Movado Group CEO and leadership

Efraim Grinberg joined the Company in June 1980 and served as the Company’s Vice President of Marketing from February 1985 until July 1986, at which time he was elected to the position of Senior Vice President of Marketing. From June 1990 to October 1995, Mr. E. Grinberg served as the Company’s President and Chief Operating Officer and, from October 1995 until May 2001, served as the Company’s President. In May 2001, Mr. E. Grinberg was elected to the position of President and Chief Executive Officer and, in addition, effective January 31, 2009, he was elected Chairman of the Board of Directors. In March 2010 Mr. E. Grinberg resigned as President. He continues to serve as the Company’s Chairman of the Board of Directors and Chief Executive Officer. Mr. E. Grinberg’s more than three decades of experience in the watch industry and in a variety of positions at the Company during this period of its growth provides him with extensive knowledge of the Company’s brands, markets, competitors, customers and other aspects of its business and the industry as a whole and qualifies him for service on the Board of Directors. Mr. E. Grinberg also serves on the Board of Directors of Lincoln Center for the Performing Arts, Inc. and Jewelers of America.

Ecommerce and Retail Executive - Accelerates sales, market share, profitability in omni-channel businesses through improved customer experience, digital transformation, innovative technology and business growth strategies.▪ Revenue Growth and Digital transformation - As the President, DTC & Chief Digital Officer, led Movado Group’s Digital transformation, dramatically increased Digital Direct to Consumer sales. Created the Digital Center of Excellence, hired talent across key digital disciplines and centralized key functions across 11 brands globally.▪ Profit Optimization and Customer Growth - As VP/GM at Keurig, transformed the $400M ecommerce channel by creating a new subscription based value proposition for the direct business. Built a talented team, dramatically improved customer experience across all channels, implemented digital marketing, CRM and advanced targeting tools to acquire and retain customers. Additionally, improved operating income by 300bps by leveraging technology and taking cost out of fulfillment operations.▪ Innovation - Led the 3D Printing initiative for Staples, the first retailer to provide a nationwide solution. With Online and Retail 3D printing experience centers, enabled consumers and business to discover, design and create prototypes using the latest tools and technologies.▪ Mergers and Acquisitions - Led acquisition of PNI Digital Media, a multimillion-dollar company, and Makr, a Brooklyn based technology startup, accelerating the ecommerce strategy and MVMT, a DTC watch startup, to drive Movado Groups digital business.Expertise: ▪ eCommerce and Omni-channel▪ P&L Management▪ Digital Marketing and Merchandising▪ Brand and Product Marketing▪ Strategic and Operational Planning▪ Forecasting and Capital Planning▪ Multi-unit retail operations▪ Business Development▪ Market Evaluation and Expansion▪ Acquisition and Strategic partnerships▪ Product Design and Development

Efraim Grinberg joined the Company in June 1980 and served as the Company’s Vice President of Marketing from February 1985 until July 1986, at which time he was elected to the position of Senior Vice President of Marketing. From June 1990 to October 1995, Mr. E. Grinberg served as the Company’s President and Chief Operating Officer and, from October 1995 until May 2001, served as the Company’s President. In May 2001, Mr. E. Grinberg was elected to the position of President and Chief Executive Officer and, in addition, effective January 31, 2009, he was elected Chairman of the Board of Directors. In March 2010 Mr. E. Grinberg resigned as President. He continues to serve as the Company’s Chairman of the Board of Directors and Chief Executive Officer. Mr. E. Grinberg’s more than three decades of experience in the watch industry and in a variety of positions at the Company during this period of its growth provides him with extensive knowledge of the Company’s brands, markets, competitors, customers and other aspects of its business and the industry as a whole and qualifies him for service on the Board of Directors. Mr. E. Grinberg also serves on the Board of Directors of Lincoln Center for the Performing Arts, Inc. and Jewelers of America.

Efraim Grinberg joined the Company in June 1980 and served as the Company’s Vice President of Marketing from February 1985 until July 1986, at which time he was elected to the position of Senior Vice President of Marketing. From June 1990 to October 1995, Mr. E. Grinberg served as the Company’s President and Chief Operating Officer and, from October 1995 until May 2001, served as the Company’s President. In May 2001, Mr. E. Grinberg was elected to the position of President and Chief Executive Officer and, in addition, effective January 31, 2009, he was elected Chairman of the Board of Directors. In March 2010 Mr. E. Grinberg resigned as President. He continues to serve as the Company’s Chairman of the Board of Directors and Chief Executive Officer. Mr. E. Grinberg’s more than three decades of experience in the watch industry and in a variety of positions at the Company during this period of its growth provides him with extensive knowledge of the Company’s brands, markets, competitors, customers and other aspects of its business and the industry as a whole and qualifies him for service on the Board of Directors. Mr. E. Grinberg also serves on the Board of Directors of Lincoln Center for the Performing Arts, Inc. and Jewelers of America.

Ecommerce and Retail Executive - Accelerates sales, market share, profitability in omni-channel businesses through improved customer experience, digital transformation, innovative technology and business growth strategies.▪ Revenue Growth and Digital transformation - As the President, DTC & Chief Digital Officer, led Movado Group’s Digital transformation, dramatically increased Digital Direct to Consumer sales. Created the Digital Center of Excellence, hired talent across key digital disciplines and centralized key functions across 11 brands globally.▪ Profit Optimization and Customer Growth - As VP/GM at Keurig, transformed the $400M ecommerce channel by creating a new subscription based value proposition for the direct business. Built a talented team, dramatically improved customer experience across all channels, implemented digital marketing, CRM and advanced targeting tools to acquire and retain customers. Additionally, improved operating income by 300bps by leveraging technology and taking cost out of fulfillment operations.▪ Innovation - Led the 3D Printing initiative for Staples, the first retailer to provide a nationwide solution. With Online and Retail 3D printing experience centers, enabled consumers and business to discover, design and create prototypes using the latest tools and technologies.▪ Mergers and Acquisitions - Led acquisition of PNI Digital Media, a multimillion-dollar company, and Makr, a Brooklyn based technology startup, accelerating the ecommerce strategy and MVMT, a DTC watch startup, to drive Movado Groups digital business.Expertise: ▪ eCommerce and Omni-channel▪ P&L Management▪ Digital Marketing and Merchandising▪ Brand and Product Marketing▪ Strategic and Operational Planning▪ Forecasting and Capital Planning▪ Multi-unit retail operations▪ Business Development▪ Market Evaluation and Expansion▪ Acquisition and Strategic partnerships▪ Product Design and Development