Pier 1 2007 Annual Report Download - page 103

of the audit committee. He has served as senior consultant of the higher education practice of EFL Associates,
an executive search firm, since May 2003. He is also the president of Ferrari and Associates LLC, a higher
education consulting firm he established in May 2003. Dr. Ferrari was granted the title of Chancellor Emeritus
of Texas Christian University by the university’s board of trustees on June 1, 2003, and served as chancellor of
Texas Christian University and as professor of management in the M. J. Neeley School of Business at Texas
Christian University from July 1998 through May 2003. From 1985 to 1998, he served as president of Drake
University.
ROBERT B. HOLLAND, III
Robert B. Holland, III, age 54, represented the United States on the board of executive directors of the
World Bank in various capacities, including executive director and alternate and acting executive director, from
2002 to 2006. During that time, Mr. Holland served on the World Bank’s audit committee. Since leaving his
position as U.S. executive director, Mr. Holland serves on corporate boards including Max Petroleum plc,
where he serves as audit committee chairman, and Affiliated Computer Systems, Inc., where he serves as a
member of the audit committee. Prior to his appointment as U.S. executive director, Mr. Holland was
managing director of Texas Ltd., a strategic consulting firm.
KAREN W. KATZ
Karen W. Katz, age 50, has been a director of Pier 1 since June 2001. From the beginning of fiscal 2007
through January 31, 2007, she was a member of the compensation committee and the nominating and
corporate governance committee. Effective February 1, 2007, Ms. Katz became a member of the audit
committee. She has served as president and chief executive officer of Neiman Marcus Stores since December
2002. From May 2000 to December 2002, she served as president and chief executive officer of Neiman
Marcus Direct, a division of the Neiman Marcus Group. Prior to that time, she served as executive vice
president of stores for Neiman Marcus Stores from February 1998 to May 2000 and senior vice president and
director of stores of Neiman Marcus Stores from October 1996 to February 1998.
TERRY E. LONDON
Terry E. London, age 57, has been a director of Pier 1 since September 2003. From the beginning of
fiscal 2007 through January 31, 2007, he was a member of the audit committee. Effective February 1, 2007,
Mr. London became chairman of the audit committee. He established London Partners LLC, a private equity
investment firm, in August 2000 after serving as president and chief executive officer of Gaylord Entertain-
ment Company, a specialty lodging and entertainment company, from May 1997 to August 2000. Prior to that
time, he served as chief financial and administrative officer of Gaylord Entertainment from November 1991 to
April 1997. He also serves as a director of Johnson Outdoors, Inc.
ALEXANDER W. SMITH
Alexander W. Smith, age 54, has been a director of Pier 1, has served as its president and chief executive
officer and has been a member of Pier 1’s executive committee since February 19, 2007. From March 2004 to
February 18, 2007, Mr. Smith served as the senior executive vice president, group president of The TJX
Companies, Inc. From 2001 to March 2004, Mr. Smith served as executive vice president, group executive,
international of The TJX Companies, Inc.
CECE SMITH
Cece Smith, age 62, currently serves as Managing General Partner of Phillips-Smith-Machens Venture
Partners, a venture capital firm that invests in retail and consumer businesses that she co-founded in 1986. She
serves on the executive boards of the Dallas Symphony Association and the Edwin L. Cox School of Business
at Southern Methodist University. She also serves as a director for Brinker International.
TOM M. THOMAS
Tom M. Thomas, age 65, has been a director of Pier 1 since September 1998. From the beginning of
fiscal 2007 through January 31, 2007, he was chairman of the executive committee, chairman of the
compensation committee and a member of the nominating and corporate governance committee. Effective
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