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Caden Wang joins Fossil's Board of Directors

23
Aug '05
Texas based full range watch and related accessories maker Fossil Inc announced the appointment of Caden Wang to its Board of Directors effective August 22, 2005. The appointment increases the size of the Company's Board of Directors to ten (10) members, including six (6) independent directors and four (4) members of senior management. Wang will serve on the Audit Committee of the Board and the Compensation Committee of the Board.

Kosta Kartsotis, President and Chief Executive Officer of the Company, said, "Company is very excited to have Caden join Fossil's Board of Directors. His extensive international experience in retail, brand-building and financials will be very valuable to the company as it continues to grow."

Caden Wang has been affiliated with Jackson Hole Consulting Group since June 2003. Since April 2005,. Wang has served on the Board of Directors of LeapFrog Enterprises, Inc. and is the chairman of its compensation committee.

Since October 2003, Wang has served on the Board of Directors of bebe stores, inc. and is the chairman of its audit committee. From 1999 to 2001, Wang served as Executive Vice President and Chief Financial Officer of LVMH Selective Retailing Group. He has also served as the Chief Financial Officer of DFS, Gump's and Cost Plus. Wang is a Certified Public Accountant.

Fossil Inc is a design, development, marketing and distribution company that specializes in consumer products predicated on fashion and value. The Company's principal offerings include an extensive line of fashion watches sold under the Company's proprietary and licensed brands.

The Company also offers complementary lines of small leather goods, belts, handbags, sunglasses, jewelry and apparel. The Company's products are sold in department stores and specialty retail stores in over 90 countries around the world.

Fossil Inc


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