Joe Lu is a member of the Corporate Finance practice and is based in Chicago. At FTI Consulting, Mr. Lu serves in interim accounting and finance roles for companies and their creditors and provides advisory services.
Mr. Lu has developed liquidity forecasts and financial models used in a variety of applications, including supporting in-court restructuring processes, internal management and reporting, cash flow management, executive and board review and delivery to external constituents.
Mr. Lu has served in numerous interim management roles, including interim controllership and finance roles at various manufacturing, industrial products and consumer products companies with emphasis on adoption of best practices, reinforcement of finance teams and developing reporting and other tools to assist management execute on strategic initiatives.
Prior to joining FTI Consulting, Mr. Lu worked as a supervisor in the assurance and transaction advisory practices at McGladrey LLP in Chicago. Mr. Lu holds a B.S. in Accounting and Business Administration from the University of Wisconsin Platteville. He is a Certified Public Accountant and a Certified Management Accountant.
- Chemicals – Interim controllership role for $300 million carve-out chemical company from Fortune 100 company with global footprint: developed procedures, investor and board presentations and financial reporting platform for GAAP and management reporting and led team through quarterly reviews and annual audit, ultimately transitioning to a stand-alone company
- Chemicals – Interim Financial Planning and Analysis (“FP&A”) for $1 billion national manufacturer of polyurethane foam products: developed inaugural annual budget for the company’s 23 plants, trained regional finance leaders, developed standardized financial reporting and other tools and analyses to understand drivers behind monthly financial results by plant and division
- Retail and Consumer Products – Provided advisory services to one of North America’s largest bedding manufacturers: augmented the company’s FP&A team to develop 13-week cash flow forecasts and long-term liquidity planning tools, as well as assisting in recapitalizing the company’s existing term debt, raising additional capital and deleveraging its capital structure during the COVID-19 pandemic
- Grocery – Provided advisory services for a $4 billion North American grocery chain: supported investment bankers in multiple new financing efforts, supported an asset-based loan (ABL) and first-in, last-out (“FILO”) refinancing process and assisted in business planning and reaching a support agreement with term lenders to deleverage the capital structure and raise additional capital
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