Fossil confirms board of directors appointment

16/04/2012
US leathergoods firm Fossil has announced the appointment of Thomas M. Nealon to its Board of Directors effective 16 April, 2012. With the appointment, the Company's Board of Directors consists of 12 members, including ten independent directors, one former member of senior management and one current member of senior management.

Kosta Kartsotis, CEO, said: “We are tremendously pleased to have Tom join our Board. As we continue to expand our business globally, Tom's significant experience in corporate strategy and information technology in the retail industry will be very beneficial to us.”

Mr. Nealon is currently a member of the Board of Directors of Southwest Airlines Co. Mr. Nealon most recently served as Group Executive Vice President of J. C. Penney Company, Inc. He resigned from that position effective December 1, 2011 for personal reasons. Mr. Nealon joined J. C. Penney in 2006 as Chief Information Officer, and held that position until his promotion to Group Executive Vice President in 2010. Prior to joining J. C. Penney, Mr. Nealon was with Electronic Data Systems, now a division of the Hewlett-Packard Company, from 2004 to 2006 and served on assignment as Senior Vice President and Chief Information Officer for Southwest Airlines Co. Prior to joining Electronic Data Systems, Mr. Nealon was a partner from 2000 to 2004 at the Feld Group, an IT management consultancy firm later acquired by Electronic Data Systems. Mr. Nealon also spent 15 years at Frito-Lay, Inc., a division of PepsiCo, serving in critical roles across the information technology organisation, including two years as Chief Information Officer.