Shoe Carnival Inc. announced on Wednesday that President, CEO and Director Mark Lemond is leaving the company effective Oct. 27.
Lemond, 57, who has led the firm for 16 years, is stepping down due to unspecified health reasons. Clifton Sifford, who now serves as EVP and GMM, will succeed Lemond.
“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 in a statement. “It has been my great pleasure to have been associated with this company for nearly 25 years and to have been its CEO for 16 years. In my opinion, we have assembled the best executive management team in the retail footwear industry.”
For his part, company Chairman Wayne Weaver applauded Lemond’s leadership and tenure with the firm.
“The board of directors is grateful to Mark for his many years of leadership,” Weaver said in a statement. “Mark’s contributions have helped make Shoe Carnival the successful and innovative retailer that it is today. The board and management team join me in wishing him a return to full health and good luck with any future pursuits.”
In addition to Sifford’s appointment, Shoe Carnival also announced several management changes in the wake of Lemond’s departure. Kerry Jackson, currently EVP, CFO and treasurer, will add COO to his title, while Timothy Baker, currently EVP of store operations, will oversee all real estate activity for the retailer.