News Release Details

Charles River Associates Hires Two Vice Presidents in Boston Office

September 15, 2000

J. Phillip Cooper Is a Corporate Development Specialist
Hans van Doesburg Is a Chemicals/Energy Industry Strategist

BOSTON, September 15, 2000 — Charles River Associates Incorporated (NASDAQ: CRAI), an internationally known leader in providing economic, financial, and management consulting services, announced today that J. Phillip Cooper and Hans van Doesburg have joined the firm as vice presidents.

"The addition of Phil and Hans is a significant achievement for CRA," stated James C. Burrows, CRA president and CEO. "Both bring a wealth of experience to the firm and will contribute greatly to both corporate development strategy at CRA and our Energy and Chemicals practices."

J. Phillip Cooper joins CRA’s Boston headquarters, where his principal focus will be on developing new business initiatives and facilitating corporate acquisitions. As an independent consultant for the past six years, Dr. Cooper assumed a leadership role in a number of entrepreneurial and change-management business ventures. He was particularly active in various e-commerce business segments, both domestically and overseas, as well as in information industry services, packaged software, and financial services.

Dr. Cooper also served as a consultant to companies in the data provision and banking services industries as a former partner in e-VIP, Inc., an entrepreneurial ventures firm. He holds a Ph.D. in Economics and Finance from M.I.T. and a B.Com. in Commerce and Finance from the University of Toronto.

Also joining CRA in its Boston headquarters is Hans van Doesburg as Vice President in the firm’s Energy and Chemicals practices. A seasoned expert in corporate and business strategies, Dr. van Doesburg will consult to companies in the chemicals and oil & gas industries regarding corporate and business strategy development, e-commerce strategy, operations, and mergers and acquisitions. In the chemical industry, his expertise covers petrochemicals, commodities, specialty chemicals, life sciences, and advanced materials. In energy, he has worked in exploration and production, refining, pipelines, and unconventional raw materials. Dr. van Doesburg’s international experience includes consulting engagements with clients in the United States, Europe, and Southeast Asia, providing him with an extensive network of contacts.

Prior to joining CRA, Dr. van Doesburg held a number of senior leadership positions in other well-known consulting firms, where he specialized in strategic planning, privatization, and integration strategies for multinational companies in the chemicals, energy, and pharmaceuticals industries. Dr. van Doesburg is the author of numerous articles and speeches on technological and business issues. He holds a MSc. and Ph.D. in Chemical Engineering from the University of Technology in Delft, The Netherlands.

Founded in 1965, CRA is a leading provider of sophisticated economic and financial consulting services, expert testimony and litigation support, and business consulting. The firm’s areas of expertise include auctions, antitrust, mergers and acquisitions, policy impact assessments, corporate finance, strategy and business operations, and regulatory economics. CRA has advised legal and corporate clients, government agencies, and other organizations in thousands of engagements. In addition to its corporate headquarters in Boston, CRA has U.S. offices in Berkeley/Oakland, Los Angeles, Palo Alto, and Washington, DC, as well as international offices in London, Mexico City, and Toronto. More information about the Company can be found on its Web site at www.crai.com.

Statements in this press release concerning the future business of the Company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such 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, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on these and other potential factors that could affect the Company’s financial results are included in the Company’s filings with the Securities and Exchange Commission.

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