Pier 1 Imports promotes new CFO

Pier 1 Imports announced that Senior Executive VP and CFO Cary Turner has retired, and Laura Coffey has been named executive VP and interim CFO, effective immediately.

Coffey is a 17-year veteran with the company, previously serving as senior VP of planning. A Certified Public Accountant, she joined the retailer in 1997, holding several positions including VP assistant controller, principal accounting officer, senior VP of finance, and senior VP of business development and strategic planning. She led the launch of the company's e-commerce site and its omnichannel strategy. Before joining Pier 1, she held positions at Alcon Laboratories and KPMG.

"We are delighted and fortunate to have Laura serve as Interim CFO," said Alex Smith, president and CEO, in a statement. "She is a strong and experienced executive who brings both financial and operational expertise to this role. Having been with Pier 1 Imports for over 17 years, Laura has a keen understanding of our business, culture and long-term vision."

"Cary has been an integral part of the Pier 1 Imports family for more than 23 years," he added. "We greatly appreciate his dedication, hard work and enduring spirit as he served in key executive capacities. Cary played an important role in navigating the company through numerous challenges and helping to lead us through a significant financial turnaround during his tenure. On behalf of the board of directors, we thank him for his extensive contributions and wish him all the best in his retirement." Press release