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Radoff-Jumana Group calls for Genesco CEO to lose board chair role

July 6, 2026 8:00 AM

The Radoff-Jumana Group, which collectively owns approximately 9.1% of the outstanding shares of Genesco Inc. (NYSE: GCO), released a rebuttal presentation contesting several claims made in a July 1, 2026 presentation by the company's board.



The group — comprising Bradley L. Radoff, Jumana Capital Investments LLC and Christopher R. Martin — alleges that Genesco's July 1 presentation selectively used share price data to portray the company's performance more favorably, stating the stock is down more than 22% from the date highlighted in the presentation.



The group is calling for CEO Mimi Vaughn to be removed as chair of the board of directors. In a statement, the group said: "Given the Board's latest manipulation of the facts, we once again call for Ms. Vaughn to be stripped of the Chair role. It is clear to us that there is zero accountability in the boardroom so long as Ms. Vaughn is calling the shots."



The group also suggested that Andrew Gray, described as CEO of Genesco's Journeys segment, be promoted to company-wide CEO if Ms. Vaughn continues in her current role.



The group is urging Genesco to conduct a Dutch tender offer to repurchase one million shares, citing what it describes as excess cash following a $58.7 million tax refund and an anticipated $23 million to $25 million tariff refund, figures sourced from the company's Q1 2027 earnings release dated May 29, 2026 and its Form 10-K filed March 25, 2026.



The group is also nominating two candidates — Westervelt T. Ballard, Jr. and Paula J. Poskon — for seats on Genesco's board, opposing the board's nominees Joanna Barsh and Thurgood Marshall, Jr.

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