FTI Consulting, Inc. Announces New Leaders of Corporate Finance/Restructuring Practice
Kevin Lavin and Bob Duffy Appointed Global Practice Heads
WEST PALM BEACH, Fla., Aug. 16, 2011 /PRNewswire via COMTEX/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that Kevin Lavin and Robert (Bob) Duffy have been appointed co-leaders of the firm's Corporate Finance/Restructuring practice, effective immediately. Mr. Lavin and Mr. Duffy will join the firm's executive committee, which is composed of practice leaders and heads of key corporate support functions. Mr. Lavin and Mr. Duffy will assume the role from former practice leader DeLain Gray, who recently announced his retirement.
The market-leading Corporate Finance/Restructuring practice of FTI Consulting focuses on the strategic, operational, financial and capital needs of businesses. Professionals in this practice work with companies, boards, private equity sponsors, lender and creditor constituencies, and other parties-in-interest to address a full spectrum of financial and transactional challenges, including performance improvement, mergers and acquisitions, restructuring, financings, post-acquisition integration, valuations and tax issues.
"Corporate Finance/Restructuring is an integral part of our business, and the strength of our intellectual capital is a key driver in the success of our firm," said Jack Dunn, President and Chief Executive Officer. "I am pleased that Kevin and Bob have accepted the charge to lead our practice. Since joining the firm, Kevin and Bob have made significant contributions to the firm, and I feel we have the right team at the right time to direct our practice. Both of these professionals have demonstrated immense dedication in their role as practice leader in their respective regions, and I am confident they will direct the practice globally in the same manner."
Kevin Lavin said, "Bob and I are thrilled with our new roles within the practice. We believe we are well-positioned to take on the challenges and growth opportunities of our practice."
Bob Duffy said, "Over the past quarter, FTI Consulting has taken key steps to strengthen the various businesses in our practice, including our transaction support business, in anticipation of the resumption of a vibrant financing market for the remainder of the year. Kevin and I look forward to identifying new opportunities for the practice at this pivotal time."
Kevin Lavin most recently was the senior managing director and head of the New York metro region for the Corporate Finance/Restructuring practice. He has more than 25 years of business consulting experience and possesses deep experience in assisting companies in creating and instituting vital business strategies specific to the transformation of underperforming companies. His expertise includes over 20 years of experience advising boards of directors, senior management and creditor constituencies of troubled companies in assessing operational and financial key metrics and in developing and implementing revenue enhancement initiatives. Mr. Lavin has been involved in operational and financial restructurings for a broad range of industries, including large and middle market companies. Mr. Lavin also has served in interim management roles as CEO, COO, CFO and CRO.
Mr. Lavin is a certified public accountant and a certified insolvency and restructuring advisor. He has served on the board of Global Sports, the New World Networks and the New York Turnaround Management Association and is a member of the American Institute of Certified Public Accountants, the Association of Insolvency & Restructuring Advisors and the Turnaround Management Association.
Bob Duffy most recently served as the senior managing director and head of the Northeast region of the Corporate Finance/Restructuring practice. Mr. Duffy also has been serving as the national leader of the Retail Industry group for Corporate Finance/Restructuring. Mr. Duffy has led many large and high-profile engagements for equity sponsors and has been instrumental in leading project teams to help clients revitalize operations, implement operational improvements and reposition businesses for future growth Based in the Boston office, Mr. Duffy has more than 25 years of experience, including 22 years serving as an advisor to private equity firms, corporations, lenders and boards of directors of underperforming businesses and companies in transition. Mr. Duffy has substantial experience in many industries as a result of leading successful engagements involving companies with operations in the United States and throughout the world. Mr. Duffy also has served as chief restructuring officer for a number of his clients.
Mr. Duffy is a member of the American Bankruptcy Institute, the Association of Insolvency & Restructuring Advisors and the Turnaround Management Association.
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 3,700 employees located in 22 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 and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at http://www.fticonsulting.com/.
SOURCE FTI Consulting, Inc.