Shoe Carnival announces Mark Worden as its next CEO alongside Cliff Sifford remaining Vice-Chairman of the Board of Directors.

– USA, IN –  Shoe Carnival, Inc. (NASDAQ: SCVL), a leading retailer of moderately priced footwear and accessories, today announced the appointment of the current President and Chief Customer Officer Mark Worden as its next President and CEO, effective September 30, 2021, succeeding Cliff Sifford, who will step down as the CEO but will continue to serve in the role of Vice-Chairman of the Board of Directors.

“We are thrilled to have Mark assume the role as CEO, and have the utmost confidence in his ability to lead the Shoe Carnival team and deliver strong performance as we enter this new chapter. He and Cliff have worked tirelessly over the last three years to develop an industry-leading management team, and the Board believes they will achieve great things as they work together in their new roles going forward.” said Board Chairman, Wayne Weaver.

“When Mark joined Shoe Carnival nearly three years ago, our objective was to bring onboard an executive officer who would be positioned to take over as CEO at the right time. Mark has made tremendous contributions to Shoe Carnival, and I have enjoyed working alongside him over the past several years. I have the greatest confidence in his ability to lead the Company as we embark on this new chapter,” said Cliff Sifford. “His strategic direction, deep knowledge of our customers, digital expertise, and unwavering commitment to our employees makes him the perfect fit for this role. I look forward to watching Shoe Carnival continue to thrive under Mark’s leadership.”

Mr. Sifford began his career with the Company in 1997 and has served as the CEO since 2012.

J. Wayne Weaver, Board Chairman said, “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.”

About Mark Worden

Mr. Worden joined the Company in 2018 as its Executive Vice President – Chief Strategy and Marketing Officer and has served as the President and Chief Customer Officer of Shoe Carnival since 2019. Mr. Worden currently oversees the Company’s stores, e-commerce, marketing, strategy, CRM, real estate, and human resource organizations. He brings over 25 years of leadership experience in the retail and consumer industries to his new position. Prior to joining Shoe Carnival, Mr. Worden held several leadership positions at S.C. Johnson & Son, Inc. and Kimberly–Clark Corporation.

“I would like to thank the Board of Directors and Cliff for their unwavering support and am honored to have the opportunity to lead this great company,” said Mark Worden. “Over Cliff’s 24 years at Shoe Carnival, he built an organization full of talented, seasoned, customer-centric team members. He has been a great partner to me since I joined the Company in 2018, and I am thrilled to continue our relationship as we transition to new responsibilities. I believe our organization is set up very well to drive long-term shareholder value and gain market share as we execute our strategic growth plans.”

About Shoe Carnival

Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of March 18, 2021, the Company operates 383 stores in 35 states and Puerto Rico and offers online shopping at website. Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL.

For more information: https://www.shoecarnival.com/

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