Mr. Doolan, with over 25 years of experience as a
corporate turnaround executive, has been highly successful restoring shareholder
value and long-term profitability in several medium-to-large size corporations. He has
provided extensive CEO management and advisory turnaround services to
companies owned by Clayton, Dubilier & Rice, First Chicago Venture Capital,
Madison Dearborn Partners, RFE Investment Partners, Banc One Venture Partners,
Weston Presidio Capital, Capstan Partners, Security Pacific Venture Capital,
Citicorp, Manufacturers Hanover Trust, Chase Manhattan, Schottenstein Stores
Corp. and others.
Most recently, Mr. Doolan was President and CEO of $2.5 billion Value City
Department Stores Inc. (NYSE-symbol:VCD). He returned sales and profits to
a strong positive trend and implemented a strategic plan of action that took the
company from a 50¢ quarterly loss per share to a $1.00 per share annual profit.
Concurrently, he serves as: Director, $1.5 billion American Eagle Outfitters;
Chairman, President & CEO of U.S. Netting, a filtration media manufacturer;
Director, Baxter, Inc., a manufacturer of bakery and food service equipment;
Director, OK Industries Inc., a high-tech manufacturer for the semiconductor
industry.
Earlier Mr. Doolan served as Chairman and CEO of Bestop (NASDAQ), an automotive
convertible and sports utility vehicle top manufacturer. Mr. Doolan led
this company from crisis through divestiture, renewed profitability, led an IPO
and acquisition effort and implemented an exit strategy to provide the investors
a substantial ROI.
Mr. Doolan served as Chairman, CEO of a $100 million furniture manufacturer.
This company was owned by Clayton, Dubilier & Rice, a leading New York based
LBO firm. Mr. Doolan was responsible for a significant turnaround and
refocus of the strategic direction of this business for long term profit and
growth.
Other assignments have included:
Early career engagements included assignments as Plant Manager with ITT Defense
Communications, Executive Vice President - Manufacturing with Pilot Audio Inc.
and Vice President - Technical Services with Multitone Electronics Inc.
Mr. Doolan holds numerous U.S. and international patents, and is a Captain in
the U.S.Coast Guard Reserve. He has an ASEE degree from RCA Institute, a
BSEE from City University of New York and a BBA from Dallas Baptist University.
Mr. Doolan has been featured in articles in the Wall Street Journal, Fortune,
Wall Street Transcript, Dallas Business Journal, Business Week and numerous
trade publications. He has also been featured on “CEO Call” on CNBC.
He is the recipient of the prestigious “1999 Ellis Island Medal of Honor”
for exceptional business achievements, humanitarian efforts and outstanding
contributions to our country.