BOSTON--(BUSINESS WIRE)--
Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced that Robert A. Whitman has been appointed to CRA’s Board of Directors effective May 3, 2017. Mr. Whitman is currently serving as Chairman and Chief Executive Officer of FranklinCovey, a global professional services and content company specializing in organizational performance improvement.
Mr. Whitman is a successful business leader who brings more than 30 years of experience leading both operating businesses, and finance and private equity investment firms to CRA. During his career, he has been involved with the formation of many successful companies and ventures in industries including professional services, lodging, senior housing, and real estate-related private equity investing.
“Bob is an accomplished executive with a proven track record of managing growing enterprises,” said CRA’s Chairman of the Board Rowland T. Moriarty. “His real-world experience in diverse industries makes him an excellent choice as we continue to focus on expanding our core practices. Bob is a valuable addition to CRA’s Board and we look forward to his contributions.”
“I am honored to join the Board of Charles River Associates,” added Mr. Whitman. “CRA has been an industry leader for decades, and I look forward to contributing to the growth and success of the Company.”
As Chairman and Chief Executive Officer of FranklinCovey, Mr. Whitman has led the transformation of the company from one primarily focused on time management and planner sales, to one of the leading content and professional services firms in the performance-improvement industry. He is also co-founder and Managing Partner of Whitman Peterson, a private equity investment firm specializing in real estate and real estate-related investments. Prior to his role at FranklinCovey as Chief Executive Officer, Mr. Whitman served as the firm’s Chairman of the Board. Previously, he had served as President and Co-Chief Executive Officer of the Hampstead Group, a private equity investment firm based in Dallas, Texas. Prior to that, he served as one of four managing partners, as a member of both the Board of Directors and Executive Committee, and as Chief Financial Officer of the Trammell Crow Group and Trammell Crow Company, one of the country’s largest real estate development, investment, and operations companies. Mr. Whitman received his BA in Finance from the University of Utah and his MBA from Harvard Business School.
About Charles River Associates (CRA)
Charles River
Associates® is a global consulting firm specializing in economic,
financial, and management consulting services. 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 the world. Detailed
information about Charles River Associates, a registered trade name of
CRA International, Inc., is available at www.crai.com.
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Forward-Looking Statements
Statements in this press release
concerning the contributions from Robert Whitman to CRA’s Board of
Directors, the future business, operating results, and financial
condition of the Company, including the continuation of the Company’s
focus on expanding its core practices, and statements using the terms
“look forward” or similar expressions are "forward-looking" statements
as defined in the Private Securities Litigation Reform Act of 1995.
These statements are based upon the Company’s current expectations and
various underlying assumptions. Although the Company believes there is a
reasonable basis for these statements and assumptions, and these
statements are expressed in good faith, these statements are subject to
a number of additional factors and uncertainties. The Company’s actual
performance and results may differ materially from the performance and
results contained or implied by the other forward-looking statements
made herein, due to many important factors. These factors include, but
are not limited to, the possibility that the demand for our services may
decline as a result of changes in general and industry specific economic
conditions, the timing of engagements for our services, the effects of
competitive services and pricing, our ability to attract and retain key
employee or non-employee experts; the impact of a quarterly dividend
and/or the failure to declare future dividends; the inability to
integrate and utilize existing consultants and personnel; global
economic conditions including less stable political and economic
environments; foreign exchange rate fluctuations; unanticipated expenses
and liabilities; risks inherent in international operations; changes in
accounting standards, rules, and regulations; our ability to collect on
forgivable loans should any become due; and professional and other legal
liability.
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