Kevin Lavin Named Chief Executive Officer of Ankura

Highly Skilled and Effective Executive to Lead Global Consulting Firm's Next Chapter of Growth

WASHINGTON, Jan. 14, 2020 /PRNewswire/ -- Ankura, a global leading business advisory and expert services firm, today announced that it has promoted Kevin Lavin, Ankura's Co-President since January 2016 and an accomplished consulting industry executive with more than 30 years of business consulting and executive leadership expertise, to the position of Chief Executive Officer, effective January 1, 2020. Mr. Lavin succeeds Roger Carlile, who has stepped down from the role after founding the firm in 2014. Mr. Carlile will remain engaged with the strategic direction of Ankura, serving as the non-executive chairman of its Board of Directors.

"Kevin is the natural choice to assume the role of CEO as Ankura further establishes itself as one of the leading global consulting firms," said Vahe Dombalagian, Managing Director and Co-Head of the Financial & Transaction Services team at Ankura's investment partner, Madison Dearborn Partners, and a member of Ankura's Board of Directors. "With his extensive operational and leadership expertise, proven track record at Ankura and strong vision for the firm's continued success, Kevin is well prepared to lead Ankura into its next period of growth. The entire Board and I are confident that Kevin can help Ankura achieve its objective of becoming the leader in its chosen markets and home to the best talent in the global consulting industry. We thank Roger for his vision and contributions, and we look forward to supporting Kevin during this next chapter."

Assuming this new role extends and expands the work Mr. Lavin has been undertaking for the last several years as Co-President of the firm. Since joining Ankura in early 2016, Mr. Lavin has played an integral role in determining and executing Ankura's growth strategy as a differentiated professional services firm focused on collaboration and the delivery of creative and innovative solutions for clients. Ankura today has over 1,500 employees in more than 30 offices worldwide and generates revenue in excess of $500 million. It intends to continue to grow by remaining true to its values and mission of helping clients navigate a wide range of corporate performance and risk management challenges. Mr. Lavin also possesses extensive executive leadership experience from previous roles serving as chief executive officer, chief operating officer, chief financial officer, and chief restructuring officer at various operating companies.