Recently, Timex Group B.V. announced Scott Wolfe was appointed as President of the Callanen International Business Unit, which manages the Nautica, Mark Ecko, and Helix brands, effective March 31, 2008. Mr. Wolfe will report directly into Timex Group B.V. President and Chief Executive Officer, Hans-Kristian Hoejsgaard.

Wolfe succeeds Adam Gurian as President of Callanen International. "Scott's outstanding track record as Vice President, Global Marketing uniquely poised him to take on this senior leadership position," comments Mr. Hoejsgaard. Prior to joining Callanen in September 2000 as Vice President of Global Marketing, Wolfe had extensive experience in high end jewelry, fashion and apparel having held senior positions with Pierre Cardin, a global fashion licensing organization.

Mr. Hoejsgaard comments, "This is an exciting time for Timex Group brands. We are very pleased to elevate Mr. Wolfe within our organization to take on a new leadership role."

Timex Group is one of the top watch companies in the world, and possibly the largest by unit volume. Its revenues are approximately US $700 million, with over 6,000 employees. Timex was founded in 1854, and has been designing, manufacturing and selling innovative timepieces for more than 150 years. Timex Group companies manufacture and sell watches under numerous brands in many different market segments, including Timex, TX, Timex Ironman, Timex Expedition, Valentino, Salvatore Ferragamo, Vincent Berard, Versace, Versus, Guess, Gc, Mark Ecko and Nautica.

Source: Callanen International