RICHARDSON, Texas, March 10, 2021 (World NEWSWIRE) — Fossil Team, Inc. (NASDAQ: FOSL) today declared the marketing of Sunil Doshi, Senior Vice President World Finance & Accounting and Main Accounting Officer, to Chief Monetary Officer and Treasurer, productive March 29, 2021. Mr. Doshi, who brings extra than 20 years of experience in senior finance roles, will think the CFO posture from Jeffrey Boyer, who continues to be Chief Running Officer and a member of Fossil Group’s Workplace of the Chairman. Sunil will report to Jeff in his new role.

“We are happy to welcome Sunil to the govt leadership crew,” claimed Kosta Kartsotis, Chairman and Main Government Officer. “His in depth economic qualifications, prior buyer and community company CFO expertise, and background with Fossil make this a natural development. We are assured that Sunil will provide great worth to this function as we placement the Corporation to return to sustainable product sales advancement, make improvements to profitability and establish value for Fossil’s shareholders.”

Kartsotis added, “This organizational modify even more strengthens our government leadership crew and will allow us to accelerate the total transformation of the enterprise. Our target is to become a electronic-first firm, which also encompasses strengthening our operational platforms, including offer chain, operations, logistics, data technology and sustainability initiatives underneath Jeff’s leadership.”

Mr. Doshi joined Fossil in June 2020 and formerly served as Chief Monetary Officer for Fossil Group’s Americas location from 2012 to 2015. Prior to rejoining Fossil past yr, Mr. Doshi served as Chief Money Officer at Mitra QSR, among the largest domestic franchisee operators within the Yum! Models (NYSE: YUM) community, given that February 2019. Prior to that he was Chief Economical Officer of Zoe’s Kitchen (previously NYSE: ZOES) from 2015 to 2019. Mr. Doshi started out his vocation at L Brand names, exactly where he held a variety of senior finance roles from 1999 to 2012. He retains a B.S. in Accounting from Ohio Condition University and an M.B.A. from the University of Chicago Booth Faculty of Enterprise.

About Fossil Team, Inc.

Fossil Group, Inc. is a international design, marketing, distribution and innovation business specializing in lifestyle equipment. Less than a assorted portfolio of owned and licensed manufacturers, our choices include standard watches, smartwatches, jewellery, handbags, smaller leather-based items, belts and sun shades. We are committed to offering the best in design and innovation throughout our owned models, Fossil, Michele, Relic, Skagen and Zodiac, and certified models, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors, PUMA and Tory Burch. We provide each model tale to daily life by means of an intensive distribution community throughout a lot of geographies, classes, and channels. Certain push launch and SEC submitting data relating to the Firm is also out there at www.fossilgroup.com.

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