US: Sifford to succeed Lemond as Shoe Carnival CEO
By Katie Smith | 18 October 2012
Mark Lemond, CEO of value-priced footwear retailer Shoe Carnival, will retire due to health reasons at the end of October after 16 years in the role.
Clifton Sifford, general merchandise manager and executive vice president, will succeed Lemond as president and CEO. He will also serve as chief merchandising officer and will join the board on 27 October when Lemond leaves.
Meanwhile, chief financial officer Kerry Jackson will assume the position of COO, while Timothy Baker, executive vice president of store operations, will oversee the company's real estate operations.
"Due to certain health reasons and my desire to spend more time with my family, I have decided to retire at the end of this fiscal quarter," Lemond said.
Jackson added: "The board has full confidence in Cliff, Kerry and Tim's ability to continue and surpass the many accomplishments that were achieved during Mark's tenure."
The footwear retailer, which operates 347 stores, also reaffirmed its third quarter guidance for earnings per share to be between $0.55 to $0.60 and net sales to range from US$240m to $245m.
Sectors: Finance, Footwear, Retail
Companies: Shoe Carnival
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US: Sifford to succeed Lemond as Shoe Carnival CEO
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