Informationweek FTDs CTO Powell on Transforming and the Next New Normal One year after joining the 110-year-old company, Powell talks about the floral ecommerce retailer's revamp of its infrastructure. With his first year under his belt as CTO of wire service and wholesaler FTD, Matt Powell is looking at more than just a post-pandemic future. FTD weathered its share of challenges before COVID-19 struck. The company filed for chapter 11 bankruptcy protection in 2019, which led to a restructuring with Nexus Capital Management purchasing FTD’s North American and Latin American flower delivery operations to form FTD LLC. The restructuring also saw FTD shed two of its subsidiaries, putting its focus squarely on floral delivery.