Gnarus Advisors LLC Names Ronald D. Rudkin, PhD as Director
Consulting industry veteran and developer of ESOVAL® Models for valuing complex instruments and real options brings extensive expertise in energy and public utility sectors
ARLINGTON, VA – December 6, 2011 – Gnarus Advisors LLC (Gnarus), a leading consulting firm specializing in expert analysis, litigation testimony and business advisory, announced today that consulting industry veteran Ronald D. (Ron) Rudkin, PhD, has joined the firm as a Director. Dr. Rudkin will work out of the firm’s Los Angeles and San Francisco offices.
Dr. Rudkin specializes in the application of finance, economics, and statistics to a wide range of litigation issues and consulting problems. He has extensive consulting experience in the energy and public utility sectors with specific expertise in public utility pricing, solving issues associated with restructuring the electric utility industry, and strategic planning. Dr. Rudkin is also an expert in the use of derivative techniques to value complex real assets such as generation units, and to make improved operating and strategic decisions. He also brings to Gnarus extensive expertise in the valuation of non-traded financial instruments, including employee stock options (ESOs), restricted stock, and stock appreciation rights.
Dr. Rudkin is also the developer of the Equity and Stock Option Valuation (ESOVAL®) models. These models are designed to value complex traded (basket and Parsian options), non-traded instruments (swing options) and real options. The ESOVAL® models use state-of-the-art Monte Carlo-simulation methods that are able to value nearly any type of complex instrument or real asset, including those with a large number of uncertain variables (e.g., asset prices) and decisions that can be made repeatedly and at virtually any point in time and complex payoff mechanisms.
The ESOVAL® models are used to help firms in a variety of industries meet their reporting obligations and perform ad hoc studies, such as modification and repricing analyses. They are also used in litigation to value real assets, such as real-estate holding and power plants and to determine damages from lost employee stock options (ESOs) in wrongful termination suits. The models that are used to value instruments awarded in compensation programs have passed reviews and audits by the Big Four accounting firms. In addition, the ESOVAL® models have been shown to produce results that are close to those produced by well-known models in the literature.
“Ron’s vast expertise in the valuation of traded- and non-traded instruments and real options as well as in the energy and public utility sectors allows Gnarus to significantly expand the portfolio of consulting services we currently offer to clients,” said Steve Sellick, Managing Director of Gnarus Advisors LLC. “We’re also extremely pleased to provide clients with access to Ron’s ESOVAL Model, which is highly reliable and can be used to value very complex instruments and real options in a variety litigation settings, including ESOs in employee-related litigation.”
Prior to joining Gnarus, Dr. Rudkin was an Affiliate Expert and Senior Vice President at The Analysis Group. Dr. Rudkin earned a Ph.D. in business administration from the University of Southern California; an M.S. degree in operations management from the University of California, Los Angeles; and a Bachelor of Science degree in production management from California State University, Northridge.
Founded in 2007 by Managing Director Stephen Sellick, Gnarus now has more than 40 highly experienced consultants throughout the country. Gnarus operates from its headquarters in Arlington, and additional offices in Boston, Chicago, Los Angeles, Palo Alto, and San Francisco.
Gnarus has quickly established itself as a leader in the consulting industry. For more information about Gnarus Advisors LLC, the company’s team of experts and consultants, and the scope of consulting services that Gnarus provides, please visit http://gnarusllc.com/.
About Gnarus Advisors LLC
Corporations, government agencies and law firms call upon Gnarus Advisors LLC to take on the challenges that arise from litigation, regulation and other sources of risk and uncertainty. Gnarus combines thorough economic analysis and advanced financial modeling with scientific and technical expertise to provide its clients with the resources and support they need across a wide spectrum of industries and disciplines. Gnarus experts and consultants are adept at solving complex business problems, identifying and mitigating risk, and supporting litigation efforts through in-depth research, analysis and quantitative modeling. The Gnarus team is comprised of hard working, experienced individuals who are recognized as leaders in their fields and bring years of academic, governmental and corporate experience to every client the company advises. For more information, please visit: http://gnarusllc.com/.
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