Mr Gulmi joined the Company in 1971 and has served as Genesco's CFO since 1986. He is expected to continue as senior advisor to the company for at least the next year, and will be succeeded as CFO by Mimi E. Vaughn, the Company's current Senior Vice President – strategy and shared services.

Vaughn joined Genesco as Vice President – strategy and business development in 2003, was promoted to Senior Vice President – strategy and business development in 2006, and was named Senior Vice President – strategy and shared services in 2009. 

"Jim Gulmi's service for 28 years as Genesco's Chief Financial Officer is remarkable for more than its duration. Serving with six different Chief Executive Officers, Jim has been the constant thread running through successive chapters of a long and successful transformation of the Company into a market-leading specialty retailer. I am pleased that Jim has agreed to continue as senior advisor to the Company for at least the next year", stated Genesco's Chairman, President and Chief Executive Officer Robert J. Dennis.

Mr Dennis added: "We are fortunate to have Mimi Vaughn as a highly-qualified internal successor to Jim as Chief Financial Officer. Mimi's 11 years of experience at Genesco and her knowledge of our business and industry gained from her focus on strategy will serve her and the Company well in her new role. Her appointment implements a longstanding succession plan for the CFO role, which has given her and Jim time to plan a smooth transition".