FTI Consulting Adds Kaufman as VP Operations
Mandate to Expand Current Practices, Evaluate Opportunities
Annapolis, MD - July 1, 2002
ANNAPOLIS, MD, July 1, 2002—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.