11:58 AM EDT, 07/01/2024 (MT Newswires) -- Genesco ( GCO ) said Monday that Brently Baxter will resign as chief accounting officer, effective July 31, in connection with a restructuring.

The company is restructuring its finance function to promote efficiency and lower costs, according to a filing with the US Securities and Exchange Commission.

Genesco ( GCO ) said it has appointed Chief Financial Officer Thomas George to the additional role of principal accounting officer as part of the restructuring.

The company's shares were down about 4.4% in recent trading.

Price: 24.72, Change: -1.14, Percent Change: -4.41