Yeo & Yeo is pleased to announce that Dave Youngstrom is appointed CEO-elect. Effective January 1, 2022, Youngstrom will serve as Yeo & Yeo’s President and CEO, assuming leadership of the firm’s nine offices and all Yeo & Yeo companies – Yeo & Yeo CPAs & Business Consultants, Yeo & Yeo Medical Billing & Consulting, Yeo & Yeo Technology and Yeo & Yeo Wealth Management.
“I am deeply honored that the principal group selected me as the next CEO,” Youngstrom said. “While I’ve enjoyed the daily contact with our clients I have known for the past 25 years, I believe that I can make a difference in this new role, and I am excited to lead the firm into the future.”
Youngstrom is a principal and shareholder, and he serves on Yeo & Yeo’s board of directors. In his recent role as assurance service line leader, Youngstrom was responsible for directing and strategizing the firm-wide audit practice throughout Yeo & Yeo’s nine offices. During his 25 years at Yeo & Yeo, Youngstrom championed many initiatives for the assurance service line and the firm.
“He has unified the firm-wide audit team, ensuring that our professionals work together to best serve our clients,” said President & CEO Thomas Hollerback. “Under his leadership, our assurance service line revenue increased 45 percent during the past five years. These accomplishments took energy, knowledge, and patience to effectively lead and motivate others.”
Hollerback will retire at the end of 2021 after nine years as CEO and 38 years with the firm. He looks forward to the new ideas Youngstrom will bring to the role during the next year of transition.
“Dave and I have worked together for more than 25 years supporting, mentoring and challenging one another along the way,” Hollerback said. “I know from my long history of working with Dave that he will bring new energy and innovation to Yeo.”
Yeo & Yeo board member Tammy Moncrief added, “Following a comprehensive leadership succession process, the board and our shareholder group are confident that Dave is the right person to strengthen our firm and drive future growth. Dave has made significant contributions towards Yeo & Yeo’s success. He is an inspirational leader with great vision and a strong advocate for our employees and clients.”
Youngstrom plans to continue to put Yeo & Yeo’s core values first by supporting employees, giving back to our communities, and focusing on the firm’s long-term success.
“I am passionate about our culture and making Yeo & Yeo the best place to work for everyone,” he said. “I am committed to ensuring our clients receive the best service in the most efficient ways possible, and I pledge to continue down the path of innovation and growth for our firm.”