FTI Consulting announced Dec. 16 that Steve Gunby, 56, has been appointed the firm's President and CEO. Gunby will join the Company in his new role on Jan. 20, 2014.
He will succeed Jack Dunn, who will leave his positions as an executive officer and director after 21 years.
Gunby has been at The Boston Consulting Group since 1983, and has been a Senior Partner and Managing Director since 1993. He currently leads BCG's global Transformation and Large Scale Change Practice. Previously he led BCG's operations in the Americas.
"After careful consideration, the Board determined the succession planning process provided an opportunity to infuse fresh perspective and complementary experience in order to move FTI Consulting into its next stage of growth," says Gerard E. Holthaus, the Company's Presiding Director. "We believe Steve's extensive consulting industry experience, his understanding of the opportunities and challenges of a global consulting brand and his success in leading growth and profitability initiatives represent a good combination of capability and track record from which to lead the Company into its next phase."
Gunby has served on BCG's Executive and Operating Committees during a period where BCG greatly increased its global footprint, including major expansions into China and India. The term of his leadership from 2003 to 2009 began an era of historic success for BCG's Americas business, which saw significant revenue growth, tripling of profitability and improved employee morale. Gunby has led or been actively involved in generating some of the firm's largest and most significant client relationships.
"FTI Consulting has tremendous global opportunities ahead and I look forward to working closely with the executive management team and with all of FTI Consulting's professionals to build on the solid growth strategy in place and further enhance opportunities for employees, the quality and value delivered to clients, and, as a result, the returns achieved for stockholders," Gunby says.
Under Dunn's leadership, FTI Consulting grew from a small forensic consulting firm with $7 million in revenue to a $1.6 billion global business advisory firm.
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