FTI Consulting Wins Four 2016 Association of Management Consulting Firms Spotlight Awards
RadioShack Engagement Receives AMCF High Five in the Finance/Risk Management Category
WASHINGTON, June 20, 2016 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that FTI Consulting has won four 2016 Association of Management Consulting Firms (“AMCF”) Spotlight Awards. The AMCF Spotlight Awards celebrate the exemplary value that consultants create for their clients, namely the innovative and sustainable solutions they deliver during client engagements. Project entries are assessed by an independent panel of judges drawn from academia, media and the public/private sectors.
FTI Consulting was honored in the following categories:
- Finance/Risk Management – RadioShack (“AMCF High Five”)
This category is defined as the effective use of finance and risk management to support an operation or business unit. This project was also ranked as a top scorer, or an “AMCF High 5”, meaning the entry achieved a top five score amongst all categories and submissions. FTI Consulting’s Corporate Finance & Restructuring segment was retained as financial advisor to facilitate a 363 sale process for RadioShack, and FTI Consulting Senior Managing Director, Carlin Adrianopoli, was appointed as Interim Chief Financial Officer. The restructuring paved way for the continuation of RadioShack and the preservation of its iconic American brand and saved numerous jobs both domestically and overseas. In addition, Sprint entered into a strategic partnership as part of the sale transaction, which significantly expanded their brick and mortar presence overnight.
- Operating Model Design – Children’s National Health System
This category is defined as projects that reinvent business operating models to ensure long-term sustainability, financial viability and/or profitability by using operational reviews and benchmarking of best practices in order to create new organizational models. As part of the development of a five-year projection related to changes in Health Reform prepared in 2012, FTI Consulting’s health solutions practice was retained to conduct a Performance Improvement Assessment study to assist in developing and implementing widespread changes to current business operations. With the benefits of the clinical and operational changes, Children’s National Health System achieved improvements of over $100 million during 2014 and 2015 and has received two upgrades in its credit rating, achieving an A+ recognizing financial strength and outstanding organizational progress.
- Corporate Social Responsibility – Out Leadership
This category is defined as work that enables clients to achieve outstanding and sustainable benefits for society, including the environment. FTI Consulting’s Strategic Communications segment was retained by Out Leadership, the first global LGBT business organization to promote equality in Asia through a multifaceted public relations program focused on addressing social stigma. At Out Leadership’s annual summit, FTI Consulting increased media attendance and Out Leadership’s digital footprint by 400 percent.
- Internal Initiative – FTI Awards
This category celebrates internal, non-client facing initiatives that exemplify the mission and values of a consulting firm. FTI Consulting received this award for an internal awards program, which recognizes the firm’s professionals for their contributions and successes on an annual basis. The awards, which were incorporated in 2014, celebrate professionals in different business functions, levels and regions, and also aides to generate excitement about the future of the firm and its evolving cultural values. Professionals are nominated by their peers and are ultimately selected by the firm’s Executive Committee. The awards ceremony is webcast across the globe and both winners and nominees are celebrated through various internal activities.
“Winning four AMCF awards honors the enormous dedication that our professionals put into delivering the highest quality results for our clients,” said Steven H. Gunby, President and Chief Executive Officer at FTI Consulting. “And, of course, there is no higher calling in professional services.”
“I was also pleased to see our recently created FTI Awards program, which helps our own professionals celebrate their colleagues’ tremendous talents and contributions, be recognized for an ‘internal initiatives’ award,” Mr. Gunby added.
Winning teams and their clients will be honored at a celebratory dinner on June 23, 2016 in New York City.
The 2016 AMCF Spotlight Awards were assessed by an independent panel of judges drawn from academia, media and the public/private sectors. A full list of judges is available here. The project must have been completed within 18 months of the submission date. The panel judges projects through a rigorous process according to the following criteria: Commitment to High Quality and Professionalism; Quality of Client Relationship; Application of Management Skills and Knowledge; Achievement of Measurable and Qualitative Results; Clarity of Language; and Excellence of Presentation. Additionally, a client survey is distributed for each project entry containing 20 rating/scale questions and five optional questions.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.78 billion in revenues during fiscal year 2015. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.