Fossil Group CFO Sunil Doshi resigns; Andy Skobe named Interim CFO via Ankura

Fossil Group, Inc.

CFO Sunil Doshi to resign effective July 19, 2024; no disagreement with company.
Andy Skobe appointed Interim CFO immediately; 30+ years experience, former Radisson Hotel Group CFO.
Jeffrey Boyer (Interim CEO) appointed principal financial and accounting officer for transition.
Company affirms FY 2024 outlook: net sales ~$1.2B, adjusted op margin -3% to -5%, positive free cash flow.
Q2 2024 earnings call scheduled for August 8, 2024; ~$57M tax refunds received in Q2.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Andy Skobe

Interim Chief Financial Officer

FOSL · Fossil Group, Inc.

Effective: 2024-07-01
Filed: July 1, 2024, 7:59 PM ET

the Company has appointed Andy Skobe as the Company’s Interim Chief Financial Officer, effective immediately.

Departed

Sunil M. Doshi

Chief Financial Officer and Treasurer

FOSL · Fossil Group, Inc.

Effective: 2024-07-19
Successor: Andy Skobe
Filed: July 1, 2024, 7:59 PM ET

Sunil M. Doshi, the Chief Financial Officer (principal financial and accounting officer) (“CFO”) and Treasurer of Fossil Group, Inc. (the “Company”), notified the Company of his intent to resign from the Company, effective July 19, 2024.

Appointed

Jeffrey N. Boyer

principal financial and accounting officer

FOSL · Fossil Group, Inc.

Filed: July 1, 2024, 7:59 PM ET

Jeffrey N. Boyer, the Company’s Interim Chief Executive Officer, has been appointed the Company’s principal financial and accounting officer for the transition period.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andy Skobe was appointed as Interim Chief Financial Officer at Fossil Group, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

the Company has appointed Andy Skobe as the Company’s Interim Chief Financial Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sunil M. Doshi resigned as Chief Financial Officer and Treasurer at Fossil Group, Inc..

Action: resigned
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Sunil M. Doshi, the Chief Financial Officer (principal financial and accounting officer) (“CFO”) and Treasurer of Fossil Group, Inc. (the “Company”), notified the Company of his intent to resign from the Company, effective July 19, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Jeffrey N. Boyer was appointed as principal financial and accounting officer at Fossil Group, Inc..

Action: appointed
Role: principal financial and accounting officer

Exact text from the filing

Jeffrey N. Boyer, the Company’s Interim Chief Executive Officer, has been appointed the Company’s principal financial and accounting officer for the transition period.

View on SEC.gov

Fossil Group, Inc. filing history →

Source: SEC EDGAR

accession 0000883569-24-000057

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