Gayl W. Doster (BS '60)
Academy of Alumni Fellows 1994
Gayl W. Doster, retired President of Sigma Micro Corporation in Indianapolis, and former executive vice president of Hook-SupeRx, Inc. (HSI), the sixth largest operator of retail drug stores in the U.S. HSI operated 1,192 drug stores in 22 states under the names of Hook, SupeRx, and Brooks.
Mr. Doster, a CPA, is a native of Fremont, Indiana. Upon graduation from Indiana University in 1960, he began his career with the accounting firm Ernst & Young in Indianapolis, where he rose to the position of audit manager. In 1972 he joined Haag Drug Company as secretary and treasurer. In 1981 he became the chief financial officer of Hook Drugs, Inc.
While living in Indianapolis, Mr. Doster was active in the Jaycees; he is a past president of the Indiana Society to Prevent Blindness, a past president of the Indiana CPA Society, and a past treasurer of the Indiana Chi Phi Alumni Association, where he played an instrumental role in the financing and construction of the Chi Phi fraternity house on the Bloomington campus in the early 1960s.
In 1986 Mr. Doster helped form HSI, and as its first chief financial officer, negotiated funding in excess of $400 million used in the acquisition of the Hook and SupeRx retail drug chains. In 1988 HSI purchased the 350-store Brooks Drug chain based in Pawtucket, Rhode Island. Mr. Doster moved there after being named president of Brooks. During his tenure, he restructured the company and increased sales by 53 percent.
Mr. Doster has been very active in community affairs since moving to Rhode Island. He is the immediate past chairman of the Northern Rhode Island Chamber of Commerce, chairman of Junior Achievement of Rhode Island, and president-elect of the Rhode Island Philharmonic Orchestra. He also serves on the boards of directors of the Rhode Island Public Expenditure Council, the Pawtucket YMCA, and the Rhode Island Chamber of Commerce Federation. He has been involved in efforts to improve elementary and secondary education in Rhode Island and has chaired or served on several educational commissions. He is currently co-chairman of the Rhode Island Elementary/Secondary Board of Regents School-to-Work Committee. He was a 1993 recipient of the Clairborne Pell Award for outstanding service to vocational education in Rhode Island.
Mr. Doster and his wife, Beverly, have two children and live in Indianapolis, IN.