By RTT News,
December 16, 2013, 12:13:00 PM EDT
(RTTNews.com) - Business advisory firm FTI Consulting, Inc. ( FCN ) said Monday that it has appointed Steve Gunby as President and Chief Executive Officer.
Gunby will join the company and be appointed as a director on January 20, succeeding Jack Dunn, who will leave his positions as an executive officer and director after 21 years of service with the company.
The selection of Gunby culminates the CEO succession planning process instituted earlier this year by the company's Board of Directors.
Gunby, 56, joins FTI Consulting from The Boston Consulting Group, Inc., where he has been employed since 1983, and has been a senior partner and managing director since 1993.
Dunn will continue to serve as President and CEO and a director of FTI Consulting until Gunby joins the company on January 20.
The company also said that the Board of Directors has adopted a revised governance model in which it will have an independent Chairman of the Board.
The change will be implemented in connection with the previously announced retirement of Dennis Shaughnessy as Executive Chairman, which will occur at the conclusion of the Board's regularly scheduled meeting on December 17. Also, Shaughnessy will resign as a director on that date.
The company's Board has elected Gerard Holthaus, currently the Presiding Director, to become Non-Executive Chairman of the Board effective December 17.
Additionally, the company's Board has authorized a decrease in the overall size of the Board to eight directors from nine directors, effective on December 17, immediately following Shaughnessy's resignation.
Dunn and Shaughnessy will remain available to the company's management team in advisory roles.
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