FTI Consulting Hires Michael Pace, Todd Matherne and Herb Cohen
Leading Experts Augment FTI's Financial Investigations and Interim Management Capabilities
Baltimore, MD - March 7, 2006
FTI Consulting, Inc. (NYSE: FCN), a premier provider of problem-solving consulting and technology services to major corporations, financial institutions and law firms, announced today the appointments of three new senior professionals. Michael Pace joins FTI's Forensic and Litigation Consulting practice as senior managing director. Todd Matherne and Herb Cohen join FTI Palladium Partners as senior managing director and managing director respectively.
Commenting on the new appointments, Dominic DiNapoli, FTI's chief operating officer, said, “FTI clients and shareholders value the expertise and ability of our talent. FTI continues to expand, and Mike, Todd and Herb — all of whom will contribute to FTI's business in a meaningful way — bring the highest standards of excellence to our clients.”
Michael Pace joins FTI as senior managing director in the Forensic and Litigation Consulting practice in Chicago. Mr. Pace will focus on building FTI's investigations business and will specialize in conducting complex investigative assignments for senior management at public and private corporations, legal counsel and the financial sector. Engagements will include corporate investigations involving allegations of fraud and corporate corruption, due diligence investigations and dispute-related inquiries.
Prior to joining FTI, Mr. Pace was managing director and co-leader of the dispute analysis and forensics practice at Alvarez & Marsal (A&M). Prior to joining A&M, Mr. Pace was Chicago office head for Kroll Associates, where he built and led Kroll's investigations, intelligence and security businesses in the Midwestern United States. Previously, Mr. Pace was a litigator at Jenner & Block handling commercial and civil litigation matters, white collar criminal defense cases and internal investigations. Mr. Pace has conducted investigations in the U.S., Europe, the Middle East, Asia and Latin America. He began his career as an assistant U.S. attorney with the Department of Justice, where he investigated and prosecuted fraud, racketeering, narcotics, violent crime and other complex cases.
Mr. Pace has a J.D. from Northwestern University School of Law and a B.S. in Finance from the College of Commerce and Business Administration at the University of Illinois. He is a member of the Chicago Crime Commission, the American Corporate Counsel Association, the American Bar Association and the Federal Bar Association.
Todd Matherne joins FTI Palladium Partners, the interim management arm of FTI's Corporate Finance practice, as senior managing director in FTI's Houston office. Mr. Matherne has more than 25 years of senior financial and operational management experience providing leadership and advice to public and private organizations. He has worked in start-ups to large-cap companies in a variety of industries, including commercial contracting, engineering and construction, oilfield services, consumer services, LTL transportation, specialty chemicals, manufacturing, distribution, resort development and real estate, financial services, retailing and food processing. Mr. Matherne's business experience included responsibility for operations in North and South America, Europe and West Africa. In his new role at FTI Palladium Partners, he will step into interim management positions at underperforming companies to impact results by working closely with management teams and boards towards financial and operational improvement.
Prior to joining FTI, Mr. Matherne led a turnaround at a commercial electrical contractor with over $1 billion in revenue. Within 65 days of being retained, he alleviated imminent bank defaults, avoided a going-concern statement from outside auditors, raised $50 million in new capital and initiated a divestiture process for underperforming units. In addition, he held senior financial, management and operating roles with Encompass Services Corporation, Service Corporation International, Baker Hughes Incorporated and The WEDGE Group.
Mr. Matherne holds a B.S. in accounting from Louisiana State University – Baton Rouge and is a certified public accountant.
Herb Cohen joins FTI Palladium Partners, the interim management arm of FTI's Corporate Finance practice, as managing director in FTI's Washington DC office. Mr. Cohen has over 30 years of corporate and restructuring experience and a successful track record specializing in interim management roles requiring a unique combination of leadership, analytical and technical accounting skills. In his role, he will take interim management roles with companies facing financial or operational difficulties and will work with them to stabilize operations, restore credibility and will work with them to drive long-term positive change.
Prior to joining FTI, Mr. Cohen spent over nine years serving clients of AlixPartners LLC and portfolio companies of its affiliated private equity group, Questor, where he worked to solve challenging and complex GAAP, SEC financial reporting, internal control, governance and related organizational matters. Several of these solutions served as a critical step towards establishing enterprise value aggregating several billion dollars for a number of businesses ultimately reorganized under Chapter 11 proceedings. Prior to AlixPartners LLC and Questor, Mr. Cohen served in senior financial officer roles in a variety of industries including printing, publishing, cable television operations/programming and nursing homes.
Mr. Cohen holds a B.S. in accounting from the University of Maryland and is a certified public accountant.
About FTI Consulting
FTI is a premier provider of problem-solving consulting and technology services to major corporations, financial institutions and law firms when confronting critical issues that shape their future and the future of their clients, such as financial and operational improvement, major litigation, mergers and acquisitions and regulatory issues. Strategically located in 25 of the major US cities, London and Melbourne, FTI's total workforce of more than 1,300 employees includes numerous PhDs, MBAs, CPAs, CIRAs and CFEs, who are committed to delivering the highest level of service to clients.