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Karen W. Katz

Ms. Katz has served as Director, President and Chief Executive Officer since October 6, 2010. She served as Executive Vice President and as a member of the Office of the Chairman from October 2007 until October 6, 2010. From December 2002 to October 6, 2010, she served as President and Chief Executive Officer of Neiman Marcus Stores. Ms. Katz formerly served on the board of directors of Pier 1 Imports, Inc. She is a member of the Executive Committee. Since joining the Company in 1985, Ms. Katz has been in charge of a variety of business units and has demonstrated strong and consistent leadership. She has an extensive understanding of the Company's customers and the retail industry that enables her to promote a unified direction for both the Board of Directors and management.