Pier 1 2010 Annual Report Download - page 111

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MICHAEL R. FERRARI
Dr. Ferrari, age 70, is being nominated for his eleventh consecutive term on the board of directors. During
fiscal 2010, Dr. Ferrari became the non-executive chairman of the board and served as chairman of the executive
committee and nominating and corporate governance committee and as a member of the audit committee. An
accomplished author and respected scholar, Dr. Ferrari holds a masters degree in sociology and a doctorate degree
in business administration from Michigan State University. Having served on numerous community and corporate
boards and in leadership and executive capacities in both the college and corporate arenas, Dr. Ferrari brings
extensive budget management, strategic planning and integrated marketing experience to the board. As President of
Ferrari & Associates LLC, his current consulting practice focuses on many critical business and organizational areas
including executive search, executive coaching, board governance and dispute resolution. Dr. Ferrari has been
named Chancellor Emeritus of Texas Christian University, where he previously served as Chancellor of the
university and professor of management in the M.J. Neeley School of Business. Additionally, Dr. Ferrari previously
served as President and professor of management at Drake University.
TERRY E. LONDON
Mr. London, age 60, is being nominated for his eighth consecutive term on the board of directors. During fiscal
2010, Mr. London served as the chairman of the audit committee and as a member of the nominating and corporate
governance committee. A certified public accountant and president of the London Broadcasting Company, Inc.,
Mr. London provides the board with significant finance, accounting, media, and public company board knowledge
and experience. He also possesses strong leadership skills obtained while serving as an officer in the U.S. Army
Reserves. Earlier in his career, Mr. London served as president and chief executive officer, as well as chief financial
and administrative officer of Gaylord Entertainment Company. Mr. London currently serves as a director of Johnson
Outdoors, Inc. and TriArtisan Acquisition Corp. and previously served as a director for Bass Pro Shops, Inc. In his
role as director on other boards, Mr. London has served as the chairman of the audit committee and member of the
compensation committee.
ALEXANDER W. SMITH
Mr. Smith, age 57, has served on the board of directors since joining the Company as president and chief
executive officer in February 2007. During fiscal 2010, Mr. Smith served as a member of the executive committee
as well as a member of a special committee to address various corporate finance matters including the restructuring
of Pier 1 Imports’ convertible debt and leases. Mr. Smith has over 30 years of retail and international branding
experience. Prior to joining the Company, Mr. Smith served as Group President of the TJX Companies, Inc. where
he oversaw the operations and development of Home Goods, Marshalls, and TJ Maxx plus a number of corporate
functions. He was instrumental in the development of the TK Maxx stores in Great Britain and ran its international
operations. Currently, Mr. Smith also serves as a director of Papa John’s International, Inc., where he serves as
chairman of the compensation committee and as a member of the audit committee.
CECE SMITH
Ms. Smith, age 65, is being nominated for her fourth consecutive term on the board of directors. During fiscal
2010, Ms. Smith served as a member of the nominating and corporate governance and audit committees, as well as a
member of a special committee to address various corporate finance matters including the restructuring of Pier 1
Imports’ convertible debt and leases. A certified public accountant, Ms. Smith brings a wealth of retail, finance, and
corporate governance knowledge and experience to the board. Prior to her retirement in September of 2007,
Ms. Smith co-founded Phillips-Smith-Machens Venture Partners, a venture capital firm which invested in retail and
consumer businesses. Prior to that, Ms. Smith served as the executive vice president of finance and administration
for Pearl Health Services, the world’s largest retail optical chain. Ms. Smith currently serves as a director of Brinker
International, Inc. Previously, Ms. Smith has served as a director for numerous public retailers, including Michaels
Stores, Inc., Cheap Tickets, Inc., Hot Topic, Inc., and BizMart, Inc. and as a director and chairman of the Federal
Reserve Bank of Dallas. In her role as director on other boards, Ms. Smith has served on audit, compensation and
nominating and governance committees and has chaired audit and compensation committees.
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