Fossil group appoints new CFO

Fossil Group has announced the appointment of Randy Greben as the new chief financial officer effective from 17 March. 

Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organisation’s financial turnaround and business transformation. 

With more than two decades of financial leadership experience, he brings a strong track record of business transformations – ranging from “deep” turnarounds to high-growth strategies for a number of consumer brands.

Greben will replace Andrew Skobe who was interim chief financial officer. The appointment reinforces Fossil Group’s continued commitment to building its leadership team to drive “long-term profitable growth”. 

Greben most recently served as chief financial and operating officer at Casper Sleep, where he strengthened the balance sheet, led a successful sale process of the company’s Canada business, and significantly reduced overall costs.

Previously, he was CFO and treasurer of the meal kit company Blue Apron, where he led strategic actions including debt refinancings, capital raises, and significant governance changes. He joined Blue Apron after serving as senior vice president and chief financial officer at apparel retailer ANN Inc where he oversaw corporate and brand finance. 

He was responsible for several new business activations for the Ann Taylor, LOFT, and Lou and Grey brands. Earlier in his career, he also served as CFO and general manager at Quidsi, a subsidiary of Amazon and a business best known for its flagship websites Diapers.com, Soap.com, and Wag.com.

Regarding his appointment, he said: “For decades, Fossil Group and its iconic global brands have been part of the consumer experience. I am thrilled to join the team at this pivotal time in the company’s turnaround to help advance their strategies and build long-term shareholder value.”

Chief executive officer Franco Fogliato added: “We are thrilled to welcome Randy, who brings deep financial acumen and operating expertise to the Company. Randy is a proven leader and change agent. His appointment will add tremendous value to our team as we pursue our turnaround plan and focus on value creation for all our stakeholders.”