Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer, Effective from June 16, 2025

Published: 2025-07-02 09:06:22 ET FOSL

Published on 07/02/2025 at 09:06

Fossil Group, Inc. announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group?s global end-to-end supply chain?from manufacturing and sourcing to distribution and logistics?across all brands and regions.

He also oversees the Company?s Global Business Services operations based in Bengaluru, India. Lakshmanan most recently served as Managing Director at Alvarez & Marsal (?A&M?), within the firm?s Consumer and Retail Group. Over the past two years, he has worked closely with Fossil as interim Head of Supply Chain as part of the Company?s partnership with A&M. During this time, he played a pivotal role in reshaping Fossil?s distribution strategy, driving significant progress against operational goals and helping improve the Company?s manufacturing responsiveness and cost structure.

Prior to A&M, Lakshmanan held senior operational roles, including Principal in the Strategic Operations practice at Kearney and Group Manager of Distribution and Transportation at Target. He also led transformational initiatives at a leading U.S.-based multinational cosmetics company and a major consumer cooperative focused on supply chain cost optimization and private label strategy.