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DSW Inc. Announces New Chief Financial Officer

COLUMBUS, Ohio, April 17, 2014 /PRNewswire/ -- DSW Inc. (NYSE: DSW), a leading branded footwear and accessories retailer, announced the appointment of Mary Meixelsperger as Chief Financial Officer effective May 1. Ms. Meixelsperger replaces Douglas Probst, who is retiring from DSW Inc. on the same day.

"We are pleased that Mary is joining the DSW team," said Michael MacDonald, DSW Inc. President and Chief Executive Officer. "Mary is a seasoned executive with a breadth of experiences in merger integration, strategic systems planning and implementation, financial analysis and tax planning. With her leadership, we will position DSW for continued growth and progress towards our strategic goals."

Ms. Meixelsperger joins DSW Inc. from Shopko Stores, a regional discount store chain, where she held the roles of Chief Financial Officer, Controller and Treasurer for the last nine years. Prior to Shopko, Ms. Meixelsperger was the Chief Financial Officer for two non-profit organizations between 1993-2004 and was the Chief Financial Officer for Worldmark Group, a private equity firm between 1986-1991. Ms. Meixelsperger started her career in public accounting at Arthur Young and Co. and she holds a Bachelor of Business Administration degree with distinction from the University of Wisconsin-Madison.

Ms. Meixelsperger will start at DSW Inc. on April 21, 2014 and will report directly to Mr. MacDonald.

About DSW Inc.

DSW Inc. is a leading branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of April 17, 2014, DSW Inc. operates 408 DSW stores in 42 states, the District of Columbia and Puerto Rico, and operates an e-commerce site, http://www.dsw.com, and a mobile website, http://m.dsw.com. DSW Inc. also supplies footwear to 357 leased locations in the United States under the Affiliated Business Group. For store locations and additional information about DSW, visit http://www.dswinc.com.

The information contained or incorporated by reference in this press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which are intended to be covered by the safe harbors created thereby. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management. These forward-looking statements involve numerous risks and uncertainties, including without limitation the various risks inherent in the Company's business as set forth in periodic reports filed with the Securities and Exchange Commission. One or more of these factors could affect the Company's businesses and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurance that the forward-looking statements contained or incorporated by reference in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included or incorporated by reference herein, the inclusion of such information should not be regarded as a representation that the objectives and plans of the Company will be achieved. All forward-looking statements contained or incorporated by reference in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.

SOURCE DSW Inc.

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