Fossil Group, Inc. Announces the Elimination of Darren E. Hart as Executive Vice President, Chief Human Resources Officer, Effective April 26, 2024
April 03, 2024 at 04:19 pm EDT
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On April 2, 2024, Fossil Group, Inc. informed Mr. Darren E. Hart, Ph.D., Executive Vice President, Chief Human Resources Officer, that his position with the company was being eliminated in connection with the Company's ongoing Transform and Grow strategy. Mr. Hart will remain employed with the Company through April 26, 2024. Mr. Hart's responsibilities will be assumed by other officers at the Company.
Mr. Hart had previously entered into an Executive Severance Agreement with the Company (the Agreement") and will receive certain payments and benefits in connection with a termination of service without cause under the Agreement.
Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Companyâs principal offerings include a line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Its segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.
FOSSIL GROUP, INC. 
