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FTI Consulting, Inc. (NYSE: FCN) is a leading global business advisory firm committed to helping organizations manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., FTI Consulting operates with more than 8,000 professionals in 31 countries, delivering expert services across various domains.
The firm segments its operations into five critical areas:
- Corporate Finance and Restructuring: Specializes in business transformation, strategy, and restructuring services, providing solutions for optimal financial performance.
- Forensic and Litigation Consulting: Offers expertise in investigations, dispute resolution, and forensic accounting to support clients facing legal complexities.
- Economic Consulting: Delivers strategic consulting on economic issues, antitrust matters, and financial economics, aiding clients in navigating complex regulatory environments.
- Technology: Focuses on M&A-related services, litigation support, and leveraging digital tools to streamline business processes and enhance decision-making.
- Strategic Communications: Provides services in public affairs, corporate reputation management, and communication strategies to mitigate risks and strengthen client relations.
FTI Consulting serves a diverse clientele, including sectors like construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology. The majority of its revenue is generated within the United States, with the Corporate Finance segment being the largest contributor.
In recent developments, FTI Consulting has expanded its global aviation offering with the appointment of Frank Martin, enhancing their capability to navigate aviation sector challenges. The firm also focuses on digital transformation, highlighted by the appointment of Shubho Ghosh to bolster their Business Transformation practice, aiding clients in developing and implementing digital strategies for revenue growth and operational efficiency.
Financially, FTI Consulting reported a revenue increase to $3.49 billion for the year 2023, reflecting a 15.2% rise from the previous year, attributed to higher demand across all segments. The firm maintains a robust financial position with net income of $274.9 million and a steady cash flow, underpinned by strategic investments in talent and digital transformation initiatives.
FTI Consulting's commitment to delivering value extends to its private equity services, led by Jiva J. Jagtap, focusing on value creation and post-transaction strategies. The firm is also proactive in cybersecurity, addressing communication gaps between CISOs and the C-suite to enhance organizational resilience against evolving cyber threats.
For more information, visit www.fticonsulting.com or contact their investor relations team.
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.
FTI Consulting (NYSE: FCN) has appointed Susan Hartman as Senior Managing Director within its Risk and Investigations practice, part of the Forensic and Litigation Consulting segment. With over 20 years of experience in finance and accounting, Hartman will focus on financial forensic investigations. Her previous roles include partner at BVA Group and Director at AlixPartners. This appointment aims to enhance FTI's forensic accounting and investigative services, addressing the complexities in the regulatory and financial landscape.
FTI Consulting, Inc. (NYSE: FCN) will announce its third-quarter financial results for the period ending September 30, 2022, before the market opens on October 27, 2022. A conference call to discuss these results will occur on the same day at 9:00 a.m. ET, featuring senior management. Investors can access the live stream and a subsequent 90-day replay via the company's investor relations website. FTI Consulting reported $2.78 billion in revenue for the fiscal year 2021, indicating its significant presence in the global business advisory sector.
FTI Consulting, Inc. (NYSE: FCN) has enhanced its business transformation expertise by appointing Heiko Rauscher as Senior Managing Director in its Corporate Finance & Restructuring segment. With over 20 years of experience, Rauscher specializes in the automotive and industrial sectors and has successfully led complex transformation projects. His background includes significant roles in China, contributing to the transformation of major corporations. This addition aims to strengthen FTI's advisory capabilities amidst ongoing industry changes.
On September 20, 2022, FTI Consulting (NYSE: FCN) announced key appointments to bolster its Global Insurance Services practice. Vince Bodnar, with nearly 40 years in the insurance industry, will lead the Life Insurance and Long-Term Care offerings in North America. Kevin Waterman, formerly a Vice President at Genworth, brings over 30 years of experience, focusing on product development. Marc Zimmerman, a seasoned leader in financial services, will identify new opportunities for the practice. These strategic additions aim to enhance service offerings and address challenges within the insurance sector.
Industrias Bachoco announced that its ad hoc committee met regarding a voluntary tender offer from certain shareholders to purchase outstanding shares at $81.66 Mexican pesos each. The committee, formed in April 2022, engaged FTI Capital Advisors to assess the fairness of the offer price. Following a series of meetings, FTI confirmed that the offer price is fair for shareholders. The ad hoc committee encourages shareholders to evaluate their options based on personal circumstances and available information before deciding on the potential offer.
FTI Consulting (NYSE: FCN) announced the appointment of Anita Patel as Senior Managing Director in the Risk and Investigations practice, enhancing its forensic and litigation consulting capabilities in Canada. Based in Toronto, Patel brings over 18 years of experience in forensic accounting and expert litigation support. Her role will focus on driving growth in forensic investigations and compliance services. This strategic hire follows the June addition of Denis Reynolds to strengthen the Financial Services practice, reflecting FTI's commitment to expanding its Canadian presence.
FTI Consulting (FCN) has appointed Brian Boetig as Senior Managing Director in its Cybersecurity practice, enhancing its capabilities in response to increasing cybersecurity threats. Boetig, with over 30 years of experience in the FBI, will help establish FTI’s Cybersecurity footprint in Seattle. His tenure includes leadership roles in national security and crisis management, particularly overseeing the Cyber Investigative Joint Task Force. This is part of FTI's strategic hiring efforts to strengthen its cybersecurity services globally.
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