INC. APPOINTS TWO CONSUMER INDUSTRY VETERANS

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