Wednesday, November 6, 2019

Pier 1 gets new CEO — and more time from NYSE

Chain Store Age
Pier 1 Imports has tapped its finance head to do double duty.

The struggling home décor retailer named Robert Riesbeck as CEO and a director of the company. Riesbeck, who joined Pier 1 in July as CFO, will also continue to serve in that position. As CEO, he replaces Cheryl Bachelder, who has acted as interim chief since December 2018. She will remain a member of the board.

Pier 1 also announced that the New York Stock Exchange has accepted the company’s plan to regain compliance with NYSE continued listing standards. . . . more