Brown Shoe Chairman welcomes Mario Baeza & 'Bud' Wright

18 Mar '08

3 min read

Brown Shoe Company Inc has elected Mario L. Baeza and Harold "Bud" Wright to its Board of Directors.

Mr. Baeza, 57, is the founder of The Baeza Group, a merchant banking firm focusing on investments in the U.S. Hispanic market, as well as in Latin America.

In 2006, The Baeza Group partnered with Thirteen/WNET to form V-Me Media Inc, a new national Spanish language television network distributed through the digital channels of public television affiliate stations in over 30 markets.

Mr. Wright, 66, has 38 years of retail experience, the first 28 as an operating principal of R.H. Macy's, the department store chain of Macy's Inc, and the last 10 in executive search, specializing in retailing.

Mr. Wright currently serves as a partner emeritus of Heidrick & Struggles, a top executive search firm and has successfully recruited top-level executives in the retail sector.

"These two individuals will be valuable additions to our board," said Brown Shoe Chairman and CEO Ron Fromm. "Mario brings us an unparalleled understanding of strategic consumer research, international finance and entrepreneurship and we welcome Bud's wealth of experience in the retail market."

Mr. Baeza and Mr. Wright's elections increase the number of Board members from 11 to 13. In May 2008, at the Brown Shoe annual shareholders' meeting, they are expected to stand for re-election.

Mr. Baeza has a long and distinguished career in law, investmentbanking and private equity investment. In 1995, he founded the first U.S. Hispanic-owned merchant banking firm focusing on the pan-Hispanic region.

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