Fossil CFO Michael Kovar to Retire in March 2013

Fossil FOSL today announced that Michael L. Kovar will retire as Chief Financial Officer in March 2013. Mr. Kovar joined the Company in March 2000 and was promoted to Chief Financial Officer in October 2000. The Company is commencing a search for his successor. "Mike has been an integral part of our executive team as we have driven the Company's sales and earnings growth dramatically over the last twelve years," said Mr. Kosta Kartsotis, the Company's Chairman and Chief Executive officer. "Leading the finance function at Fossil has been a wonderful experience, both personally and professionally. Fossil's prospects have never been brighter and I look forward to watching its continued success as I pursue personal interests and spend more time with my family," said Mr. Kovar.