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Genesco-owned Retailer Schuh Names New CFO Amid Turnaround Efforts

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Genesco-owned Retailer Schuh Names New CFO Amid Turnaround Efforts

This comes as longtime chief financial officer David Gillan-Reid departs the U.K.-based retailer.

Genesco is continuing to make management changes at Schuh amid turnaround efforts of the U.K.-based retail chain.

On Monday, the company revealed that longtime chief financial officer David Gillan-Reid, who held the role for the last 28 years, is leaving his post. In his place, Schuh has hired Nick Scott to fill the top finance role, effective Nov. 2. Scott will report to Tomas Petersson, who was named president of Schuh in July.

“I’d like to thank David for his incredible contribution as CFO of schuh over the last 28 years,” Petersson said in a statement. “He leaves behind a business with strong foundations for its next chapter.”

As for Scott, the company noted that he will join the leadership team to strengthen financial operations, support sustainable growth and help advance Schuh’s ambition to be the “unrivaled” fashion footwear destination for youth audiences.

Scott joins Schuh from Footasylum, where he served as chief financial officer. Under his financial leadership, the sportswear and streetwear retailer achieved consecutive record revenue and profit, completed a significant refinancing to fund its growth, and accelerated store expansion and its digital-first investment program, including a landmark international franchise partnership.

Prior to Footasylum, Scott was chief operating financial officer at Baird Group, owner of Suit Direct and U.K. licensee for Ben Sherman and Ted Baker formalwear.

Scott said in a statement that he is “delighted to join Schuh and the wider Genesco family.



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