Shoe Carnival names new CEO
Evansville, Indiana-based value footwear and accessories retailer Shoe Carnival, Inc. announced on Friday the appointment of Mark Worden as the retailer's new CEO.
Worden, who was unanimously elected by the company’s board of directors, first joined the company in 2018 as EVP and chief strategy and marketing officer. He was later promoted to his current position as president and chief customer officer.
“We are thrilled to have Mark assume the role as chief executive officer, and have the utmost confidence in his ability to lead the Shoe Carnival team and deliver strong performance as we enter this new chapter,” said J. Wayne Weaver, chairman of Shoe Carnival’s board of directors, in a news statement.
He will succeed Cliff Sifford, who will step down from his position on September 30, but will continue to serve in the role of vice chairman of the company’s board of directors. Sifford began his career with the company in 1997 and has served as its CEO since 2012.
“Cliff has been an extraordinary leader in the shoe industry for over four decades and at Shoe Carnival for the past 24 years. We cannot express our gratitude and admiration enough. His deep knowledge of the industry and passion for the company elevated Shoe Carnival to its position as a leader in family footwear and we are grateful for his continued guidance as Vice Chairman,” added Weaver.
Sifford’s leadership is credited for many milestones, including growing revenues to over $1 billion and achieving eleven consecutive years of comparable store sales growth leading into fiscal 2020. He equally oversaw the strategic investments in the company’s CRM system and the launch of its e-commerce platform.
Shoe Carnival also announced that its board of directors has increased its quarterly cash dividend from $0.09 to $0.14 per share, an increase of 56 percent. This will be effective for the next quarterly cash dividend, which will be paid on April 19, 2021 to shareholders of record as of the close of business on April 5, 2021.
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