Michael C. Yeager
Chief Financial Officer

MICHAEL C. YEAGER, Chief Financial Officer at De Novo Perspectives (DNP), is a hands-on executive with 20 years of experience serving clients in various senior management and consulting roles. His expertise covers many industries, including healthcare, retail, textiles, consumer products, hospitality, manufacturing, transportation, and logistics.
He has considerable experience in event and liquidity-driven crisis situations and analyzing and developing the financial planning and reporting cycle. Michael is highly skilled in assessing contract profitability, developing new business profitability models, working capital management, cash flow control, forecasting and improvement, and business and product acquisitions and divestitures. He has an exceptional ability to quickly identify critical operational drivers, develop alternatives for performance improvement, and lead the change implementation process. In addition to his role at DNP, Michael also serves as CFO of EXTEND Resources and Orrios.
Additionally, Michael has held interim management positions for both public and privately held companies.
- At ContinuumRx, a privately held Home Infusion Therapy company, Michael was retained to assess the company’s financial planning and forecasting model and develop an interim tracking and reporting process. He developed changes to the financial planning and reporting model based on best practices, analyzed existing and developed new revenue and operating metric drivers, and designed and instituted a weekly tracking report.
- As Interim CFO for the North American Transportation Division of Ozburn-Hessey Logistics, a privately held international 3PL, Michael was involved in division transition from centralized financial control to division-specific control. During the transition, he also instituted numerous new analyses and processes, including customer-specific volume and revenue trends, new business profitability, new business implementation tracking, and underperforming account management. Michael also served as a consultant with both the Contract Logistics and International divisions. In addition, he developed sales planning metrics and reporting for the Contract Logistics division and led the effort to reduce working capital utilization in the customs brokerage segment of the International division.
- As acting COO/CEO of Optimal IMX, a privately held outsourced radiology company, Michael was brought in on an emergency basis to assess the company’s underperformance and cash burn issues. As a result, he led the efforts to restructure or terminate underperforming contracts, developed and instituted a new business profitability model, changed new business contract language, and helped stabilize and reposition the company’s business.
- At MedQuist, Inc., a publicly traded company that was the world’s largest provider of medical transcription products and outsourced services, Michael developed the analysis and supporting documentation that enabled the Company to become current in its issuance of audited financial statements and SEC filings after a four-year hiatus. He performed critical analyses that facilitated the successful resolution of a nationwide customer class action lawsuit and investigations by both the SEC and DOJ into the Company’s billing practices. Additionally, as interim head of Business Intelligence of MedQuist, he was responsible for the development, analysis, and reporting of many of the key business objectives, including customer revenue trends, new sales pipeline, customer issue resolution, workforce productivity, compensation, and incentive programs
Michael’s other engagements of note included:
- Serving as Interim Treasurer in a successful Chapter 11 reorganization case that took less than seven months. Michael managed all cash matters including successfully negotiating post-petition credit with trade vendors. He was the primary contact with both the trade vendors and bank lenders. In conjunction with bankruptcy counsel, he led the internal team that prepared the various Chapter 11 filing documents and schedules and managed the claims reconciliation process.
- Advising a Senior Lender Group on its troubled loan to a supplier of contract and outsourced labor to the automobile industry.
- Providing cash flow forecasting and control and other financial assistance to a $100 million privately-held plastic injection molding company during its successful Chapter 11 reorganization process.
- Performing various analyses and authoring a report for a major money center bank’s successful lawsuit regarding the commercial reasonableness of actions taken in pursuit of collection of a defaulted loan.
- Acting as the Interim CFO of a failed $800 million computer distributor throughout its liquidation.
- Serving as Interim Controller of a publicly-held provider of services to the eye care industry.
- Providing a broad array of interim management services at both the corporate and foreign subsidiary levels of a family-owned manufacturer of ethnic hair care products.
- Undertaking viability analysis of a privately-held provider of information services to the automobile insurance industry and assisting senior lenders through a successful debt restructuring.
- Developing a sophisticated cash flow management system for a $600 million retain chain.
Earlier in his career, Michael served as Manager of Financial Planning and Analysis and Assistant Treasurer for Gitano Group, Inc., an apparel merchandiser of budget friendly fashion distributed through mass merchants, both before and during the company’s restructuring. Before attending graduate school, Michael served in several roles for the Sands Hotel & Casino, including inventory controller, accountant, and analyst.
Michael has an MBA degree from Rutgers University and a BBA in Economics from Temple University.