SOURCE: MorrisAnderson

January 11, 2007 11:07 ET

Ken Yager Named MorrisAnderson Managing Director

CHICAGO, IL -- (MARKET WIRE) -- January 11, 2007 -- MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Ken Yager has been promoted to Managing Director of the company.

Yager joined MorrisAnderson ( in August 2005, bringing with him nearly two decades of experience in general management, capital-raising and profit-and-loss responsibility for companies in growth, leveraged-buyout and turnaround situations. At MorrisAnderson, he has acted as interim chief operating officer for a $25 million building products distributor, served on the board of directors of a $23 million independent bottler, developed a divestiture plan for a $26 million division of a $500 million steel company, and managed negotiations with 1,200 vendors for a $200 million outdoor equipment company.

"We're very pleased not only with Ken's executive leadership capabilities, but also with his excellent specialized consulting abilities," says Dan Dooley, Principal. "He has been instrumental in expanding our non-traditional services, primarily through private equity firms, hedge funds and investors. Working with the high-quality team we have at MorrisAnderson, Ken has established a strong base of referral sources and a solid book of business."

Before he joined MorrisAnderson, Yager was head of Newpoint Ventures, which revitalized mid-market companies. He also has been vice president, equity sponsor business development at Bank of America, senior associate at Coopers & Lybrand, and financial analyst in the Capital Markets Division of Salomon Brothers.

Yager holds a bachelor's degree in management, with majors in finance and accounting, from Tulane University, and a master's degree in management from J.L. Kellogg School of Management at Northwestern University.

A former president of the Kellogg Alumni Club, Yager is a member of the Chicago/Midwest chapter of the Turnaround Management Association and of the Association for Corporate Growth. He is based in MorrisAnderson's Chicago office.

More about MorrisAnderson:

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Delaware, Los Angeles, Cleveland and Nashville. The firm's eight service offerings include performance improvement, financial advisory, turnarounds and workouts, investment banking, interim management, lender services, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $250 million in annual sales. Now celebrating its 26th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is in Nashville, TN.

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Contact Information

  • Contact:
    Marjorie Dunn
    Manager, Marketing & Communications
    MorrisAnderson & Associates, Ltd.
    55 West Monroe Street
    Suite 2500
    Chicago, IL 60603
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