Exhibit 99.1
Five Below Adds New Board Member
Mimi E. Vaughn joins Five Below Board of Directors
PHILADELPHIA, September 19, 2023 -- 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 Belows 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.
Five Below is one of the fastest growing specialty retailers in the world,
delivering a very unique, extreme value and fun shopping experience to tweens, teens and beyond, said Ms. Vaughn. I look forward to leveraging my diverse background leading a teen focused brand and supporting Joel and the talented
management team at Five Below as they continue their amazing growth.
About Five Below:
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We believe life is better
when customers are free to let go & have fun in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5, and some extreme value items priced beyond $5 in our incredible Five Beyond
offering, Five Below makes it easy to say YES! to the newest, coolest stuff across eight awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and New & Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania,
Five Below today has over 1,400 stores in 43 states. For more information, please visit www.fivebelow.com or find Five Below on Instagram, TikTok, X and Facebook @FiveBelow.