Brown Shoe Company, Inc. Names Joe Caro Senior Vice President and Chief Information Officer

ST. LOUIS, Nov. 5, 2007 – Brown Shoe Company, Inc. (NYSE: BWS, www.brownshoe.com) appointed Joe Caro as Senior Vice President and Chief Information Officer, effective immediately. In this newly created role, he is responsible for aligning Brown Shoe’s technology strategy with the company’s growth plans, and managing a team of technology specialists worldwide. Caro will also play a key role in managing and enhancing technology for Brown Shoe.

“Our IT infrastructure is critical to serving our customers, operating efficiently and implementing our plans for growth,” said Brown Shoe Chief Talent Officer, Doug Koch. “Joe's talent and experience will add value to our existing framework and strengthen our platform as we build for the future.”

Caro has a broad range of technology experience and a successful track record in leveraging technology for business growth. He comes to Brown Shoe from CitiGroup, where he served as Senior Vice President and Chief Technology Officer for its CitiFinancial International division. In that role, he was responsible for developing and managing technology for the international consumer lending business. Prior to that, he held positions with MasterCard (Vice President – Internet Technology Solutions), Edward Jones (Director – Banking and Online Brokerage Technology) and Accenture.

Caro earned a Bachelor of Business Administration degree from Marshall University and an MBA from Indiana University. He also serves on the College of Directors for Visitation Academy in St. Louis.
About Brown Shoe
Brown Shoe is a $2.5 billion footwear company with global operations. Brown Shoe’s Retail division operates Famous Footwear, the 1,000-store chain that sells brand name shoes for the family; approximately 300 specialty retail stores in the U.S. and Canada under the Naturalizer, FX LaSalle, and Franco Sarto names; and Shoes.com, the Company's e-commerce subsidiary. Brown Shoe, through its Wholesale divisions, owns and markets leading footwear brands, including Naturalizer, LifeStride, Via Spiga, Nickels Soft, Connie and Buster Brown; it also markets licensed brands including Franco Sarto, Dr. Scholl's, Etienne Aigner, and Carlos by Carlos Santana and Barbie, Disney and Nickelodeon character footwear for children. Brown Shoe press releases are available on the Company's website at http://www.brownshoe.com.