Pier 1 Imports, Inc. announced the appointment of Robert Riesbeck as Chief Executive Officer and as a director of the company, effective as of the close of business on 4 November 2019. Mr. Riesbeck will also continue to serve as Chief Financial Officer. As planned, Cheryl Bachelder, who has served as Interim Chief Executive Officer since December 2018, has stepped down from that role, also effective as of the close of business 4 November 2019, and will continue in her position as a member of Pier 1's Board of Directors.

Riesbeck has more than 25 years of leadership experience in retail and consumer goods with expertise in both growth and turnaround situations and has served in Chief Executive Officer, Chief Operating Officer and Chief Financial Officer roles. He has served as Pier 1's Chief Financial Officer since July 2019, and previously was Chief Financial Officer of FULLBEAUTY Brands as well as an operating executive at private equity firm Sun Capital Partners. Pier 1 also announced the appointment of Donna Colaco as President of Pier 1. Colaco has served as Executive Vice President and Chief Customer Officer since December 2018.

Ms. Colaco will continue to be responsible for merchandising, planning and allocation, marketing, e-Commerce and promotion. Colaco has served as Executive Vice President and Chief Customer Officer of Pier 1 since December 2018. Prior to joining the Company, Ms. Colaco most recently served as Brand President of White House Black Market, a Chico's FAS, Inc. brand, from August 2007 to January 2018.

Ms. Colaco also served as a member of the Chico's FAS Executive Committee. Prior to that, Ms. Colaco spent 11 years with AnnTaylor Stores Corporation, where she held positions of increasing responsibility within the merchandising organization, successfully launched the LOFT outlet division, and served as head of e-Commerce for the Ann Taylor brand. From 2006 to 2007, Ms. Colaco was President of Ann Taylor Loft, a $1 billion apparel and accessories business.

In addition, Douglas Diemoz, who had served as president, has departed from the company.