Heath Gray

Heath Gray is a senior managing director with FTI Consulting, Inc. in New York and specializes in advising public and private companies on large-scale transformations, turnarounds and transactions. He regularly serves in interim executive roles and as a senior advisor to management teams, boards of directors, special committees and private-equity investors. He has extensive experience with complex international restructuring and M&A matters, crisis management and corporate governance, and he has significant industry expertise in media, entertainment, technology and advertising. Mr. Gray works with companies during periods of transformational change, rapid growth and financial distress. He has experience in leading M&A and financing processes, leading or managing operational and financial due-diligence, developing business plans and financial projections, managing cash flow and liquidity, and designing and implementing value-creation and performance-improvement initiatives, often in conjunction with transactions. Mr. Gray has advised companies on buy- and sell-side M&A, out-of-court financing and restructuring processes, bankruptcy cases, IPO readiness, takeover defense and shareholder activism, and he has served in crisis-management roles for companies facing severe liquidity challenges, fraud allegations and investigations by the U.S. Securities and Exchange Commission and the Department of Justice. He also has significant testimony experience as a financial advisor in formal restructuring proceedings. Mr. Gray’s numerous interim-management roles include recently serving as deputy CRO of a leading independent advertising technology company, CFO of Outcome Health, associate CRO for a global ad tech and digital media company and interim vice president of Finance for a venture-backed consumer technology company. Prior to joining FTI Consulting, he worked at Wachtell, Lipton, Rosen & Katz and Merrill Lynch. Mr. Gray received the 12th Annual Emerging Leaders Award from The M&A Advisor in 2021 and the 14th Annual Turnaround Awards, Sec. 363 Sale of the Year from The M&A Advisor in 2020, among other accolades. He is a member of ABI, the Association of Insolvency & Restructuring Advisors (AIRA) and the Turnaround Management Association (TMA). Mr. Gray received his B.A. in public policy from Duke University.