FTI Consulting Announces the Resignation of Nicole S. Jones from Its Board of Directors

Rhea-AI Summary

FTI Consulting, Inc. (NYSE: FCN) announced the resignation of Nicole S. Jones from the Board of Directors effective October 14, 2022. Ms. Jones stepped down due to scheduling conflicts arising from her role as Executive Vice President and General Counsel at Cigna Corporation. Her departure was not linked to any disagreements with the company or its management. Following her resignation, the Board's size decreased from ten to nine members. Ms. Jones served as a director since March 2022, and the company expressed gratitude for her contributions during her tenure.

Positive

• Board size reduced to streamline decision-making.

Negative

• Loss of a director who provided legal insights, potentially affecting governance.

WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that on October 14, 2022, Nicole S. Jones tendered her resignation as a director and member of the Compensation Committee of the Board of Directors (the “Board”) of FTI Consulting, effective immediately. Ms. Jones resigned due to obligations arising from her position as Executive Vice President and General Counsel of Cigna Corporation, which resulted in scheduling conflicts and limited the time she was able to devote to her position as a director of FTI Consulting. Ms. Jones’ resignation was not the result of any disagreement with FTI Consulting, including any disagreement relating to FTI Consulting’s management, its Board or any Committee thereof, or any matter relating to FTI Consulting’s operations, policies or practices. Ms. Jones served as a director of FTI Consulting since March 2022.

“On behalf of FTI Consulting and the Board, I would like to thank Nicole for her service,” said Gerard E. Holthaus, non-executive Chairman of the Board of FTI Consulting. “Although short, Nicole, as a senior legal advisor to multinational corporations, has been a great resource during her tenure as a director of FTI Consulting.”

Commenting on her departure, Ms. Jones said, “I’m very disappointed that I could not resolve the demands on my time and scheduling conflicts to continue as a director of FTI Consulting. I am very proud of my time as a director and the invaluable experience I have received.”

As a result of Ms. Jones’ resignation, effective October 14, 2022, immediately following Ms. Jones’ resignation, the Board reduced the size of the Board of Directors from 10 directors to nine directors.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,000 employees located in 30 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.78 billion in revenues during fiscal year 2021. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12^th Street NW
Washington, D.C. 20004
+1.202.312.9100

Investor & Media Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

FAQ

Why did Nicole S. Jones resign from FTI Consulting?

Nicole S. Jones resigned due to scheduling conflicts with her position at Cigna Corporation.

When did Nicole S. Jones's resignation take effect?

Nicole S. Jones's resignation took effect on October 14, 2022.

What impact does Nicole S. Jones's resignation have on FTI Consulting?

Her resignation reduces the Board size and may affect the company's governance and legal advisory.

How long did Nicole S. Jones serve on the Board of FTI Consulting?

Nicole S. Jones served on the Board since March 2022.

Did Nicole S. Jones's resignation involve any disagreements with the company?

No, her resignation was not due to any disagreements with FTI Consulting or its management.