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FORT WORTH, Texas (AP) - The chairman and chief executive of Pier 1 Imports Inc., Marvin Girouard, will retire from the struggling home-furnishing retailer and its board early next year, the company announced Saturday.
Girouard has been at Pier 1 for 32 years, the last seven in his current positions. He will retire Feb. 28.
"I feel that it is time for me to leave in the course of a normal retirement and allow new leadership to emerge and flourish," he said in a statement.
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