Ajay Sabherwal is FTI Consulting’s Chief Financial Officer and a member of the firm’s Executive Committee. Mr. Sabherwal is responsible for all of the Company’s finance functions and is based out of the firm’s executive headquarters in Washington, D.C.
Prior to joining FTI Consulting, Mr. Sabherwal served as the Executive Vice President and Chief Financial Officer of FairPoint Communications, Inc., a leading provider of telecommunications services primarily in Northern New England from 2010 to 2016. Mr. Sabherwal joined FairPoint Communications, shortly after the Company filed for Chapter 11 bankruptcy. In January 2011, following the culmination of a financial restructuring process where FTI Consulting represented the creditors, FairPoint Communications emerged from bankruptcy and was relisted on the NASDAQ. Under Mr. Sabherwal’s leadership, FairPoint Communications completed a fundamental transformation including improved cash management and a successful debt refinancing, among other initiatives led by Mr. Sabherwal.
Prior to FairPoint Communications, from 2009 to 2010, Mr. Sabherwal served as Chief Financial Officer of Mendel Biotechnology, Inc., a biotechnology company that was acquired by Koch Industries in 2014. From 2005 to 2009, Mr. Sabherwal served as Chief Financial Officer of Aventine Renewable Energy, Inc., a bioethanol production and marketing company that completed an initial public offering on the NYSE in 2006.
Prior to these roles, Mr. Sabherwal served as the Executive Vice President and Chief Financial Officer of Choice One Communications, Inc., from 1999 to 2005. During his time at Choice One Communications, Mr. Sabherwal raised $1 billion in equity, preferred equity and senior and subordinated debt, and took the Company public on the NASDAQ in 2000. During Mr. Sabherwal’s six years with Choice One Communications, the Company completed several acquisitions and annual revenues grew from less than $3 million to over $300 million. As Chief Financial Officer of Choice One Communications, Mr. Sabherwal also led the financial restructuring of its debt through a Chapter 11.
Before serving as both a public and private company Chief Financial Officer, Mr. Sabherwal held numerous business planning, consulting and equity analyst roles in the telecommunications industry. From 1996 to 1999, he served as Executive Director of Institutional Equity Research at Canadian Imperial Bank of Commerce (“CIBC”) World Markets, Inc. Prior to joining CIBC World Markets, he served as a telecommunications analyst for Barclays de Zoete Wedd (“BZW”) Canada from 1993 to 1996. Mr. Sabherwal has also held positions at CNCP Telecommunications, Deloitte and Louis Dreyfus Trading Limited (UK).
Mr. Sabherwal currently serves as a director and Chair of the Audit Committee at Lone Pine Resources Canada, Ltd., an independent oil and gas exploration, development and production company based in Calgary, Canada, and is an adjunct faculty member at the McColl School of Business at Queens University of Charlotte, North Carolina where he has taught Investment Analysis and Macroeconomics.
Mr. Sabherwal received a master's degree in economics and a bachelor's degree in mechanical engineering from the Birla Institute of Technology & Science in Pilani, India. He also holds a master's degree in business administration from the Manchester Business School in the UK.