Consumer >> CEO Interviews >> May 25, 1998

Martin P. Doolan – Value City Department Stores (vcd)

MARTIN P. DOOLAN is CEO of Value City. With over 25 years of experience as corporate turnaround executive, he has been highly successful in 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, Regional Financial Enterprises, Security Pacific Venture Capital, Weston Presidio Capital, Banc One Venture Partners, Sunwestern Investment Group and others. Mr. Doolan founded Multitech Enterprises in 1982, a firm which specializes in providing CEO management for companies with under performing earnings. Mr. Doolan serves as Chairman and Chief Executive Officer of Multitech and fosters the principle of equity participation and continued involvement with all client companies until a successful turnaround and exit strategy is executed with significant return to shareholders. In recent years, Mr. Doolan has co-invested and managed portfolio investment companies for RFE Investment Partners, Weston Presidio Capital, Capstan Partners and Advent. He serves as Director/Chairman on several Boards of Directors, holds numerous U.S. and international patents. He has an ASEE from RCA Institutes, a BBA from Dallas Baptist University and studied Electrical Engineering at City University of New York. Mr. Doolan served seven years active service in the United States Coast Guard, and 30 years in the Reserves. He attended the Army War College for Reserves and retired as Captain, July 1997, while under consideration for selection to Rear Admiral. Profile
TWST: Give us a brief summary, an historical background sketch on the

company and then bring us up to date. Over the next two to three years,

what do you see as the challenges and opportunities