New CFO Brings More Than 25 Years of Strategic Leadership Experience

SOUTH RIDING, VA. – August 8, 2022Slone Partners, a nationwide executive search firm for life sciences, biotechnology, and healthcare companies, has announced the placement of Michael Shaffer as Chief Financial Officer (CFO) at Renovo Solutions, a leading healthcare technology management company that recently received a growth equity investment from Water Street Healthcare Partners.

Shaffer is an accomplished executive with strategic, operational, and financial leadership at the corporate, investor, and advisory levels for both public and private equity-backed businesses. Most recently he served as Principal, Portfolio Operations at New Harbor Capital. Previously he held positions as Chief Financial Officer at IZI Medical; Vice President of Operations at Shore Capital Partners; Chief Financial Officer at The Stepping Stones Group; and Vice President, Finance & Strategy at Landauer, Inc.

“Mike Shaffer is a strategically-oriented leader with a hands-on operational approach and a successful track record of building and supporting teams,” said Slone Partners CEO Leslie Loveless. “His experience, intellect, and financial acumen will be tremendous assets for the Renovo leadership team.”

“We are thrilled to welcome Mike to our team! With more than 25 years of strategic leadership experience at the corporate and advisory levels, Mike is well equipped to effectively manage all aspects of Renovo’s financial operations and help advance our mission to drive healthcare technology solutions,” said Bill Newell, CEO of Renovo. “He joins us at an exciting time as our company continues to grow our customer base and extend our footprint in a competitive marketplace.”

Shaffer received his bachelor’s degree in political science at Northwestern University and his MBA in Finance, Strategy, and Accounting from the Northwestern University Kellogg School of Management.

Slone Partners delivers the leaders who build amazing and diverse life sciences and healthcare organizations – People Are Our Science®. Founded in 2000, Slone Partners specializes in delivering world-class C-suite leadership, executive, and upper management talent to the most promising and established biotech, diagnostics, research tools, healthcare, precision medicine, medical device, and laboratory services companies. With national and global clients, Slone Partners uniquely and precisely provides an array of executive search and advisory services, including diversity, equity, and inclusion strategy, to innovative life sciences and healthcare companies. To learn more about Slone Partners’ value proposition and processes, visit or call 888.784.3422.

Renovo Solutions was founded in 2009 to provide health care and life sciences technology management (HTM) programs that deliver structured, transparent, and customer-focused equipment support services to health care and biopharmaceutical sites. Renovo Solutions currently has technology management programs at more than 300 locations across 37+ states. The company’s cost transparency and consultative approach to equipment service and management deliver a paradigm shift from typical service models. Renovo, which is Latin for “renew,” aims to reinvent the concept of equipment management. For more information, visit