Pier 1 2009 Annual Report Download - page 13

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identified with words such as ‘‘anticipates,’’ ‘‘believes,’’ ‘‘expects,’’ ‘‘estimates,’’ ‘‘intends,’’ ‘‘plans,’’
‘‘projects’’ and other similar expressions. Management’s expectations and assumptions regarding
planned store openings and closings, financing of Company obligations from operations, success of its
marketing, merchandising and store operations strategies, and other future results are subject to risks,
uncertainties and other factors that could cause actual results to differ materially from the anticipated
results or other expectations expressed in the forward-looking statements. Risks and uncertainties that
may affect Company operations and performance include, among others, the effects of terrorist attacks
or other acts of war, conflicts or war involving the United States or its allies or trading partners, labor
strikes, weather conditions or natural disasters, volatility of fuel and utility costs, the on-going recession
and related financial crisis and the actions taken by the United States and other countries to stimulate
the economy or to prevent the worsening of the financial crisis, the general strength of the economy
and levels of consumer spending, consumer confidence, the availability of suitable sites for locating
stores and distribution centers, the availability of a qualified labor force and management, the
availability and proper functioning of technology and communications systems supporting the
Company’s key business processes, the ability of the Company to import merchandise from foreign
countries without significantly restrictive tariffs, duties or quotas, and the ability of the Company to
source, ship and deliver items of acceptable quality to its U.S. distribution centers at reasonable prices
and rates and in a timely fashion. The foregoing risks and uncertainties are in addition to others
discussed elsewhere in this report which may also affect Company operations and performance. The
Company assumes no obligation to update or otherwise revise its forward-looking statements even if
experience or future changes make it clear that any projected results expressed or implied will not be
realized.
Executive Officers of the Company
ALEXANDER W. SMITH, age 56, has been a director of Pier 1 Imports, has served as President
and Chief Executive Officer and has been a member of Pier 1 Imports’ 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.
CHARLES H. TURNER, age 52, has served as Executive Vice President of the Company since
April 2002 and has served as Chief Financial Officer of the Company since August 1999. He served as
Senior Vice President of Finance of the Company from August 1999 to April 2002. He served as Senior
Vice President of Stores of the Company from August 1994 to August 1999, and served as Controller
and Principal Accounting Officer of the Company from January 1992 to August 1994.
GREGORY S. HUMENESKY, age 57, has served as Executive Vice President of Human
Resources of the Company since February 2005. Prior to joining the Company, he served as Senior
Vice President of Human Resources at Zale Corporation from April 1996 to February 2005.
JAY R. JACOBS, age 54, served as Executive Vice President of Merchandising of the Company
from April 2002 to March 2009. He served as Senior Vice President of Merchandising of the Company
from May 1995 to April 2002. He served as Vice President of Divisional Merchandising of Pier 1
Imports (U.S.), Inc. from May 1993 to May 1995, and served as Director of Divisional Merchandising
of Pier 1 Imports (U.S.), Inc. from July 1991 to May 1993. On March 4, 2009 Mr. Jacobs announced
his retirement from the Company. As of that date he will no longer serve as Executive Vice President
of Merchandising for the Company. He will, however, continue his employment through March 1, 2010
to ensure continuity throughout the transition of his duties.
SHARON M. LEITE, age 46, has served as Executive Vice President of Stores of the Company
since September 2007. Prior to joining the Company, she served as Vice President of Store Operations
at Bath & Body Works from April 2001 to August 2007.
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