Five Below Adds New Board Member Mimi E. Vaughn joins Five Below Board of Directors

PHILADELPHIA, PA, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Five Below, Inc. (Nasdaq: FIVE), the trend-right, extreme-value brand for tweens, teens and beyond, announced that Mimi E. Vaughn has been appointed an independent member of its Board of Directors, effective today.

"Mimi is an accomplished retail executive and we are thrilled to welcome her to our Board of Directors," said Tom Vellios, Non-Executive Chair of the Board of Five Below. "Her extensive experience as a leader in specialty retail further strengthens our Board and will be an asset to Five Below as we continue our rapid growth.”

Joel Anderson, Five Below’s CEO and President said, “Mimi is a dynamic leader who has firsthand experience leading a multi-brand specialty retailer with a significant focus on the teen customer. Having held a variety of leadership roles across strategy, finance and operations, Mimi has played an enormous part in the growth and success of Genesco and its brands over her 20 year tenure. We look forward to benefiting from her experience and insights as she joins our Board.”

Ms. Vaughn brings more than 20 years of leadership experience in specialty retail. She is currently President, Chief Executive Officer and Chair of the Board of Genesco Inc. (NYSE: GCO), the parent company of teen retail leader Journeys. Ms. Vaughn joined Genesco in September 2003 as vice president of strategy and business development. She was named senior vice president, strategy and business development in October 2006, senior vice president of strategy and shared services, including information technology and human resources, in April 2009 and senior vice president – finance and chief financial officer in February 2015. In May 2019, Ms. Vaughn was named senior vice president and chief operating officer and continued to serve as senior vice president-finance and chief financial officer until her successor was appointed in June 2019. In October 2019, Ms. Vaughn was appointed to become president and chief executive officer of the Company on February 2, 2020 and was appointed as a director effective October 30, 2019. Prior to joining the Company, Ms. Vaughn was executive vice president of business development and marketing, and acting chief financial officer from 2000 to 2001, for Link2Gov Corporation in Nashville. From 1993 to 1999, she was a consultant at McKinsey & Company in Atlanta.