FD Begins Search for CEO as Watson Prepares for Chairman Role
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FD Begins Search for CEO as Watson Prepares for Chairman Role

Corporate and financial public relations consultancy FD has begun a search for a new global chief executive. The firm’s parent, management consulting firm FTI Consulting, has retained executive search specialist Spencer Stuart.

Paul Holmes

LONDON—Corporate and financial public relations consultancy FD has begun a search for a new global chief executive. The firm’s parent, management consulting firm FTI Consulting, has retained executive search specialist Spencer Stuart to identify a potential successor to Charles Watson, who will be taking on a newly-created role as global chairman after 20 years with the firm and 10 years as group CEO.

 

Watson’s new role will enable him to focus more on the international development of FD and FTI’s business around the world. Watson led the 70-strong MBO team which acquired the former Financial Dynamics from the Cordiant Communications Group.

 

At the same time, Oliver Pawle will take on a wider role as chairman of a cross-firm European advisory board. He will continue to be actively involved with FD, but will also now advise and support other FTI operations, particularly in the area of business development. Pawle was formerly vice chairman of the investment banking division of UBS and more recently served as chairman of FD and senior partner and chairman of board services at Korn Ferry|Whitehead Mann.

 

These moves follow other important recent developments, including the appointment of Mark Malloch-Brown, former Minister of State in the Foreign & Commonwealth Office and a long-time external affairs advisor to the World Bank and the United Nations, as FTI’s chairman of global affairs; the completion of a $400 million bond issue to invest in FTI’s international growth; the acquisition of Asia-based corporate restructuring and recovery firm Ferrier Hodgson; and the combination of FD’s Asia and Australian operations.

 

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