Ronnie Martin to Lead New Area Combining Business, Legal Aspects of Dispute
Settlement Strategy
ANNAPOLIS, Md., June 5 /PRNewswire-FirstCall/ --
FTI Consulting, Inc. (NYSE: FCN), the premier national provider of strategic
and litigation-related consulting services, today announced that Ronnie A.
Martin has been appointed managing director of its new Houston-based Strategic
Settlement Services Practice. The new practice will help FTI's clients to
mitigate the cost of or avoid litigation by evaluating claims and risks,
coordinating business expertise with legal and technical analysis, developing
cost-effective settlement strategies, and implementing profitable business
resolutions.
"Ronnie is recognized in the energy industry for his ability to bring a
business perspective to litigation strategy," said Jack Dunn, FTI's chairman
and chief executive officer. "At Texaco, Ronnie built a state-of-the-art
business model that ensured the right business strategy was developed to
create the best business results. We expect him to adapt this model for other
industries and expand FTI's role in strategic settlement services across our
client base."
Ronnie has over 33 years of experience in various sales, operations and
management aspects of the energy industry relating to oil, gas and natural gas
liquids. Prior to joining FTI, he was vice president of Texaco Exploration
and Production Inc., responsible for the development of business-oriented
conflict avoidance and resolution strategies for Texaco's domestic exploration
and production activities. Ronnie's responsibilities also included claims
analysis and fact testimony in contract and royalty disputes, severance tax
assessments, joint interest operations disputes and environmental claims. He
also served as lead negotiator and client representative in numerous
mediations, arbitrations and trials in which Texaco was a party.
In addition to his dispute management responsibilities, Ronnie led other
Texaco oil and gas initiatives including the development of a now industry-
accepted crude oil tendering program that was designed to achieve the
company's business objectives of maximizing sales value and addressing royalty
and tax valuation requirements.
"The need for well-reasoned strategic settlement services is greater today
than ever before," Ronnie commented. "With a properly developed strategy,
current as well as potential disputes can be effectively managed and
acceptable resolutions can be achieved. The settlement skills and strategy
practices employed in the energy business are completely transferable to other
industries, and FTI has encouraged me to build a broad-based settlement
practice."
Joining Ronnie in the Strategic Settlement Services practice are Douglas
A. Duke and Belinda A. Frasier.
Doug has held various management positions in the natural gas industry for
24 years and has extensive experience in the areas of natural gas production,
regulations and marketing, as well as settlement negotiations and development
of litigation strategy and support for royalty and severance tax claims. Most
recently, he was manager of production services for Texaco Exploration and
Production Inc., where he was responsible for providing information, analysis
and testimony with respect to significant domestic claims and litigation.
Belinda has 20 years experience in various oil and gas industry financial
assignments. Most recently, she was senior financial analyst for production
services for Texaco Exploration and Production, Inc. where she was responsible
for developing litigation databases and performing extensive economic
analyses. She also has extensive experience in oil and gas royalty and
severance tax valuation analysis and acquisition and divestiture analysis.
"We are very excited that Ronnie, Doug and Belinda have joined our firm,"
said Stewart Kahn, president and chief operating officer of FTI. "They give
us the tremendous combination of senior oil and gas professionals and
experienced settlement strategists. Ronnie and his team join the 65
professionals we already have in Texas serving clients on intellectual
property matters, forensic accounting, energy disputes, accident
investigations and restorations, and trial graphics and technology matters."
About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading
practices in the areas of bankruptcy and financial restructuring, litigation
consulting and engineering/scientific investigation. Modern corporations, as
well as those who advise and invest in them, face growing challenges on every
front. From a proliferation of "bet-the-company" litigation to increasingly
complicated relationships with lenders and investors in an ever-changing
global economy, U.S. companies are turning more and more to outside experts
and consultants to meet these complex issues. FTI is dedicated to helping
corporations, their advisors, lawyers, lenders and investors meet these
challenges by providing a broad array of the highest quality professional
practices from a single source.
This press release includes "forward-looking" statements that involve
uncertainties and risks. There can be no assurance that actual results will
not differ from the company's expectations. The company has experienced
fluctuating revenues, operating income and cash flow in some prior periods and
expects this may occur from time to time in the future. As a result of these
possible fluctuations, the company's actual results may differ from our
projections. Other factors that could cause such differences include pace and
timing of additional acquisitions, the company's ability to realize cost
savings and efficiencies, competitive and general economic conditions, and
other risks described in the company's filings with the Securities and
Exchange Commission.
FTI is on the Internet at http://www.fticonsulting.com .
SOURCE FTI Consulting, Inc.
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Related links:
http://www.fticonsulting.com
CONTACT:
Jack Dunn, Chairman & CEO of FTI Consulting,
+1-410-224-8770, or General, Marilyn Windsor, +1-702-515-1260,
Analysts, Lisa Fortuna, +1-312-640-6779, or Media, Tim Grace,
+1-312-640-6667, all of FRB Weber Shandwick
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