Yellen Partners Announces Four Appointments to Executive Team

Executives Bring Experience and High Performing Track Records that Will Drive Future Growth

DEERFIELD, Ill.--(BUSINESS WIRE)-- Yellen Partners, LLC (Yellen Partners), an asset liquidation company, announced today the appointment of four industry veterans to its executive team to develop the company’s acquisition and disposition services in retail and wholesale inventories, as well as the growth of its auction and appraisal services.

The appointments are as follows:

• Mark Naughton, Executive Vice President and General Counsel. Mark Naughton is responsible for structuring transactions, as well as negotiating and drafting agreements. He will also provide counsel on strategic and legal questions related to various business units and transactions in addition to supervising outside counsel. Naughton brings more than 25 years of experience representing debtors, trustees, secured creditors, creditors' committees, and unsecured creditors in bankruptcies, workouts and related litigation. Prior to joining Yellen Partners, he served as general counsel at the Great American Group working on major retail liquidations.
• Michael Miller, Senior Vice President of Finance and Investment. Michael Miller manages client financial operations, investment modeling and pricing as well as strategic financial planning for Yellen Partners. He also oversees due diligence and management of financial consultants for all investment projects. Miller has more than 17 years of experience in the financial management of liquidation transactions with previous roles at the Great American Group as vice president of finance and as a financial field operative at The Ozer Group.
• Norm Weizer, Executive Vice President and Director of Operations – Retail. Norm Weizer directs the asset management, valuation and disposition of all retail projects. With more than 40 years of retail experience, he previously served as vice president of operations and merchandise for Hilco Global in North America and Europe. In this role, Weizer was responsible for corporate operations, due diligence examinations and bank appraisals.
• David Ordon, Executive Vice President and Director of Operations – Industrial. David Ordon leads the asset management, valuation and disposition of all industrial projects. He has more than 40 years of experience as an auctioneer liquidator and appraiser with an emphasis on machinery and equipment. Previously, Ordon built a successful auction and liquidation business for a wide range of assets in Canada and the United States.

“This is an exciting time for Yellen Partners as we continue to execute against our strategy to deliver innovative offerings and best-in-class client experiences,” said Brian Yellen, president of Yellen Partners. Harvey M. Yellen, Chairman and CEO, added, “We’re confident in the leadership these executives will provide as they accelerate our strategic path forward, drive growth and continue to deliver superb service offerings for our client base."

About Yellen Partners, LLC

Yellen Partners, LLC is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to sell assets. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through retail store closings, orderly liquidations of wholesale inventories and specialty assets, private treaty sales and on-site and on-line auctions.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005207/en/

Yellen Partners, LLC
Brian Yellen, (224) 804-6033
[email protected]
http://www.yellenpartners.com

Source: Yellen Partners, LLC

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