Genesco Names Two New Independent Directors to Board

By Dustin Shrader, Managing Editor

November 22, 2022

Genesco Inc., Nashville, Tennessee, announced the appointments of two new independent directors Matthew M. Bilunas, Chief Financial Officer of Best Buy Co., Inc., and Carolyn Bojanowski, Executive Vice President Merchandising, Sephora USA, to Genesco’s Board of Directors, effective Jan. 29, 2023.

Matt Bilunas, photo courtesy of Genesco.

With a career spanning 27 years in the retail industry, Bilunas brings along a wealth of finance, capital allocation, financial planning and analysis, technical accounting, operations, supply chain, e-commerce, and strategy experience. During his tenure at Best Buy, he held a variety of global finance leadership roles.

“I am very pleased to join the Genesco Board at this exciting time for the company,” Bilunas says. “Genesco’s outstanding portfolio of retail and consumer brands and footwear focused strategy present compelling growth prospects to drive strong financial performance going forward.”

Bojanowski has more than 20 years of retail expertise with a renowned record of driving e-commerce, dotcom merchandising, brand marketing, digital marketing, brand and product development, loyalty, and revenue optimization performance. She played an instrumental role in the introduction of Sephora’s best-in-class Beauty Insider loyalty program.

Carolyn Bojanowski, photo courtesy of Genesco.

“It is an exciting time for Genesco,” says Bojanowski. “Its well-positioned portfolio of brands, paired with its intense focus on technology, marketing, e-commerce, and compelling omni-channel growth prospects, position the company well for future success.”

Genesco also announced that current directors Matthew C. Diamond and Kevin P. McDermott will retire from Genesco’s Board and will not stand for reelection at Genesco’s 2023 Annual Meeting of Shareholders. To facilitate an orderly transition, Genesco has expanded the size of its board from nine to 11 directors until its 2023 annual meeting, at which time the board will then revert to nine directors.

“We welcome Matt and Carolyn to the Genesco Board,” says Greg Sandfort, Genesco’s Lead Independent Director. Having driven significant value creation at their respective companies, their experience and insights will serve Genesco well and support the company’s continued growth and strategic direction. We are committed to our ongoing board refreshment, including maintaining a highly engaged, independent board, while ensuring we have the right mix of skills and expertise. On behalf of the Board, I’d like to thank Matt and Kevin for their exemplary service, dedication and commitment to Genesco and all of our stakeholders.”

“I am delighted to welcome seasoned retail executives Matt Bilunas and Carolyn Bojanowski to our Board,” adds Mimi Vaughn, Board Chair, president, and CEO of Genesco. “We are in a transformative time in the retail industry, and we look forward to their leadership and many contributions. Matt and Carolyn will bring tremendous knowledge and perspectives into the boardroom as we continue our acceleration as a footwear focused company. I’d also like to extend my sincere thanks and appreciation to Matt and Kevin, who have given so much to ensure Genesco’s success and whose outstanding leadership has steered the company through extraordinary times. We will greatly miss their expertise, collaboration and wise counsel.”