Pier 1 2010 Annual Report Download - page 12

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 the actions taken by
the United States and other countries to stimulate the economy or to prevent the worsening of the recession, the
general strength of the economy and levels of consumer spending, consumer confidence, suitable store sites and
distribution center locations, 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 57, joined the Company as president and chief executive officer in
February 2007. Prior to joining the Company, Mr. Smith was serving as group president of the TJX Companies,
Inc. where he oversaw the operations and development of Home Goods, Marshalls, TJ Maxx, and a number of
corporate functions. He was instrumental in the development of the TK Maxx stores in Great Britain and also ran
their international operations.
CHARLES H. TURNER, age 53, was named Executive Vice President of the Company in April 2002 and
has served as Chief Financial Officer of the Company since August 1999. Mr. Turner has served the Company
for eighteen years in key executive capacities within the organization including Senior Vice President of Stores
and Controller. Mr. Turner first became an officer of the Company in 1992 when he was named Principal
Accounting Officer. Prior to joining the Company, he was Group Controller for JC Penney and a Senior Manager
for KPMG Peat Marwick.
CATHERINE DAVID, age 46, joined the organization in August 2009 as Executive Vice President of
Merchandising and was named an officer of the Company in October 2009. Prior to her current role, Ms. David
served as President and Chief Operating Officer of Kirkland’s Inc. and Vice President and General Manager with
Sears Essential, Sears Grand and The Great Indoors. Ms. David also previously served the Target Corporation for
thirteen years in various positions including Vice President and General Manager of target, direct and various
positions in the buying, planning and stores divisions.
GREGORY S. HUMENESKY, age 58, was named Executive Vice President of Human Resources of the
Company in February 2005. Prior to his current position, he served in various human resource positions for other
retailers including ten years as Senior Vice President of Human Resources at Zale Corporation and twenty-one
years in various positions of increasing importance at Macys.
SHARON M. LEITE, age 47, joined the organization in August 2007 as Executive Vice President of
Stores and was named an officer of the Company in September 2007. Prior to joining the Company, she spent
eight years at Bath & Body Works, six years as Vice President of Store Operations and two years as a director.
Before joining Bath & Body Works, Ms. Leite held various operations positions with several prominent retailers,
including Gap, Inc., The Walt Disney Company, and Limited, Inc.
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