Ryan McCormick engages and partners with clients to improve profitability, drive operational improvement and properly implement solutions. Mr. McCormick has partnered with organizations to drive performance improvement activities across a variety of industries, most frequently within retail and consumer products.
Mr. McCormick’s work focuses on improving profitability across all aspects of the profit and loss statement (“P&L”), including direct negotiations with vendors, improving sourcing and procurement practices to reduce the cost of goods sold (“COGS”), gross-to-get trade promotions and target operating model redesign. He has partnered with these organizations in a variety of situations, including distressed and restructuring scenarios.
Mr. McCormick has a variety of experience advising third parties, including lender-side and Unsecured Creditors’ Committee (“UCC”) advisory. He is an expert at approaching engagements cross-functionally, partnering with all involved stakeholders, including other consulting firms, banks, legal counsel and the client organization directly.
Relevant Experience:
- Managed all “Day One” integration planning activities supporting leadership, business, cultural and communication activities in a high-profile merger of equals
- Led the creation of multiple innovative workforce solutions specific to distribution salesforce and heavy skilled labor, addressing issues related to an aging workforce, increasing union tensions and reversing costly attrition trends
- Facilitated strategy and created tactics enabling functional teams to surpass cost takeout targets of 20%-50% for clients in distressed environments
- Led rapid maintenance optimization efforts at a sub-arctic mine, leading to 2-5 percent points of improvement per equipment type
- Managed creation of an innovative safety strategy at a utility construction company in response to increasing severe injury and fatality rates
Education
B.A., Economics and English, Lafayette College
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Contact
T: + 1 347 754 1384
ryan.mccormick@fticonsulting.com -
Bureau
1166 Avenue of the Americas
15th Floor
New York, NY 10036
United States
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Expertises
Business Transformation
Cost Optimization
Performance Improvement
Private Equity Advisory