Edward Yakely

Ed has more than 25 years of financial, operational, human resource and internal information technology experience in diverse industries. Ed’s strengths include strategic planning, budget and forecasting, implementing and upgrading both operational and financial process improvement, as well as gross margin and net profit improvement. Ed’s expertise extends to nearly every aspect of a business’s financial and operational needs. He has provided both external and operational financial reporting, treasury management including cash flow, contract negotiations and compliance, key performance metrics, team building, mentoring, talent acquisition, staff reduction and purchasing. He has always thrived in fast- paced environments where he brings his passion to be the best, positive attitude and his “roll up the sleeves” mentality to the task. But most importantly, he brings objectivity and the highest ethical standards with him.

Since joining Yes CFO, Ed provided financial management of a plastics manufacturer, controllership functions for a national utilities contractor, an operations review of a commercial roofing subcontractor, an interim CFO assignment and forensic examination for an assisted living facility, fundraising activities for a start-up medical software enterprise and CFO services for an offsite contractor of prefabricated modular buildings.

Before Yes CFO, Ed was the Chief Financial Officer at American Panel Tec, a $30 million manufacturer of prefabricated building components for schools, offices, multi-family and military applications. Originally recruited to facilitate the due diligence of a $26 million recapitalization, he implemented a defined contribution plan for the company’s laborers and achieved a 40% decrease in the company’s property and casualty insurance by reviewing contract terms and utilizing skilled insurance professionals.

From 2002 through 2006, Ed was the Controller, then Vice President of Finance at the Internet Crimes Group (ICG), a $4 million provider of professional investigative services. At ICG, he increased the company’s operational line of credit with its primary financial institution six-fold and established term facilities to accelerate equipment acquisition by leveraging his banking contacts and utilized his fraud education in numerous forensic accounting and litigation support matters. At the end of 2005, Ed approached management and proposed the spin-out of certain assets into a new company, IntegriChain. The newly formed company would employ software to supplement the services provided by ICG. Ed prepared five year financial models in support of the private equity road show, which ended with a successful $2 million equity financing.

In 2001, Ed joined the start up enterprise, Coree Networks Inc., as its Controller and Corporate Secretary. The telecom equipment manufacturer was funded by Silicon Valley investors with $30 million of series “A” financing. Ed performed all due diligence required by investors’ legal counsel and prepared all supporting documentation for the related employee stock purchase agreements. He made numerous presentations to the Board of Directors, and became extremely comfortable presenting to both them as well as investors. When the PE firms pulled the last $11 million of their financing, Ed was responsible for all activities to wind down the business, including asset inventory, severance and benefit calculations and stock repurchases.

Earlier in his career, Ed was the Director of Finance for an enterprise that included construction services, property management and hospitality (both lodging and food & beverage) operations. Ed began his career at the international public accounting firm, Ernst & Whinney (now Ernst & Young) and then joined J.M. Huber’s corporate audit staff, where he built his accounting and auditing foundation.

Ed earned his Bachelor of Science degree in Business Administration (cum laude) from the University of Dayton. He achieved his Certified Public Accountant (CPA) certificate in 1984 and earned the Certified Fraud Examiners (CFE) Certification in 2005. He is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and the Association of Certified Fraud Examiners.

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