Michael J. Talarico

Michael J. Talarico specializes in providing financial advisory services to various parties, including debtors, creditor committees and lenders, in connection with distressed and underperforming companies. Mr. Talarico has more than 30 years of experience providing restructuring services and deep industry expertise in the metals and manufacturing industries. Additionally, he offers interim management services, including interim Chief Financial Officer (“CFO”), Controller and Director of Financial Planning and Analysis (“FP&A”).

Mr. Talarico joined FTI Consulting in August 2002 as part of its acquisitions of PricewaterhouseCoopers’ (“PwC”) Business Recovery Services Practice, and since has worked as financial advisor to a variety of distressed companies, including Wheeling-Pittsburgh Steel, Tower Automotive, Residential Capital, iQor and Serta-Simmons Bedding in their Chapter 11 proceedings.

Mr. Talarico’s select creditor representations include Westmoreland Coal and numerous Official Committees of Unsecured Creditors, including Phoenix Mill Services, Optima Specialty Steel and Horsehead Corporation. He served as Chief Restructuring Officer (“CRO”) to Magnetation, LLC. Mr. Talarico also advised an integrated steel producer on the merits and downsides of various options for exiting several underperforming assets, including Chapter 11. His restructuring experience includes business plan development and review, bankruptcy and contingency planning, bankruptcy reporting, analysis and development of restructuring strategies, short-term liquidity forecasting, liquidation analyses and business valuations. Additionally, he has analyzed the impact of restructurings on pension and OPEB costs and has testified numerous times in bankruptcy court.

Prior to joining FTI Consulting, Mr. Talarico worked for nine years at the Pittsburgh office of PwC. Representative clients include the Official Creditors’ Committees of Gulf States Steel and Safelite Glass, the trustee of Pittsburgh Food & Beverage, Harnischfeger Industries, Acme Metals, Cincinnati Microwave, Sharon Steel and Brothers Gourmet Coffee. Earlier in his career, Mr. Talarico worked in the Audit and Assurance practice of Price Waterhouse LLP.

Relevant Experience:

• Conducted an assessment of the North American steel market for purposes of analyzing the potential to reduce carbon emissions from the industry
• Conducted independent business plan review for a European steel producer to facilitate a capital raise to decarbonize their operations
• Created a Techno-Economic Viability (“TEV”) report for a foreign lender to a U.S.-based long products producer
• Provided sell-side transaction services for an integrated steel producer looking be acquired by other producers in the industry
• Filed business interruption insurance claim for an integrated steel producer that endured multimonth shutdown
• Led business plan development efforts for an idled integrated steel producer looking to restart operations