Rick Funston Biography

Rick is the Managing Partner of Funston Advisory Services LLC focusing on the interrelationship between governance, strategy and risk intelligence. In 2001, he created the concept of risk intelligence for both value creation and value protection. He is a frequent public speaker, both domestically and internationally, and he is the principal author of “Surviving and Thriving in Uncertainty: Creating The Risk Intelligent Enterprise™” published by John Wiley & Sons in April, 2010.

Rick retired from Deloitte & Touche LLP in May 2010. Prior to his retirement, he was the National Practice leader for Deloitte’s Governance and Risk Oversight Services. In that capacity, he served many of Deloitte’s largest domestic and global clients and was responsible for the thought leadership that currently underpins Deloitte’s global pre-eminent position in risk intelligence.

Rick has over forty years experience in both not-for-profit and for-profit sectors. Before joining Deloitte, Rick was the CEO of Continuous Improvement Services Inc. He began his career in the public sector consulting on strategy and operations, organization and leadership development, performance management, program evaluation and survey research. Rick is writing a new book “Shift Happens: How to Win at Business Model Warfare” for publication in 2015.

His extensive public sector experience includes, for example, health, transportation, social services, law enforcement, child protection and labor at the local, provincial/state and federal levels. In the private sector, he has worked with small, mid and large cap companies across a broad range of industries including aerospace and defense, automotive, health, financial services, energy and utilities, consumer business, telecommunications and technology.

In both public and private sectors, he consults with boards of directors and senior executives on strategy and means to improve decision-making for sustainable stakeholder value and competitive advantage through better risk intelligence, oversight and governance.

Rick was recently a Special Advisor to the newly established Risk Institute of Fisher College at the Ohio State University. Rick has been a guest lecturer at the Yale School of Business and at Princeton University. Between 2009-2011 he served on the Board of Visitors for the Oakland University School of Business Administration and is an Adjunct Professor for the executive MBA program. He has a Bachelor of Arts from York University in Toronto, Canada and an M.S.W. from Tulane University in New Orleans.