Pier 1 on hunt for new finance chief

Pier 1 Imports' loss is Fossil Group's gain.



Pier 1 Imports announced that Jeffrey N. Boyer, executive VP and CFO, is leaving the company effective October 3, 2017 to become CFO of Fossil Group, where he has been a member of the board of directors since 2007. Pier 1 is appointing an executive search firm to conduct a search for a new CFO.



Separately, Pier 1 announced the appointment of IT veteran Bhargav J. Shah as senior VP and CIO, effective immediately. Shah comes to Pier 1 Imports with nearly 20 years of broad-based technology, digital and supply chain experience. He most recently served as CIO and head of e-Commerce at IntegraCore, a global supply chain management company. Prior to that, he was CIO and CTO at online retailer Overstock.com.



"We are pleased to have someone with Bhargav’s expertise join Pier 1 Imports," said Alasdair James, president and CEO. "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.”