Genesco Announces Journeys Group President Mario Gallione to Retire in February 2024
31 August 2023 - 6:30AM
Business Wire
--Search Process Underway To Identify
Successor--
Genesco Inc. (NYSE: GCO) announced today the planned retirement
of Journeys Group president Mario Gallione at the end of the
Company’s fiscal year, with an expected effective date of February
2024.
“I would like to thank Mario for his remarkable 44-year career
with Genesco. He has been part of the team since the beginning and
has been instrumental in building Journeys into the leading teen
fashion footwear retailer. Mario’s merchant leadership and
exceptional footwear expertise have been a significant part of
Journeys’ long-term growth, record success and value creation,”
said Genesco Board Chair, President and Chief Executive Officer
Mimi E. Vaughn. “Beyond Mario’s entrepreneurial strengths, his
distinct desire to develop a world class organization with a strong
foundation of culture and talent will define his legacy. Mario’s
servant heart and philanthropy are exemplified by the Journeys
Attitude That Cares program, which has impacted thousands of
employees and customers through scholarships, volunteer service and
community collaboration. He has been a respected member of our
leadership team, and we will wish him the very best in a
well-deserved retirement. I am confident that as a result of his
work and the strong team in place, Journeys is well positioned for
tremendous success in the years ahead.”
“It has been an honor to work with the extraordinary team at
Journeys and Genesco. As I look back, especially over the past six
years as president, I am incredibly proud of what our team has
accomplished including successfully expanding our digital
transformation enabling us to serve our customers with the right
products in the ways our teens want to shop, as well as
successfully managing through an unprecedented pandemic,” said
Gallione. “Our outstanding people have created the industry-leading
teen footwear retail brand that is now serving its fourth
generation. I am excited to help execute a seamless transition and
see how this team takes Journeys to the next level.”
The Company has initiated a broad search process to identify
Gallione’s successor with the assistance of Egon Zehnder, a leading
executive leadership firm, and expects to consider both internal
and external candidates.
During the transition, Gallione will become Journeys’ president
emeritus. In addition, Mike Sypert has been named Journeys’ chief
operating officer responsible for aiding the transition of
leadership as well as assuming day-to-day responsibilities for
Journeys, Journeys Kidz and Little Burgundy’s business, including
stores and websites in the U.S. and Canada. Vaughn added, “Mike has
been a driving force in Journeys’ growth and his track record for
success and ability to develop and lead teams are exceptional. I
look forward to working with Mike during this transition
period.”
Sypert is a 34-year company veteran who most recently served as
Journeys executive vice president of sales and retail
operations.
About Genesco Inc.
Genesco Inc. (NYSE: GCO) is a footwear focused company with
distinctively positioned retail and lifestyle brands and proven
omnichannel capabilities offering customers the footwear they
desire in engaging shopping environments, including approximately
1,400 retail stores and branded e-commerce websites. Its Journeys,
Little Burgundy and Schuh brands serve teens, kids and young adults
with on-trend fashion footwear that inspires youth culture in the
U.S., Canada and the U.K. Johnston & Murphy serves the
successful, affluent man and woman with premium footwear, apparel
and accessories in the U.S. and Canada, and Genesco Brands Group
sells branded lifestyle footwear to leading retailers under
licensed brands including Levi’s, Dockers and G.H. Bass. Founded in
1924, Genesco is based in Nashville, Tennessee. For more
information on Genesco and its operating divisions, please visit
www.genesco.com.
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Genesco Financial Contacts
Thomas A. George (615) 367-7465 tgeorge@genesco.com
Darryl MacQuarrie (615) 367-7672 dmacquarrie@genesco.com
Genesco Media Contact Claire
S. McCall (615) 367-8283 cmccall@genesco.com
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