{"id":866044,"date":"2025-07-02T08:06:09","date_gmt":"2025-07-02T12:06:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/"},"modified":"2025-07-02T08:06:09","modified_gmt":"2025-07-02T12:06:09","slug":"fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/","title":{"rendered":"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">RICHARDSON, Texas, July  02, 2025  (GLOBE NEWSWIRE) &#8212; Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025.<\/p>\n<p>With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group\u2019s global end-to-end supply chain\u2014from manufacturing and sourcing to distribution and logistics\u2014across all brands and regions. He also oversees the Company\u2019s Global Business Services operations based in Bengaluru, India.<\/p>\n<p>\u201cAs we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,\u201d said Franco Fogliato, Chief Executive Officer of Fossil Group. \u201cWe\u2019re excited to welcome Laks to the executive leadership team. His deep operational expertise, strategic mindset, and understanding of the watch category will be invaluable to our turnaround.\u201d<\/p>\n<p>\u201cTwenty years ago, Fossil was the first aspirational watch I purchased. Decades later, the Company continues to inspire consumers with its heritage, innovation, and customer experience. I\u2019m honored to take on this role and partner with management and our global teams to elevate and modernize our supply chain for the future,\u201d said Lakshmanan.<\/p>\n<p>Lakshmanan most recently served as Managing Director at Alvarez &amp; Marsal (\u201cA&amp;M\u201d), within the firm\u2019s Consumer and Retail Group. Over the past two years, he has worked closely with Fossil as interim Head of Supply Chain as part of the Company\u2019s partnership with A&amp;M. During this time, he played a pivotal role in reshaping Fossil\u2019s distribution strategy, driving significant progress against operational goals and helping improve the Company\u2019s manufacturing responsiveness and cost structure.<\/p>\n<p>Prior to A&amp;M, Lakshmanan held senior operational roles, including Principal in the Strategic Operations practice at Kearney and Group Manager of Distribution and Transportation at Target. He also led transformational initiatives at a leading U.S.-based multinational cosmetics company and a major consumer cooperative focused on supply chain cost optimization and private label strategy.<\/p>\n<p>\n        <strong>About Fossil Group,\u00a0Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wal1paoSzPlBJhiAZ1B4drMEAfchSq2KNQ_IXef6USdTJ1g3bcKc3DA0BiWduuPvTcsJyncxdt6u1bi8sGMrWiC1Z07F4wOPzMZO7rXFfIk=\" rel=\"nofollow\" target=\"_blank\">www.fossilgroup.com<\/a>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:15%;width:15%;min-width:15%;vertical-align: top\">Investor relations:<\/td>\n<td style=\"max-width:85%;width:85%;min-width:85%;vertical-align: top\">Christine Greany<br \/>The Blueshirt Group<br \/>christine@blueshirtgroup.com<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4ODA3MSM3MDI4NjQ1IzIwMDcxODE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWE2YjUyODctNTEwMi00YjFiLWI0OWItZDczNGJhZTI4OTdiLTEwMTg3NTQtMjAyNS0wNy0wMi1lbg==\/tiny\/Fossil-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) &#8212; Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group\u2019s global end-to-end supply chain\u2014from manufacturing and sourcing to distribution and logistics\u2014across all brands and regions. He also oversees the Company\u2019s Global Business Services operations based in Bengaluru, India. \u201cAs we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,\u201d said &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-866044","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) &#8212; Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group\u2019s global end-to-end supply chain\u2014from manufacturing and sourcing to distribution and logistics\u2014across all brands and regions. He also oversees the Company\u2019s Global Business Services operations based in Bengaluru, India. \u201cAs we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,\u201d said &hellip; Continue reading &quot;Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T12:06:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4ODA3MSM3MDI4NjQ1IzIwMDcxODE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer\",\"datePublished\":\"2025-07-02T12:06:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/\"},\"wordCount\":479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ4ODA3MSM3MDI4NjQ1IzIwMDcxODE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\\\/\",\"name\":\"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer - 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(NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group\u2019s global end-to-end supply chain\u2014from manufacturing and sourcing to distribution and logistics\u2014across all brands and regions. He also oversees the Company\u2019s Global Business Services operations based in Bengaluru, India. \u201cAs we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,\u201d said &hellip; Continue reading \"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-02T12:06:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4ODA3MSM3MDI4NjQ1IzIwMDcxODE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer","datePublished":"2025-07-02T12:06:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/"},"wordCount":479,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4ODA3MSM3MDI4NjQ1IzIwMDcxODE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/fossil-group-appoints-laks-lakshmanan-as-chief-supply-chain-officer\/","name":"Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer - 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