CEO

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.