FTI Consulting Strengthens Retail & Consumer Products Practice with Appointment of Kurt Staelens

Rhea-AI Summary

FTI Consulting (NYSE: FCN) has appointed Kurt Staelens as Senior Managing Director in its Retail & Consumer Products practice, focusing on Corporate Finance & Restructuring. With over 30 years in retail, Staelens specializes in digital commerce and personalized marketing. His experience includes leading digital transformation initiatives that delivered significant revenue growth. Staelens aims to help clients adapt to changing consumer behaviors and rising costs, leveraging data-driven solutions for improved financial performance and supply chain efficiency. FTI Consulting reported revenues of $2.78 billion in FY 2021.

Positive

• Kurt Staelens brings over 30 years of retail experience, expected to enhance client services.
• Focus on data-driven solutions may lead to improved client operational efficiency and cost management.

Negative

• Concerns regarding continuity and adjustment to leadership changes.
• Potential gaps in experience may arise during transition period.

WASHINGTON, Feb. 09, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Kurt Staelens as a Senior Managing Director in the Retail & Consumer Products practice within the firm’s Corporate Finance & Restructuring segment. 

Mr. Staelens, who is based in Chicago, joins FTI Consulting with more than 30 years of experience in the retail space, focusing on digital commerce, store-based fulfillment, localized merchandising and personalized marketing for iconic U.S. and global retail brands. In his role at FTI Consulting, he will help clients navigate strategic cost transformation by using data-driven solutions to optimize digital commerce, merchandising, marketing, back-office technology and inventory capabilities.

“Over the last decade, consumer behavior has driven tremendous shifts from classic brick and mortar to same-day delivery and personalized marketing. Kurt understands the key to managing these shifts and what it takes to improve overall performance,” said J.D. Wichser, Leader of the Retail & Consumer Products practice at FTI Consulting. “His expertise will help clients target their investments in product and operations, improve their financial strength and manage transactions and unforeseen events.”

Prior to joining FTI Consulting, Mr. Staelens led the Retail and Digital Commerce practice at a Big Four firm, where he focused on transformational performance improvement enabled by data capabilities, which generated substantial revenue improvements for major clients. Before consulting, he was a retail industry operator and executive at several retailers both in the United States and Europe. He is fluent in English, Dutch and French, as well as understands German.

Commenting on his appointment, Mr. Staelens said, “Retail and consumer products companies are experiencing profound impacts to their bottom line due to evolving consumer behavior and increased costs due to inflation. I look forward to working alongside my colleagues at FTI Consulting to bring clients data-driven solutions that allow them to engage with consumers in a more personalized way, leading to a more efficient supply chain strategy and a more cost-effective investment strategy.”

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 7,500 employees located in 31 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. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn. 

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

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

Media Contact:
Matthew Bashalany
+1.617.897.1545
matthew.bashalany@fticonsulting.com

FAQ

Who is Kurt Staelens and what is his role at FTI Consulting?

Kurt Staelens is a Senior Managing Director in the Retail & Consumer Products practice at FTI Consulting, focusing on digital commerce and strategic cost transformation.

What experience does Kurt Staelens bring to FTI Consulting?

Staelens has over 30 years of experience in retail, specializing in digital commerce, personalized marketing, and transformational performance improvement.

How might Kurt Staelens’s appointment impact FTI Consulting's stock performance?

His extensive retail experience and focus on data-driven solutions could enhance client operations, potentially leading to increased revenue and shareholder value.

What are the revenue figures for FTI Consulting?

FTI Consulting generated $2.78 billion in revenues during fiscal year 2021.

What challenges might FTI Consulting face with this leadership change?

The company may face challenges related to continuity and experience gaps during the leadership transition period.