FTI Consulting has hired Ernie Chung as a Denver-based handling director in the firm’s telecom, media, and technologies (TMT) apply inside the company finance and restructuring section.
Chung delivers 22 years of expertise furnishing transaction-associated expert services to buyers and corporate M&A groups, with a focus on the area industry. In his new function at FTI, he will provide place and satellite benefit chain customers with tips on target identification, commercial and operational because of diligence, merger execution, and post-merger integration.
Chung has worked with almost all the significant satellite OEMs in North The us and Europe. He has deep knowledge in technological charge reduction/design to price, source chain transformation, and distressed application turnaround. He has advised on major individual bankruptcy and restructuring conditions like Intelstat and Avanti.
“FTI Consulting has led or participated in a multitude of high-profile satellite firm transactions around the decades,” explained Luke Schaeffer, international co-leader of the TMT market apply at FTI Consulting. “With many years of knowledge as a guide and entrepreneur, Ernie brings an operational perspective to our follow that will assistance shoppers carry technology and providers to the room current market a lot quicker.”
Chung joins FTI from AlixPartners, where expended the final eight a long time and was latterly a director and house area practice chief, operating with consumers including satellite suppliers, launchers, and operators. Ahead of that, he invested six yrs as running companion of Bradbury & Chung, a boutique administration consultancy he co-started.
Previously in his vocation, Chung expended seven decades at Booz Allen Hamilton, the place he labored on operations tactic and system management engagements in the aerospace and protection market.
He has an MBA from the University of Colorado, Boulder and a bachelor’s degree in global relations from the University of California, Santa Barbara.
“Despite all the technological progression in place above the earlier 20 several years, considerably of the money and programmatic worries — the business conclusion of place — nevertheless continue being,” Chung stated. “I am enthusiastic to be a part of the crew as it continues to translate technologies for the business enterprise community to expose the top economic price of space know-how.”
FTI’s extra than 6,900 world wide workforce recommend clientele on taking care of modify, mitigating chance, and resolving disputes. The consulting agency has once-a-year profits of $2.78 billion.