Promotions Add Senior-Level Expertise to Life Sciences and Marakon/Value Management Practices
BOSTON Apr 22, 2010 (BUSINESS WIRE)-- Charles River Associates (Nasdaq: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced the promotion of two consultants to Vice President—Rhett Johnson in the Life Sciences Practice and Andrew Macpherson in the Marakon/Value Management Practice.
"We congratulate Rhett Johnson and Andrew Macpherson who have demonstrated exceptional talent in providing valuable expertise to clients, leading effective client project teams, and building new business," said CRA's President and Chief Executive Officer Paul Maleh. "Both our clients and CRA will continue to benefit from their knowledge, experience, and leadership in the years ahead."
Rhett Johnson has more than 11 years of consulting experience and specializes in the economics of health care markets. In business consulting engagements, Mr. Johnson helps clients in life sciences industries develop sustainable and profitable product and portfolio strategies. His extensive strategy consulting experience includes pricing, managed markets, global market access, product and portfolio positioning, competitor analysis, and market research. Other work has included antitrust, litigation support, and policy analysis, primarily in the healthcare industry. He holds a BA degree in Economics from Brigham Young University, and a MA degree in Economics from the University of Chicago. Mr. Johnson joined CRA in 1998 as an Associate. He is based in CRA's Boston office.
Andrew Macpherson has more than 12 years of consulting and advisory experience with large corporations in banking, insurance, engineering, and consumer products industries in the UK, Europe, and North America. Mr. Macpherson has led projects focusing on corporate and business unit strategy, implementation planning and execution, and organic growth opportunities, including new business launches and operational performance improvement programs. He holds a BA degree in Engineering from Pembroke College, Cambridge, and a Postgraduate Diploma in Design, Manufacture and Management from the University of Cambridge. Mr. Macpherson joined CRA in June 2009 as part of CRA's acquisition of Marakon. He is based in CRA's London office.
About Charles River Associates (CRA)
Charles River Associates(R) is a global consulting firm specializing in litigation, regulatory, and financial consulting, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout North America, Europe, the Middle East, and Asia. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://crai.com.
Statements in this press release concerning Mr. Rhett Johnson, Mr. Andrew Macpherson, future business, operating results, estimated cost savings, and the financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," or similar expressions, are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain and actual performance and results may differ materially due to many important factors. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, the Company's restructuring costs and attributable annual cost savings, changes in the Company's effective tax rate, share dilution from the Company's convertible debt offering and stock-based compensation, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, utilization rates, factors related to its acquisitions, including integration of personnel, clients, offices, and unanticipated expenses and liabilities, the risk of impairment write downs to the Company's intangible assets, including goodwill, if the Company's enterprise value declines below certain levels, risks associated with acquisitions it may make in the future, risks inherent in international operations, the performance of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect its practice areas, management of new offices, the potential loss of clients, the ability of customers to terminate the Company's engagements on short notice, dependence on the growth of the Company's business consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, general economic conditions, intense competition, risks inherent in litigation, and professional liability. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's periodic filings with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of its forward-looking statements after the date of this press release.
SOURCE: Charles River Associates
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