Deals
Genesco Appoints Three New Directors, Rejecting Activist’s Slate
- New members are ‘seasoned’ retail executives, CEO says
- Footwear company says Legion’s candidates lack skills
The Genesco Inc. Journeys distribution center in Lebanon, Tennessee.
Photographer: Eilon Paz/BloombergThis article is for subscribers only.
Genesco Inc. appointed three new directors as the shoe company tries to fend off an activist investor seeking to take control of the board.
The owner of footwear retailers such as Journeys and Johnston & Murphy said it appointed former Deckers Brands Chief Executive Officer Angel Martinez, Valvoline Inc. executive Mary Meixelsperger and Greg Sandfort, the former CEO of Tractor Supply Co., to its board. Current directors Kathleen Mason and Marty Dickens will retire after the company’s annual general meeting, it said in a statement.