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Shoe Carnival Appoints Diane Randolph to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Shoe Carnival, Inc. (NASDAQ: SCVL) has appointed Diane Randolph to its Board of Directors, expanding the Board to seven members, with five being independent. Randolph brings extensive experience from positions at Ulta Beauty and Reitmans, where she led significant technology transformations. Her recognition includes being named one of the Most Influential Women in Tech. Chairman Wayne Weaver expressed enthusiasm for her joining, highlighting her alignment with the company's strategic vision and customer-centric culture.
Positive
Diane Randolph's appointment adds fresh expertise to the Board.
Her background in technology transformation could enhance operational efficiency.
Negative
Concerns about continuity as the Board undergoes changes.
Potential experience gaps from new board members unfamiliar with the company's operations.
EVANSVILLE, Ind.--(BUSINESS WIRE)--
Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today announced the appointment of Diane Randolph to its Board of Directors, effective immediately. Following the appointment of Ms. Randolph, the Board will be composed of seven directors, and five are independent.
From 2014 to 2020, Ms. Randolph held the position of Chief Information Officer of U.S. beauty retailer, Ulta Beauty, Inc. With responsibility for the full breadth of the technology footprint, she led Ulta through technology transformations involving supply chain, digital customer and associate experience, cybersecurity, and cloud transition. Prior to Ulta, Diane served as the Chief Information Officer of Reitmans (Canada) Limited, a Canadian specialty apparel retailer, from 2008 to 2014.
Ms. Randolph served on the Board of Directors of Core-Mark Holding Company, Inc., a leader in fresh food distribution to convenience stores, from January 2020 until Core-Mark was recently acquired and also served on its Nominating and Corporate Governance Committee. Ms. Randolph has also served on the Executive Committee of the National Retail Foundation CIO Council and on the Advisory Council of Chicago CIO. Her industry recognition includes Chain Store Age Most Influential Women in Tech 2015 and 2018.
“Diane’s proven skill set complements our strategic vision and customer-centric culture. We are thrilled she has joined the leading retailer in family footwear. I would like to personally welcome Diane to the Shoe Carnival team,” said Wayne Weaver, Chairman of the Shoe Carnival Board of Directors.
About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of September 16, 2021, the Company operates 377 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases and annual report are available on the Company's website at www.shoecarnival.com.
