FTI Consulting announces CFO Ajay Sabherwal will leave on September 12; Paul Linton appointed interim CFO during the search.
Quiver AI Summary
FTI Consulting, Inc. announced that its Chief Financial Officer, Ajay Sabherwal, will depart the company on September 12, 2025, to pursue an opportunity outside the consulting sector. Paul Linton, the current Chief Strategy and Transformation Officer, will serve as the interim CFO while FTI searches for a permanent replacement. CEO Steven H. Gunby expressed gratitude for Sabherwal's contributions over his nine-year tenure and wished him well in his future endeavors. Sabherwal also thanked FTI's leadership team for their support and reflected on their collective success. FTI Consulting is a global expert firm with over 7,900 employees and reported $3.70 billion in revenues for fiscal year 2024.
Potential Positives
- FTI Consulting's appointment of Paul Linton as interim Chief Financial Officer demonstrates a proactive approach to leadership transitions, ensuring continuity during the search for a permanent replacement.
- The acknowledgment of Ajay Sabherwal's contributions by both the CEO and Sabherwal himself reflects a positive company culture and strong leadership, which can enhance morale among employees and stakeholders.
- FTI Consulting reported significant revenues of $3.70 billion for fiscal year 2024, indicating strong financial performance and market positioning.
Potential Negatives
- The resignation of the Chief Financial Officer may signal instability within the company's leadership team, potentially impacting investor confidence and the company's overall performance.
- The need to appoint an interim CFO suggests a lack of immediate readiness or succession planning, which could raise concerns about the company's internal processes and longevity.
- There is no information on how the departure might affect the company's financial strategy or performance moving forward, creating uncertainty for investors and stakeholders.
FAQ
When will Ajay Sabherwal leave FTI Consulting?
Ajay Sabherwal will leave FTI Consulting on September 12, 2025.
Who will replace Ajay Sabherwal as CFO?
Paul Linton will serve as the interim Chief Financial Officer while a search for a permanent replacement is conducted.
What was Ajay Sabherwal's role at FTI Consulting?
Ajay Sabherwal served as the Chief Financial Officer at FTI Consulting for the past nine years.
What does FTI Consulting specialize in?
FTI Consulting is a global expert firm specializing in crisis management and transformation for organizations.
How much revenue did FTI Consulting generate in FY 2024?
FTI Consulting generated $3.70 billion in revenue during fiscal year 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FCN Insider Trading Activity
$FCN insiders have traded $FCN stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $FCN stock by insiders over the last 6 months:
- AJAY SABHERWAL (Chief Financial Officer) sold 5,236 shares for an estimated $861,845
- CURTIS P LU (General Counsel) sold 4,953 shares for an estimated $785,545
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FCN Hedge Fund Activity
We have seen 190 institutional investors add shares of $FCN stock to their portfolio, and 242 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEUBERGER BERMAN GROUP LLC removed 645,368 shares (-99.6%) from their portfolio in Q1 2025, for an estimated $105,891,981
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 565,672 shares (-55.5%) from their portfolio in Q1 2025, for an estimated $92,815,461
- PACER ADVISORS, INC. removed 518,687 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $85,106,162
- STEPHENS INVESTMENT MANAGEMENT GROUP LLC removed 474,292 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $77,821,831
- GREENVALE CAPITAL LLP added 360,220 shares (+inf%) to their portfolio in Q1 2025, for an estimated $59,104,897
- JACOBS LEVY EQUITY MANAGEMENT, INC added 292,615 shares (+1668.1%) to their portfolio in Q1 2025, for an estimated $48,012,269
- GOLDMAN SACHS GROUP INC removed 288,986 shares (-85.4%) from their portfolio in Q1 2025, for an estimated $47,416,822
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FCN Price Targets
Multiple analysts have issued price targets for $FCN recently. We have seen 2 analysts offer price targets for $FCN in the last 6 months, with a median target of $175.5.
Here are some recent targets:
- Tobey Sommer from Truist Securities set a target price of $178.0 on 04/02/2025
- James Yaro from Goldman Sachs set a target price of $173.0 on 02/21/2025
Full Release
WASHINGTON, Aug. 12, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that its Chief Financial Officer, Ajay Sabherwal , will leave the Company on September 12, 2025, to accept a position outside of the consulting industry. FTI Consulting intends to appoint Paul Linton , FTI Consulting’s Chief Strategy and Transformation Officer, as interim Chief Financial Officer while the Company conducts a search for a permanent replacement.
Steven H. Gunby , CEO and Chairman of FTI Consulting, said, “On behalf of our Board of Directors and our leadership team, I would like to thank Ajay for his leadership and many contributions to FTI Consulting over the last nine years. Ajay is a terrific professional, and we wish him the best in his future endeavors.”
Mr. Sabherwal added, “I would like to thank Steve and the entire team at FTI Consulting for their support over the last nine years. I am proud of our success, and it has been an honor to work with such a talented group of dedicated professionals.”
About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 7,900 employees located in 32 countries and territories as of June 30, 2025. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year 2024. More information can be found at
www.fticonsulting.com
.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical. When used in this press release, words such as "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes,” "forecasts" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our expectations at the time we make them and various assumptions. Our expectations, intentions, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, intentions, beliefs and estimates will be achieved. Other Company risks are described under the heading "Item 1A Risk Factors" in the Company's most recent Form 10-K filed with the SEC and in the Company's other filings with the SEC. We are under no duty to update any of the forward-looking statements to conform such statements to actual events and do not intend to do so.
Investor & Media Contact:
Mollie Hawkes
+1.617.747.1791
m
[email protected]
