FTI Consulting Promotes David Remnitz to Lead Global Technology Initiative
Continuation of Aggressive Growth Plan for Practice
Baltimore, MD - January 9, 2007
FTI Consulting, Inc. (NYSE: FCN), the leading global consulting firm to organizations confronting the critical legal, financial and reputational issues that shape their futures, announced today that, effective immediately, it has named David Remnitz to lead its rapidly expanding global technology practice. With 20 years experience in litigation technology and related disciplines, Mr. Remnitz has been a driving force in helping FTI establish a recognized position as a thought leader in this field and has spearheaded FTI's efforts to expand this practice worldwide. In this new role, he succeeds Barry Kaufman, who managed FTI's recent success in this area and has been promoted to become a special assistant to the president.
Commenting on Mr. Remnitz's promotion, FTI chief executive officer and president, Jack Dunn, said: “David has lead FTI teams in many of the highest profile investigations involving electronic evidence not just here, but around the globe, including cases involving finite risk insurance, market timing and manipulation, bid rigging, accounting fraud, theft of intellectual property and the defense of large class actions. We believe that his extensive experience working across all lines of FTI's business in forensic accounting, corporate finance and economics, combined with his broad technology, marketing and client expertise make him the ideal candidate to build upon our success in 2006 and propel the growth and brand of our technology business in the future.”
Mr. Dunn continued: “Last year was a remarkable year for our technology business under the direction of Barry Kaufman. For 2007, our goal is to continue this momentum and capitalize on the domestic and international footholds we now enjoy, further enabling FTI's broader business lines to integrate and amplify the way our professionals and clients leverage the technology-based solutions and products we bring to market. It is clear that technology will not only retain, but accelerate its position as a vital element to our success under David's leadership. At the same time, the entire executive management team looks forward to working closely with Barry in his new role as he brings his proven track record of success to the myriad of projects and opportunities presented to us to capitalize on our global foot print, expand our operations and focus on top- and bottom-line results.”
About David Remnitz
With 20 years of experience in the consulting profession, Mr. Remnitz joined FTI in 2003 as Managing Director in the Electronic Evidence area and most recently served as Senior Managing Director for FTI's global Electronic Evidence and eDiscovery practice. His clients include many of the largest insurance, financial services, media, life sciences and services companies faced with Attorneys General, SEC, US Attorney and FTC demands. He is a member of the Sedona Working Group on eDiscovery.
Prior to joining FTI, David Remnitz was Chief Executive Officer of IFsec, one of the earliest companies dedicated to helping enterprises define, evaluate and defend against information security threats. IFsec, based in New York, distinguished itself by emphasizing the integration of security measures with overall business objectives, and thus quickly became a boardroom-level advisor to firms ranging from high-profile new media ventures to Fortune 500 corporations. In his prior positions, Mr. Remnitz held various Executive responsibilities, working with The Rockefeller Group, Ernst & Young and Andersen Consulting. Mr. Remnitz holds a B.S. in Computer Engineering from Lehigh University and was a member of the YEO and Inc. Magazine's Entrepreneurial Leadership Program at the Massachusetts Institute of Technology in 2001.
About FTI's Technology Segment
FTI's Technology segment focuses on providing and offering, on a global basis, a full lifecycle of electronic evidence and eDiscovery services, including consultative software products (Ringtail™Legal 2005), electronically stored information processing, and data hosting (ASP) capabilities in support of fact-finding exercises, potential and active litigation, and investigations. The Company's complementary service lines include financial and data analysis expertise and solutions.
About FTI Consulting
FTI is a leading global firm that organizations rely on for advice and solutions in the areas of forensic analysis, investigation, economic analysis, restructuring, due diligence, strategic communication, financial communication and technology when confronting the critical legal, financial and reputational issues that shape their futures.
FTI delivers solutions every day through its network of nearly 2,000 professionals in offices in every major business center in the world.
Safe Harbor Statement
This press release includes “forward-looking” statements that involve uncertainties and risks. There can be no assurance that actual results will not differ from the company's expectations. The company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this may occur from time to time in the future. As a result of these possible fluctuations, the company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include pace and timing of additional acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described in the company's filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.