Genesco CSO Parag Desai to retire Oct 31, 2026; transition to part-time Aug 7

GENESCO INC

Parag Desai transitions to part-time SVP, Chief Strategy and Digital Officer on Aug 7, 2026; retires Oct 31, 2026.
During transition, Desai receives $10,000/month for up to 32 hours; eligible for FY2027 STIP target bonus of $338,000.
Outstanding PSU awards (granted Apr 2024 and Jul 2025) receive retirement treatment; part-time status not a termination.
Post-retirement consulting from Nov 1, 2026 through Jan 31, 2027 at $2,400/day for up to 8 hours/day.
Responsibilities will transition to other senior leadership team members; Desai joined Genesco in 2014.

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