Pier 1 2012 Annual Report Download - page 12

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 59, joined the Company as President and Chief Executive Officer in
February 2007. 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, 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 55, was named Senior Executive Vice President of the Company in April
2012 and has served as Chief Financial Officer of the Company since August 1999. Mr. Turner has served the
Company for twenty years in key executive capacities within the organization including Executive Vice
President, 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 48, joined the organization in August 2009 as Executive Vice President of
Merchandising. 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 60, 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 49, joined the organization in August 2007 as Executive Vice President of
Stores. Prior to joining the Company, she spent eight years at Bath & Body Works, six years as Vice President of
Store Operations and two years in other leadership roles. 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.
MICHAEL R. BENKEL, age 43, was named Executive Vice President of Planning and Allocations in
April 2012. He joined the organization in September 2008 as Senior Vice President of Planning and Allocations.
Prior to joining the Company, he spent eleven years at Williams-Sonoma Inc. in continuously advancing
positions in the Pottery Barn Retail Stores division, including Vice President of Inventory Management, Director
– Inventory Management, and as a home furnishings and furniture buyer.
MICHAEL A. CARTER, age 53, was named Senior Vice President, General Counsel and Secretary of the
Company in December 2005. Mr. Carter has served within the organization for twenty-two years in various
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