Pier 1 Imports adding two more women to board

Posted Saturday, Oct. 19, 2013  comments  Print Reprints

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Pier 1 Imports on Friday named two more women to its board of directors, bringing the total to five on the newly expanded, 11-member body.

The Fort Worth-based housewares and gift retailer also announced that John H. Burgoyne has asked to step down from the board in June, and that it will buy back $200 million of company shares in open or private transactions, the timing dependent on market factors.

The new female board members are Cynthia P. McCague and Ann M. Sardini.

McCague, who retired as Coca-Cola’s vice president in charge of human resources after 28 years with the company, also serves as a board member of the corporate parent of Monster.com, Pier 1 said.

In a 2012 interview with Women Donors Network’s website, McCague described herself as a product of the 1960s.

“I was shaped by the era I grew up in,” she was quoted as saying. “We were protesting the war in Vietnam and for reproductive rights. Like many campuses in the late sixties, the University of Florida was an activist campus and it laid the foundation for my life philosophies.”

At Coke, she began a Global Women’s Initiative to develop women for senior leadership positions. McCague also helped launch the “5 X 20” initiative, in which the soft drink maker committed to economically empower 5 million women in its worldwide business system by 2020, the charity group said. In recent years, she has become active in the Global Fund for Women, and indicated to Women Donors that she became more involved in global women’s issues after her 2010 retirement.

Sardini spent two decades in financial management, most recently as chief financial officer of Weight Watchers International from 2002 until her retirement in 2012. She is an adviser to Learnvest, a low-cost financial planning startup.

She earlier served as CFO of VitaminShoppe.com, and was executive vice president and CFO of the Children's Television Workshop. Other companies where she held finance positions include QVC, Chris Craft Industries and the National Broadcasting Co.

Also joining the board is Michael A. Peel, who also has a human resources background, having served as a vice president at General Mills and PepsiCo before taking a similar position at Yale University in 2008.

Barry Shlachter, 817-390-7718 Twitter: @bshlachter

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