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Pier 1 Imports, Inc. Announces Management Changes

FORT WORTH, Texas--(BUSINESS WIRE)--Pier 1 Imports, Inc. (NYSE:PIR) today announced that Jeffrey N. Boyer, Executive Vice President and Chief Financial Officer, is leaving the Company effective October 3, 2017 to become Chief Financial Officer of Fossil Group, Inc. (Nasdaq GS: FOSL), where he has been a member of the Board of Directors since 2007. Pier 1 Imports is in the process of appointing an executive search firm to conduct a comprehensive search for a new CFO. Separately, the Company is very pleased to announce the appointment of IT Veteran Bhargav J. Shah, 41, as Senior Vice President and Chief Information Officer, effective immediately.

Alasdair James, President and Chief Executive Officer, stated, “On behalf of Pier 1 Imports’ Board of Directors and management team, we thank Jeff for his financial leadership and many contributions to Pier 1 Imports over the past two years and welcome Bhargav to the Company. Jeff manages a strong team that will continue driving our financial functions and supporting our strategy. We wish Jeff well and are pleased he will be here to ensure a smooth transition during this important time.”

Mr. Boyer stated, “I have been very fortunate to have spent the past two years working with a fantastic team in this highly collaborative culture. The Company is well positioned to drive long-term growth under Alasdair’s leadership. I wish them all the best in their journey as I make the transition from a long-term board member to a management role at Fossil Group.”

Bhargav Shah comes to Pier 1 Imports with nearly 20 years of broad-based technology, digital and supply chain experience. His roles and successes in his two most recent positions – CIO and Head of e-Commerce at IntegraCore, a global supply chain management company, and CIO and...