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Doug Yakola

Senior Partner, Boston
Brings deep experience in restructuring across industries, specializing in interim executive roles in organizations undergoing turnarounds and has served as president, CFO, and chief restructuring officer

About Doug

Doug is a leader of McKinsey's RTS Practice and is based in Boston. He specializes in interim C-suite roles for distressed companies undergoing restructuring or other major transformation, and has significant experience with private equity portfolio companies.

Doug’s restructuring experience includes serving as CRO of an underperforming, $3 billion metals company. In this role, he led the transformation of the company’s cost structure, including a 27 percent reduction in general and administration spend and a 10 percent run rate improvement in procurement spend.

He has served as CRO of a $3 billion mining company undergoing a divestiture—leading a rapid reduction its external, administrative, and capital expenditures. Other assignments include interim CFO of a major helicopter services company serving the oil and gas industry; and president and CRO of an international air cargo and logistics company undergoing a restructuring and sale of assets. Doug also served as a restructuring advisor and board member of a Brazil-based maintenance overhaul group, where he executed a turnaround plan and prepared the company for sale.

Doug was previously a senior advisor to MatlinPatterson, a private equity firm focused on distressed asset investing, and CFO of ATA Airlines, where he led the company through a bankruptcy.

Published work

Transformation with a capital T,” McKinsey & Company, November 2016

Maintaining a long-term view during turnarounds,” McKinsey & Company, April 2015

Education

Kellogg School of Management, Northwestern University
MBA

University of Central Florida
BS, business