Consultants Expand CRA's Offerings in Antitrust & Competition Economics, Life Sciences, Oil & Gas, and Transfer Pricing
BOSTON--(BUSINESS WIRE)--May. 22, 2009-- CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced the expansion of its capabilities with the addition of three new vice presidents and two senior consultants. These individuals strengthen the firm’s offerings in the areas of Antitrust & Competition Economics, Life Sciences, Oil & Gas, and Transfer Pricing.
“These consultants are thought leaders and widely respected in their fields,” said CRA’s President and Chief Executive Officer James C. Burrows. “Collectively, they are indicative of the high level of expertise and experience that resides within our organization. These individuals bring to CRA a wealth of consulting, industry and academic expertise, and expand our capabilities across a range of areas. We are also pleased to note that one of the vice presidents is rejoining CRA after gaining additional experience in his respective field.”
The new consultants are as follows:
Antitrust & Competition Economics
Dr. William Fitzsimmons,
Senior Consultant, has more than 20 years of telecommunications litigation and regulatory experience. He has provided expert testimony in dozens of telecommunications litigation and regulatory proceedings. His experience includes the analyses of competitive entry and expansion, forward-looking cost models, intercarrier compensation, claims of financial damages, tax policies in the presence of competition, the impacts of public investments on competitive conditions, and conditions for accessing public rights-of-way. Dr. Fitzsimmons is a former managing director of LECG’s Global Telecommunications Practice. Prior to that, he conducted econometric modeling for AT&T and financial modeling for BellSouth, providing financial input for major investment and public policy decisions. Dr. Fitzsimmons holds PhD and MS degrees in Resource Economics from University of Massachusetts, Amherst, and a BS degree in Economics from State University of New York at Stony Brook. Dr. Fitzsimmons is based in CRA’s Oakland office.
Dr. Robert Maness,
Vice President, has extensive experience with large-scale antitrust litigation and merger analysis as well as matters involving intellectual property, transfer pricing, and commercial damages. He has testified as an expert in antitrust matters, intellectual property matters, and commercial litigation in both federal and state district courts. Dr. Maness has consulted on numerous mergers, providing support and analysis for presentation to the Federal Trade Commission and the Department of Justice as part of their merger review process. He has experience in a wide range of industries, including pharmaceuticals, healthcare, telecommunications, energy, chemicals, and computer software. Dr. Maness is also a visiting associate professor at Texas A&M University, where he teaches antitrust economics, industrial organization, financial economics, and managerial economics, among other courses. Dr. Maness holds a PhD degree from Texas A&M University and a BS degree from Louisiana State University. He is based in CRA’s College Station office.
Life Sciences
Max Senechal,
Vice President, focuses on the development of business strategies, operations improvement projects, and due-diligence engagements within life sciences companies. In addition, he has extensive experience consulting in general process industries, including commodity, specialty, and fine chemicals. Prior to rejoining CRA, Mr. Senechal was Chief Operating Officer with Boston Analytics, a business research and analytics firm, and before his initial eight-year tenure at CRA, he was a senior manager at Arthur D. Little, Inc., based in Paris, France, and Cambridge, MA. Before he started his consulting career, he was a project engineer and supervised the design, construction, and start-up of industrial facilities in several industries, including pharmaceuticals and specialty and fine chemicals. He holds an MBA degree in Business Administration from the University of Massachusetts, Boston, and a BS degree in Mechanical Engineering from Laval University. He is based in CRA’s Boston office.
Oil & Gas
Nigel Godley,
Senior Consultant, has spent his entire career as a management consultant in the international oil and gas industries. He has focused on developing financial, economic, and organizational strategies for both companies and governments to help them maximize the value of oil and gas resources and operations. Mr. Godley has worked for clients in the Middle East, Africa, Asia, Latin America, Europe, and the United States. His consulting assignments have covered the major components of the oil and gas value chain, from resource exploration and development through transportation and refining to product marketing. He has led assignments addressing upstream fiscal terms, resource valuation and pricing, natural gas (including LNG) project feasibility and contractual terms, the economics of refinery modification, and the economics of transportation alternatives for oil and gas resources. He has also focused on corporate strategic and organizational development. From 1969 to 2002, Mr. Godley consulted for Arthur D. Little; he led their Global Energy Practice from 1996 to 2002. Before affiliating with CRA, Mr. Godley was at Hess Corporation from 2002 to 2008 where, as a senior strategy consultant, he helped develop and implement an innovative corporate strategic planning process and capabilities. He is based in CRA’s Boston office.
Transfer Pricing
Dr. John Brown,
Vice President, has analyzed economic aspects of international and domestic intercompany pricing matters in scores of cases across many industries, including telecommunications, computer and chemicals manufacturing, and distribution of all kinds. Dr. Brown also has extensive economic litigation consulting experience. He has provided economic support and testified as an expert witness in damage, antitrust, product liability and other cases calling for economic expertise. He is widely published on a range of topics, mainly in law and economics. Prior to his work in transfer pricing, Dr. Brown was a professor of economics at Brown University and a professor of law and economics at the Cornell Law School. He was also the assistant director for consumer protection in the Bureau of Economics at the Federal Trade Commission and later, a private consultant in the economics of law and regulation. He was a post-doctoral fellow at the University of Chicago Law School and holds a PhD degree in Economics from the University of California, Berkeley and a BA degree in Economics from Harvard University. Dr. Brown is based in CRA’s New York City office.
About CRA International
Founded in 1965, CRA International is a leading global consulting firm that offers economic, financial and business management expertise to major law firms, businesses, accounting firms and governments. CRA's consultants combine uncommon analytical rigor with practical experience and in-depth understanding of industries and markets. CRA is adept at handling critical, tough assignments with high-stakes outcomes. CRA's analytical strength enables it to reach objective, factual conclusions that help clients make important business and policy decisions and resolve critical disputes. Headquartered in Boston, CRA has offices throughout North America, Europe, the Middle East and Asia. Detailed information about CRA is available at http://www.crai.com.
Statements in this press release concerning the expected use of the expertise of John Brown, William Fitzsimmons, Nigel Godley, Robert Maness, and Max Senechal, the future business, operating results, estimated cost savings, and 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 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: CRA International, Inc.
CRA International, Inc.
Andrea Goodman, 617-425-3333
Director of Communications
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Jim Buckley, 617-542-5300
Executive Vice President