Citizen Watch Appoints New President

Citizen Watch Company of America announced April 18 the
promotion of Jeffrey A. Cohen to president, effectively immediately.

He succeeds Laurence Grunstein, who is retiring after 26
years with the company.

Cohen will have responsibility for the sales, marketing,
product development, distribution, and finance in the United States, Caribbean,
Canada and the United Kingdom.

Prior to joining Citizen, Cohen was president worldwide of
the Movado brand. He joined Citizen as executive vice president in June 2010.
Cohen has been active in the watch industry, serving as a member of the 24
Karat Club, JCK Advisory Board, and Jewelry Information Center.

Citizen also announced the executive promotions of Carl A.
Mielke to executive vice president of sales in the U.S. Market, Citizen Watch
Company of America; Kevin Kaye to president, Citizen Watch Company of Canada;
and Alan Mace to managing director, Citizen Watch United Kingdom.

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