Fossil Group, Inc. announced on July 2, 2025, the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. This new role underscores the company's commitment to optimizing its global supply chain operations. Lakshmanan will lead the entire end-to-end supply chain, from manufacturing and sourcing to distribution and logistics, across all brands and regions.
Lakshmanan brings over 20 years of supply chain leadership experience, with deep expertise in network design, integrated planning, cost transformation, and operational excellence. He previously served as Managing Director at Alvarez & Marsal, where he worked closely with Fossil as interim Head of Supply Chain for two years. During this time, he played a pivotal role in reshaping Fossil’s distribution strategy and improving manufacturing responsiveness and cost structure.
CEO Franco Fogliato highlighted that building a high-performing, diverse leadership team is a top priority for the company's turnaround plan. Lakshmanan's operational expertise, strategic mindset, and understanding of the watch category are expected to be invaluable in modernizing the supply chain for the future. He will also oversee the company's Global Business Services operations in Bengaluru, India.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.