Genesco Inc. announced the appointments of two new independent directors Matthew M. Bilunas, Chief Financial Officer of Best Buy Co. Inc., and Carolyn Bojanowski, Executive Vice President Merchandising, Sephora USA, to Genesco's Board of Directors, effective January 29, 2023, the beginning of its fiscal year. Genesco also announced that current directors Matthew C. Diamond and Kevin P. McDermott will retire from Genesco's Board and will not stand for reelection at Genesco's 2023 Annual Meeting of Shareholders.

In order to facilitate an orderly transition, Genesco has expanded the size of its board from nine to 11 directors until its 2023 Annual Meeting, at which time the Board will revert to nine directors. These additions are part of Genesco's ongoing commitment to board refreshment and reflect the company's commitment to evolving and strengthening its director expertise, enhancing board diversity and bringing new perspectives to its boardroom. Since 2019, the company has added seven new directors to its Board.

Bojanowski brings to the Board more than 20 years of retail expertise with an outstanding record of driving e-commerce, dotcom merchandising, brand marketing, digital marketing, brand and product development, loyalty and revenue optimization performance. She played an instrumental role in the introduction of Sephora's best-in-class Beauty Insider loyalty program. Her leadership and contributions in launching initiatives for the largest prestige beauty e-commerce retailer in the world drove unprecedented growth and industry-first ways to shop.

Bojanowski said, "It is time for Genesco. Its well-positioned portfolio of brands, paired with its intense focus on technology, marketing, e-commerce, and compelling omni-channel growth prospects, position the company well for future success.