Fossil Group Appoints Finance Veteran Sunil Doshi as Chief Money Officer Nasdaq:FOSL

RICHARDSON, Texas, March 10, 2021 (Globe NEWSWIRE) — Fossil Team, Inc. (NASDAQ: FOSL) today introduced the advertising of Sunil Doshi, Senior Vice President Global Finance & Accounting and Chief Accounting Officer, to Main Fiscal Officer and Treasurer, effective March 29, 2021. Mr. Doshi, who delivers far more than 20 years of experience in senior finance roles, will think the CFO place from Jeffrey Boyer, who continues to be Main Running Officer and a member of Fossil Group’s Business office of the Chairman. Sunil will report to Jeff in his new job.

“We are happy to welcome Sunil to the government leadership workforce,” stated Kosta Kartsotis, Chairman and Chief Executive Officer. “His in depth economic qualifications, prior client and public enterprise CFO encounter, and historical past with Fossil make this a natural development. We are assured that Sunil will convey large value to this part as we situation the Organization to return to sustainable income advancement, increase profitability and create worth for Fossil’s shareholders.”

Kartsotis extra, “This organizational alter further more strengthens our executive management group and will allow us to accelerate the over-all transformation of the business. Our aim is to grow to be a electronic-initial firm, which also encompasses strengthening our operational platforms, like supply chain, functions, logistics, details technological innovation and sustainability initiatives underneath Jeff’s management.”

Mr. Doshi joined Fossil in June 2020 and earlier served as Chief Money Officer for Fossil Group’s Americas area from 2012 to 2015. Prior to rejoining Fossil last year, Mr. Doshi served as Chief Financial Officer at Mitra QSR, amid the greatest domestic franchisee operators in the Yum! Models (NYSE: YUM) community, due to the fact February 2019. Prior to that he was Chief Fiscal Officer of Zoe’s Kitchen (previously NYSE: ZOES) from 2015 to 2019. Mr. Doshi started out his vocation at L Manufacturers, where he held several senior finance roles from 1999 to 2012. He retains a B.S. in Accounting from Ohio State College and an M.B.A. from the University of Chicago Booth School of Business enterprise.

About Fossil Team, Inc.

Fossil Group, Inc. is a worldwide structure, advertising and marketing, distribution and innovation firm specializing in life-style accessories. Underneath a diverse portfolio of owned and accredited brands, our offerings include things like standard watches, smartwatches, jewelry, handbags, smaller leather items, belts and sun shades. We are committed to offering the very best in style and innovation across our owned makes, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brand names, Armani Trade, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors, PUMA and Tory Burch. We bring each and every manufacturer tale to existence via an intensive distribution network across a lot of geographies, categories, and channels. Specified press release and SEC submitting facts about the Corporation is also readily available at www.fossilgroup.com.