CEO

Retail
Pier 1 Appoints New CEO

After conducting an executive search, Pier 1 Imports’ board of directors has appointed former Kmart executive Alasdair James president and CEO effective May 1.

Tabletop
Vandor Appoints DeVoll President/CEO

Vandor, LLC, a company specializing in the design and marketing of licensed consumer products for home and on the go, has appointed Sarah DeVoll president and CEO.

Tabletop
Kauniskangas Out At Fiskars

Kari Kauniskangas, president and CEO of Fiskars Corporation, announced that he will resign from his position. The board of directors has appointed Teemu Kangas-Kärki interim president and CEO and president, SBU Functional. Kangas-Kärki is the deputy to the CEO and Fiskars’ COO.

Financials
Pier 1 Rebounds In Q3, Appoints Interim CEO

As the economy enjoyed a post-election bounce, Pier 1 Imports reported earnings and comparable sales gains, and the company announced who would serve as interim president and CEO when its serving chief executive departs on December 31.

Retail
Keyes Named Meijer CEO

Meijer has named Rick Keyes CEO. Keyes will add the CEO title after being named president last year. Before being appointed president, he had been Meijer’s evp/supply chain and manufacturing since 2006.

Tabletop
Helmkamp Succeeds Cameron As Lenox CEO

Lenox Corporation, a portfolio company of Clarion Capital Partners, has appointed Katrina Helmkamp as the company’s new CEO. Peter Cameron will be transitioning from the position of CEO to co-chairman of the board of directors.

Retail
Pier 1 Responds To Alden Demands

Pier 1 Imports has issued a statement in response to a public letter received by its board of directors from Alden Global Capital regarding that investment group’s call for changes to the retailer’s board of directors.

Financials
Amid Turmoil, Pier 1 Posts Q2 Loss

With a CEO search underway and a hedge fund recently taking a stake in the company, departing Pier 1 Imports chief executive officer Alex Smith had to report a second quarter constrained by soft store traffic.

Retail
Alden Global Capital Takes Stake In Pier 1 Imports

In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.

Featured News
Pier 1 Imports CEO To Step Down

As it released preliminary second quarter financial results, which included an anticipated loss, Pier 1 Imports has reached an agreement with president and CEO Alex Smith that will result in his leaving the company effective December 31.

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