Dave has over 25 years experience in retailing, most recently serving as EVP – Chief Operating and Financial Officer of Catherine’s Stores Corporation, a 540 store, $400 million specialty women’s apparel retailer. At Catherine’s, Mr. Forell was responsible for finance, accounting, credit, treasury, tax, store operations, distribution and logistics, information technology and merchandise planning and allocation. During Forell’s 12 year tenure at Catherine’s he led an IPO, growth from 212 to 432 stores and revenue increased from $114 million to over $300 million. This led to the sale of Catherine’s to Charming Shoppes Inc. for a 50% premium to market price. Dave directed the sale process including due diligence, contract negotiations, accounting and investment banking relationships. Previously Mr. Forell was VP – Finance and CFO of Hutzler Brothers Company, a $120 million regional department and specialty store chain. He also held financial and accounting positions with BATUS, Inc. and Marshall Field & Co. after beginning his career with Arthur Andersen LLP where he as an Audit Manager specializing in retail, consumer products and health care clients. Mr. Forell earned an MBA and BSBA from Northwestern University (Barker Fellowship, Austin Scholar) and he is a CPA.
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