Pier 1 2011 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2011 Pier 1 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

United Kingdom, and Overseas Containers, Ltd. Mr. Dodds is a fellow member of the Institute of Chartered
Management Accountants.
MICHAEL R. FERRARI
Dr. Ferrari, age 71, is being nominated for his twelfth consecutive term on the board of directors. During fiscal
2011, Dr. Ferrari served as the non-executive chairman of the board, 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.
BRENDAN L. HOFFMAN
Mr. Hoffman, age 42, is being nominated for his first full term on the board of directors. Mr. Hoffman was
elected to Pier 1 Imports’ board of directors on January 18, 2011. During fiscal 2011, Mr. Hoffman did not serve on
a committee. Mr. Hoffman serves as president and chief executive officer of Lord & Taylor, a division of Hudson’s
Bay Trading Company, and brings to the board a broad retail background including experience in direct marketing,
fulfillment and e-commerce operations. Prior to joining Lord & Taylor in October 2008, Mr. Hoffman served six
years as president and chief executive officer of Neiman Marcus Direct, where he oversaw the growth of
neimanmarcus.com and the launch and growth of bergdorfgoodman.com. Mr. Hoffman held previous positions as
vice president of Last Call Clearance Division at Neiman Marcus Stores; divisional merchandise manager of
Bergdorf Goodman, Inc., a subsidiary of the Neiman Marcus Group; and divisional merchandise manager of Lord &
Taylor, where he began his retail career in the executive training program. Mr. Hoffman serves on the board of
trustees of the American Red Cross in Greater New York, the board of directors of the Phoenix House and the
advisory board of the Jay H. Baker Retailing Initiative at The Wharton School.
TERRY E. LONDON
Mr. London, age 61, is being nominated for his ninth consecutive term on the board of directors. During fiscal
2011, 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 of 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 58, has served on the board of directors since joining the Company as president and chief
executive officer in February 2007. During fiscal 2011, Mr. Smith served as a member of the executive committee.
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. Mr. Smith also has
21