On March 16, 2023, Shoe Carnival, Inc. announced the appointment of Erik Gast as the Company's Executive Vice President and its principal financial officer, effective as of April 24, 2023, to succeed W. Kerry Jackson. As previously announced, Mr. Jackson is retiring after 35 years of service with the Company. Mr. Jackson will continue to serve as the Company's Senior Executive Vice President, Chief Financial and Administrative Officer and Treasurer and as the Company's principal financial officer until April 24, 2023 and will remain with the Company as its Chief Administrative Officer until May 9, 2023 to assist with the transition.

Mr. Gast, age 54, will bring to the Company over 30 years of finance experience with both private and public companies, including several retail and customer facing brands. Mr. Gast has served as the Executive Vice President & Chief Financial Officer of Fleet Farm Group, LLC since 2020. Prior to that, Mr. Gast served as the Senior Vice President, Finance & Chief Accounting Officer for Great Wolf Resorts, Inc. from 2018 until 2020; as the Vice President, Finance & Controller for Pilot Travel Centers LLC from 2015 until 2018; and in several finance roles for then-New York Stock Exchange-listed Family Dollar Stores, Inc. serving as its Vice President, Finance & Controller responsible for its reporting with the Securities and Exchange Commission from 2013 until 2015, and as its Vice President, Finance & Treasurer during 2015.

Mr. Gast also served in finance roles with retailers Ace Hardware Corporation from 2010 until 2012 and Limited Brands, Inc. from 2000 until 2010. Mr. Gast began his career in public accounting and is a Certified Public Accountant.