Mandate to Expand Current Practices, Evaluate Opportunities
ANNAPOLIS, Md., July 1 /PRNewswire-FirstCall/ -- FTI Consulting, Inc.
(NYSE: FCN), the premier national provider of strategic and litigation-related
consulting services, today announced that Barry Kaufman has joined the firm in
the newly created position of vice president of operations. He will have an
initial focus on the litigation practices, expanding the company's recently
announced new practice areas, devising strategies to sell services across
business segments, and evaluating new business opportunities that complement
FTI's existing practices. Barry will work with Stewart Kahn, FTI's president
and chief operating officer.
Prior to joining FTI, Barry was a partner in Andersen's Business
Consulting practice, where he led the Washington, D.C.-based organizational
strategy and enterprise technology group that served the government market.
There he was responsible for helping government agencies achieve policy and
performance goals mandated by Congress, executive branch, state legislatures
and citizen commissions. Since early 2002, he also served as the risk
management practice director for complex engagements for clients in the
telecommunications, consumer products, technology and entertainment
industries, and was a member of the National Business Consulting quality
assurance program.
Previously, Barry served as a director with Kahn Consulting Inc., which
was acquired by FTI in 1998, where his responsibilities included litigation
consulting, corporate restructuring and corporate recovery services for
clients involved in the oil and gas, engineering and construction, and retail
industries. Before that, he was chief operating officer of one of ABB Inc.'s,
the U.S. subsidiary of ABB Ltd., oil and gas operating groups, responsible for
North and South America, as well as managing director of Europe, Middle East,
and Africa operations. Prior to serving in that operational capacity, he was
the chief financial officer and chief information officer of another of ABB's
worldwide operations.
Barry received his undergraduate degree from the University of Michigan,
Ann Arbor, Mich., and his MBA from Hanover, N.H.-based Dartmouth's Tuck School
of Business. He is a certified public accountant in Maryland, and will be
located in FTI's Annapolis corporate office.
Stewart Kahn said, "Barry and I worked together previously and I am
delighted that he has decided to work with me again. He gives FTI a wealth of
experience in developing existing and new practice areas, as well as someone
who will work with our current management team to enhance our strategic
position and strengthen our operations."
Commenting on his decision to join FTI, Barry said, "My operating
experience should complement the existing FTI management team as we continue
to expand both our current business and evaluate new opportunities."
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,
Inc., +1-410-224-8770, General, Marilyn Windsor, +1-702-515-1260,
Analysts, Lisa Fortuna, +1-312-640-6779, Media, Tim Grace,
+1-312-640-6667, all of FRB Weber Shandwick
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