Fossil Group, Inc. Announces the Resignation of Dennis R. Secor and Appoints Jeffrey N. Boyer Executive Vice President, Chief...
August 08 2017 - 3:15PM
Fossil Group, Inc. (Nasdaq:FOSL) (the “Company”) today announced
that Dennis R. Secor, the Company’s current Executive Vice
President, Chief Financial Officer and Treasurer, has decided to
relocate back to California for personal reasons. Mr. Secor
joined the Company in December 2012. The Company announced
that Mr. Jeffrey N. Boyer, currently a member of the Company’s
Board of Directors, has been appointed Executive Vice President,
Chief Financial Officer and Treasurer effective October 16,
2017. Mr. Boyer will report directly to Kosta N. Kartsotis,
Chief Executive Officer. Effective with the appointment of
Mr. Boyer on October 16, 2017, Mr. Secor will resign as Chief
Financial Officer and Treasurer and assist Mr. Boyer as he
transitions into his new role with the Company. Mr. Boyer
will resign from the Company’s Board of Directors effective October
15, 2017.
“We would like to thank Dennis for his contributions over the
last five years. Since joining us in 2012, he has been an integral
part of our leadership team. I am also grateful that he will stay
on to assist us with this transition. We wish him all the best with
his next endeavor,” said Mr. Kartsotis. Regarding Mr. Boyer
joining the Company, Mr. Kartsotis stated, “We are pleased to
welcome Jeff to his new role. As a valued member of our Board of
Directors for the last ten years, his guidance has been critical to
our success. In his new role, Jeff’s experience, expertise and
leadership will be invaluable as we continue transitioning to New
World Fossil.”
Mr. Boyer was appointed to the Company’s Board of Directors in
December 2007. Mr. Boyer currently serves as Chairman of the
Company’s Finance Committee, and he is a member of the Audit
Committee. Mr. Boyer has served as Executive Vice President
and Chief Financial Officer for Pier 1 Imports, Inc. since June
2015. Pier 1 is a retailer of decorative accessories, furniture,
candles, housewares, gifts and seasonal products. Prior to joining
Pier I Imports, Mr. Boyer served as Executive Vice President, Chief
Administrative Officer and Chief Financial Officer for Tuesday
Morning Corporation from September 2013 until June 2015.
Tuesday Morning is a retailer of upscale decorative home
accessories, housewares, seasonal goods, and gifts. Mr. Boyer
served as Executive Vice President and Chief Operating Officer of
24 Hour Fitness Worldwide Holdings, Inc., an operator of fitness
centers, from June 2012 until September 2013 and as their Executive
Vice President and Chief Financial Officer from April 2008 until
June 2012. Mr. Boyer began his career as an accountant with
PricewaterhouseCoopers in 1980.
Safe HarborCertain statements
contained herein that are not historical facts constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve a number of
risks and uncertainties. The actual results of the future
events described in such forward-looking statements could differ
materially from those stated in such forward-looking
statements. Among the factors that could cause actual results
to differ materially are the risks and uncertainties set forth in
the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2016 filed with the Securities and Exchange Commission
(the “SEC”). These forward-looking statements are based on
our current expectations and beliefs concerning future developments
and their potential effect on us. While management believes that
these forward-looking statements are reasonable as and when made,
there can be no assurance that future developments affecting us
will be those that we anticipate. Readers of this release
should consider these factors in evaluating, and are cautioned not
to place undue reliance on, the forward-looking statements
contained herein. The Company assumes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise, except
as required by law.
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 fashion watches, jewelry, handbags, small leather
goods and wearables. With our newest owned brand, Misfit,
we’re bringing style and technology to the high-growth connected
space. We’re committed to delivering the best in design and
innovation across our owned brands, Fossil, Michele, Misfit, Relic,
Skagen and Zodiac, and licensed brands, Armani Exchange, Burberry,
Chaps, Diesel, DKNY, Emporio Armani, Karl Lagerfeld, kate spade new
york, Marc Jacobs, Michael Kors and Tory Burch. We bring each
brand story to life through an extensive wholesale distribution
network across approximately 150 countries and over 550 retail
locations. Certain press release and SEC filing information
concerning the Company is also available at
www.fossilgroup.com.
Investor Relations:
Eric M. Cerny
FOSSIL GROUP, Inc.
(855) 336-7745
Allison Malkin
ICR, Inc.
(203) 682-8225
Public Relations:
Ann Jane Draper
FOSSIL GROUP, Inc.
(469) 587-2893
ajdraper@fossil.com
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