FTI Consulting Strengthens Energy & Industrials Business Transformation Practice with Addition of Two Senior Managing Directors
December 12 2023 - 7:30AM
FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of
its Energy & Industrials Business Transformation practice with
the appointments of Satish Damodaran and Alejandro Vanags as Senior
Managing Directors within the firm’s Corporate Finance &
Restructuring segment.
“In the face of economic uncertainty across the globe, energy,
industrials and manufacturing organizations are taking a deep look
at ways they can optimize their operations,” said Omar Aguilar,
Leader of FTI Consulting’s Energy & Industrials Business
Transformation practice. “Both Satish and Alejandro understand the
key trends and challenges our clients are facing in complex,
transitioning sectors, and I look forward to working alongside them
as we develop holistic solutions to our clients' unique business
challenges.”
Mr. Damodaran, who is based in Atlanta, brings more than 25
years of experience in operations management, manufacturing
operations and business strategy. In his role at FTI Consulting, he
will help industrial sector clients with business transformation,
manufacturing operations and interim management operational and
strategic needs, focusing on improving overall operational and
business performance.
Prior to joining FTI Consulting, Mr. Damodaran was a Managing
Director at Deloitte. He has executed business improvement
strategies for global industrial, aviation and consumer companies,
integrating people, process and next-generation technologies to
provide innovative solutions for clients. He has also provided and
enabled direct operational support to clients, including developing
offshore and near-shore capabilities.
Commenting on his appointment, Mr. Damodaran said, “I am
thrilled to join the firm and look forward to pursuing my passion
for enhancing operational performance in companies by assisting
management, boards and investors. FTI Consulting professionals
appreciate the importance of tailoring solutions to meet the unique
requirements of each client, and I look forward to joining a team
of experts with the credibility to deliver transformational
results.”
Mr. Vanags joins the Houston office with more than 20 years of
experience in the oil, gas, power and chemicals industries in the
United States, Latin America, Europe and Asia. In his role at FTI
Consulting, he will help clients in the energy sector implement
growth and strategy-based transformation programs, improve
operating models and build new organizational capabilities.
Prior to joining the firm, Mr. Vanags was a Managing Director at
Accenture, where he helped clients design strategies and
transformation programs, including the implementation of a
digital/AI transformation program for a large oil and gas company
and leading the energy strategy for a North American downstream
company.
Commenting on his appointment, Mr. Vanags said, “FTI Consulting
is known for its suite of services that helps clients achieve
positive and differentiated outcomes for their operational and
strategic challenges. I look forward to working alongside my new
colleagues as we leverage our deep energy industry experience to
identify and set strategic agendas that help our clients navigate
uncertainty and improve their overall business performance.”
The appointments of Mr. Damodaran and Mr. Vanags build on the
firm’s continued investment in its Business Transformation and
Strategy offering, which includes the October 2023 launch of FTI
Delta, a global, industry-specialized strategy consulting
practice.
About FTI Consulting FTI Consulting, Inc.
is a global business advisory firm dedicated to helping
organizations manage change, mitigate risk and resolve disputes:
financial, legal, operational, political & regulatory,
reputational and transactional. With more than 8,000 employees
located in 31 countries, FTI Consulting professionals work closely
with clients to anticipate, illuminate and overcome complex
business challenges and make the most of opportunities. The Company
generated $3.03 billion in revenues during fiscal year 2022. In
certain jurisdictions, FTI Consulting’s services are provided
through distinct legal entities that are separately capitalized and
independently managed. For more information, visit
www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc. 555 12th Street
NW Washington, DC
20004 +1.202.312.9100
Investor Contact: Mollie
Hawkes +1.617.747.1791 mollie.hawkes@fticonsulting.com
Media Contact: Matthew
Bashalany +1.617.897.1545 matthew.bashalany@fticonsulting.com
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