William J. Nolan is a Senior Managing Director in the FTI Consulting Corporate Finance/Restructuring practice and is based in Charlotte. Mr. Nolan has worked in all areas of corporate recovery, including working with senior management in business turnarounds and corporate bankruptcy. He has more than twenty years of diverse financial consulting and management experience.
Mr. Nolan has considerable experience working with senior management teams in the areas of financial and operational restructuring, loan workouts and business planning. He has assisted management in developing business plans, devising short to medium term financial strategies and projections for use in troubled debt restructures, and implementing controls over cash expenditures, overhead and operating costs.
Mr. Nolan’s diverse background extends into financial services; manufacturing; restaurants; healthcare, and real estate wherein he has served as advisor to companies, and advised secured creditors, and unsecured creditors committees in out-of-court and in bankruptcy distressed situations. Mr. Nolan has considerable mortgage banking experience and has been very active in the reorganization of many sub-prime lending concerns.
Mr. Nolan also has extensive experience in working in international insolvencies and workouts. As a member of PricewaterhouseCoopers’ (PwC) United Kingdom insolvency practice, Mr. Nolan gained experience in the specialized area of UK insolvency, working as a receiver and administrator. Mr. Nolan’s UK experience included managing and selling companies, including companies associated with Polly Peck International, one of the UK’s largest ever insolvencies.
Prior to its acquisition by FTI Consulting, Mr. Nolan served as a partner in the U.S. division of PwC’s Business Recovery Services group. Prior to joining PwC, Mr. Nolan held an executive financial management position with the Pizza Hut division of PepsiCo. As a financial manager of over 300 Pizza Huts in the state of Ohio, Mr. Nolan was responsible for identifying under-performing stores and working with local management to improve their performance as well as developing and implementing plans to eliminate excess operating costs and preparing and executing annual operating and financial budgets.
Mr. Nolan co-authored two articles in the American Banker entitled “The Fight for Survival: Sub-prime Lending, Where to From Here” and “At What Point Are Servicing Rights Born?”
Mr. Nolan holds an M.B.A. in finance from the Wharton School of Business at the University of Pennsylvania and a B.S. in economics from the University of Delaware. He is a member of the American Bankruptcy Institute, the Association of Insolvency & Restructuring Advisors and the International Bankruptcy Association. Mr. Nolan served as treasurer of the Delaware Valley Chapter of Turnaround Management Association. He is a Certified Turnaround Professional.