Shoe Carnival’s board has unanimously elected Mark Worden as the next CEO, effective Sept. 30. Worden is the chief customer officer of the American footwear retailer and will succeed Cliff Sifford, who will step down as CEO but will continue as vice chairman of the board. Sifford joined the company in 1997 and has served as CEO since 2012.
Under Sifford’s leadership, the company grew revenues to over $1 billion and achieved eleven consecutive years of comparable store sales growth leading into fiscal 2020.
Wayne Weaver, who has been chairman of Shoe Carnival since 1988, said that Worden and Sifford 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.”
Worden joined Shoe Carnival in 2018 as its executive vice president - chief strategy and marketing officer and has served as president and chief customer officer since 2019. He currently oversees the company’s stores, e-commerce, marketing, strategy, CRM, real estate, and human resource organizations. Prior to joining Shoe Carnival, Worden held several leadership positions at S.C. Johnson & Son and Kimberly–Clark.
Shoe Carnival also announced a 56 percent increase of its quarterly dividend from $0.09 to $0.14 per share. It will be paid on April 19 to shareholders of record as of the close of business on April 5.