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From Home Furnishing Business
Pier 1 CFO Resigns; Retailer Names New Information Officer
August 9,
2017 by Larry Thomas in Executive Changes, Industry 
Retailer Pier 1 Imports (NYSE: PIR) said Jeffrey N. Boyer, executive vice president and chief financial officer, is leaving the company effective Oct. 3 to become CFO of Fossil Group, Inc. (NASDAQ: FOSL), where he has been a member of the board of directors since 2007.
The retailer said it is in the process of appointing an executive search firm to conduct a comprehensive search for a new CFO.
“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,” said Alasdair James, president and CEO. “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.”
Separately, Pier 1 said IT veteran Bhargav J. Shah, 41, has been named senior vice president and chief information officer, effective immediately.
Shah comes to Pier 1 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 chief technology officer at online retailer Overstock.com -- are a strong fit with Pier 1 Imports’ growth strategy, James said.
Earlier in his career, Shah held information technology positions at KPMG, LLP, Pfizer Inc. and Ernst & Young, LLP.
“We are pleased to have someone with Bhargav’s expertise join Pier 1 Imports,” said James. “He brings a diverse skill set that includes IT strategy, cloud computing, artificial intelligence and machine learning, as well as an impressive track record of driving automation and growth. Importantly, we also expect to benefit from his retail systems experience.”