Marvin J. Girouard - Chairman and Chief Executive Officer of Pier 1 Imports retire from both positions at the end of February – what is the net effect?
Andrew Scott
Sep. 30, 2006

Pier 1 Imports will remember its Chairman and Chief Executive Officer Marvin J. Girouard for his achievements. He was elected to the position of Chairman in February 1999 and Chief Executive Officer in June 1998. Mr. Girouard previously served as Chief Operating Officer from 1988 to 1998 and as President from 1988 until February 1999. Mr. Girouard joined Pier 1 Imports in 1975 and has served on its Board of Directors since 1988. He is an honorary member of the Board of Directors for the United States Committee for UNICEF – The United Nations Children's Emergency Fund.

Pier 1 will lose a trusted leader but his legacy will stay that focuses on international realms. Analysts are skeptical on the future of Pier 1 imports, as the retail industry is getting tougher. Without the appropriate leadership the company will have difficult time. But there are lots of talented individuals who can take over and provide right direction.

Girouard went to work for Pier 1 in 1975 and visited Communist China soon after President Nixon helped open the country to international trade.

"I was one of the first American businessmen to travel into China where I bought merchandise for our company," Girouard said. "It was an incredible experience and has continued to grow. We now buy things from all over the world. I wanted to be in marketing and Pier 1 was a Texas-based company. That was important to me because I wanted to live in Texas and nowhere else."

Marvin J. Girouard - Chairman and Chief Executive Officer of Pier 1 Imports retire from both positions at the end of February – what is the net effect?
Andrew Scott
Girouard went to work for Pier 1 in 1975 and visited Communist China soon after President Nixon helped open the country to international trade.
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