Pier 1 Imports Brings in New Chief Financial Officer to Embark on Strategic Plan
January 03 2018 - 4:15PM
Business Wire
Pier 1 Imports, Inc. (NYSE:PIR) today announced the appointment
of Nancy A. Walsh, 57, as Executive Vice President and Chief
Financial Officer, effective January 25, 2018. Ms. Walsh will be
responsible for financial operations and accounting, including
financial reporting, planning and analysis, treasury, tax and
investor relations. Darla D. Ramirez will step down as Interim
Chief Financial Officer when Ms. Walsh’s appointment becomes
effective, and will continue to serve as the Company’s Principal
Accounting Officer and Vice President – Controller of the Company’s
operating subsidiaries.
“Nancy comes to Pier 1 Imports with an extensive background in
finance and retail,” said Alasdair James, President and CEO. “She
has spent the better part of her 30-year career amidst iconic
brands, home furnishings and specialty retail. We are confident
Nancy has the financial skills and leadership needed to drive the
strategic plans we’re presently developing. We are excited to have
her join the Pier 1 Imports team.”
Ms. Walsh joins Pier 1 Imports from The Bon-Ton Stores, Inc.
(OTCQX:BONT), where she served as Executive Vice President and
Chief Financial Officer since 2015. Previously, Ms. Walsh spent 14
years in the finance organization at Tapestry, Inc. (NYSE:TPR),
formerly Coach, Inc. She began her tenure with Coach as Chief
Financial Officer of the Worldwide Wholesale Division and held
positions of increasing responsibility until being named Senior
Vice President, Finance, a role she held for six years. Earlier in
her career, Ms. Walsh held positions in Finance and Treasury with
Viacom, Inc. (NASDAQ:VIAB) and Timberland Company (NASDAQ:TSBK).
She has a B.A. from University of New Hampshire – Durham and an
M.B.A. from Northeastern University.
Commenting on the appointment, Ms. Walsh stated, “I am thrilled
to be joining Pier 1 Imports at this critical time for the Company.
I look forward to working with Alasdair and the team to embark on
this pivotal new chapter and execute against a new strategic plan.
It is exciting to have the opportunity to drive important change
and create shareholder value while redefining a brand with such
tremendous history.”
Financial Disclosure Advisory
Except for historical information contained herein, the
statements in this press release or otherwise made by our
management in connection with the subject matter of this press
release are forward-looking statements (as such term is defined in
the Private Securities Litigation Reform Act of 1995) and involve
risks and uncertainties and are subject to change based on various
important factors. This press release includes forward-looking
statements that are based on management’s current estimates or
expectations of future events or future results. These statements
are not historical in nature and can generally be identified by
such words as “believe,” “expect,” “estimate,” “anticipate,”
“plan,” “may,” “will,” “intend” and similar expressions.
Management’s expectations and assumptions regarding 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 included in this press release. These risks and
uncertainties include, but are not limited to: the effectiveness of
the Company’s marketing campaigns, merchandising and promotional
strategies and customer databases; consumer spending patterns;
inventory levels and values; the Company’s ability to implement
planned cost control measures and its three-year strategic plan;
expected benefits from the real estate optimization initiative,
including cost savings and increases in efficiency; risks related
to U.S. import policy; and changes in foreign currency values
relative to the U.S. Dollar. These and other factors that could
cause results to differ materially from those described in the
forward-looking statements contained in this press release can be
found in the Company’s Annual Report on Form 10-K and in other
filings with the SEC. Refer to the Company’s most recent SEC
filings for any updates concerning these and other risks and
uncertainties that may affect the Company’s operations and
performance. Undue reliance should not be placed on forward-looking
statements, which are only current as of the date they are made.
The Company assumes no obligation to update or revise its
forward-looking statements.
About Pier 1 Imports
Pier 1 Imports is dedicated to offering customers exclusive,
one-of-a-kind products that reflect high quality at a great value.
Starting with a single store in 1962, Pier 1 Imports’ product is
now available in retail stores throughout the U.S. and Canada and
online at pier1.com. For more information about Pier 1 Imports or
to find the nearest store, please visit pier1.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180103006164/en/
The Blueshirt GroupChristine Greany, 858-523-1732
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