MorrisAnderson Promotes Dan Dooley to Chief Executive Officer

Newly Appointed Leader Led Advancement of Financial Advisory Firm's Capabilities

CHICAGO, IL--(Marketwire - June 7, 2010) -  MorrisAnderson announced today that it has named Dan Dooley as chief executive officer (CEO), effective immediately. In his new role, Dooley will be responsible for guiding the financial and operational advisory firm's strategic growth, as well as overseeing its nine offices throughout the country.

Dooley joined MorrisAnderson in 1997 and for the past five years has managed the firm's operations as chief operating officer (COO). In this role, he has successfully increased the firm's focus on industry specialization, as well as driven its expansion from 25 professionals and four offices, to 40 professionals and nine office locations. During his 13-year tenure with MorrisAnderson, Dooley has managed more than 50 projects and held interim CEO and CRO positions in numerous client engagements. In addition, the automotive industry credits him as a top negotiator as a result of his work with leading U.S. automakers. He also has negotiated numerous transactions involving the sale, refinancing and recapitalization of companies, including the closing of four transactions in 2010. 

"Dan's dynamic leadership skills and ability to develop our consultants, as well as his expertise in both the operational and financial advisory sectors, make him the best possible leader to drive MorrisAnderson's continued growth," said Alan Glazer, former CEO of MorrisAnderson and one the firm's three founding partners. "Another outstanding quality of Dan's is his ability to cultivate meaningful relationships with our clients, banks, law firms and investors. I am confident these qualities will ensure he upholds MorrisAnderson's tradition of excellence our clients have come to expect." Glazer served as CEO of Morris Anderson for the past five years and will remain with the company full time as a senior principal and project manager.

"Dan has deep knowledge of many industries -- from automotive and aerospace to construction products and restaurants -- and understands the importance of expanding the firm's footprint to accommodate distressed middle-market companies in untraditional industries, such as real estate and oil and gas," said Ken Yager, chief marketing officer of MorrisAnderson. "In doing so, we'll be well positioned to quickly respond to and better anticipate the needs of our clients, as well as take advantage of opportunities in new industries."

Prior to joining MorrisAnderson in 1997, Dooley served as an executive in both financial and general management roles at several Fortune 500 manufacturers, including Illinois Tool Works and Allied Signal. He also founded and operated a niche footwear manufacturer. Dooley is a Certified Turnaround Professional (CTP), past president of the Chicago Chapter of the Turnaround Management Association (TMA), a past board member and vice president of the TMA International and a current committee co-chair for the American Bankruptcy Institute (ABI). He is a frequent panelist and author in the areas of distressed businesses and insolvency. Dooley earned his bachelor's degree in business administration and his M.B.A. in finance from the University of Minnesota. 

About MorrisAnderson
Now celebrating its 30th anniversary, Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, St. Louis, Charlotte, N.C. and Minneapolis. The firm's service offerings include performance improvement, financial advisory, interim management, turnarounds, workouts, litigation support and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $50 million to $500 million in annual sales.

Contact Information:

Monica Heckman
Reputation Partners (for MorrisAnderson)
(312) 819-5720

Marjorie Dunn
Manager, Marketing & Communications
(312) 254-0892

MorrisAnderson Promotes Dan Dooley to Chief Executive Officer