Management ChangeAug 6, 2026, 06:57 AM
Genesco Chief Strategy and Digital Officer Parag Desai to Retire
AI Summary
Genesco Inc. announced that Parag D. Desai, Senior Vice President, Chief Strategy and Digital Officer, will transition from full-time employment on August 7, 2026, and retire on October 31, 2026. During the transition, he will receive $10,000 monthly and remain eligible for a $338,000 target bonus. Following retirement, Mr. Desai will provide consulting services at $2,400 per day until January 31, 2027.
Key Highlights
- Parag D. Desai, SVP, Chief Strategy and Digital Officer, will transition from full-time to part-time employment on August 7, 2026.
- Mr. Desai's retirement from Genesco Inc. is expected to be effective as of October 31, 2026.
- During the transition period, Mr. Desai will receive $10,000 per month for up to 32 hours of work.
- He remains eligible for the Fiscal 2027 Short-Term Incentive Plan with a target bonus of $338,000.
- Post-retirement, Mr. Desai will provide consulting services from November 1, 2026, to January 31, 2027, compensated at $2,400 per day.
Price Impact
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