Energy Services Specialist Stanley Garnett Joins CRA International as a Senior Consultant; Former Electric Utility Senior Executive Offers Wealth of Diverse Experience
BOSTON--(BUSINESS WIRE)--Aug. 10, 2005--CRA International (NASDAQ: CRAI), a globally known leader in providing economic, financial, and management consulting services, today announced that Stanley I. Garnett, II, has joined CRA as a Senior Consultant in the firm's Energy & Environment practice.
Currently, Mr. Garnett leads Garnett Consulting Group, Inc., which provides expert consulting services to the energy sector, and also serves as an independent energy consultant. Previously, he was a Partner with PA Consulting Group, a leading management, systems, and technology consulting firm, and served as a senior member of its energy practice from 1998 to 2004. Prior to PA Consulting, Mr. Garnett served as executive vice president of Florida Progress Corporation (FPC), a public utility company engaged in the generation, purchase, transmission, distribution, and sale of electricity primarily within Florida. At the company, he was responsible for the firm's financial, legal, human relations, corporate development, and merger & acquisition staff. Mr. Garnett also served as senior vice president and chief financial officer from 1981 to 1995 at Allegheny Power System, Inc., a utility holding company. While at APS, Mr. Garnett was responsible for planning, implementing, and supervising the financial structure and activities of the company's $5 billion electricity system. In addition, he managed the company's M&A strategy, the operations of its legal and investment banking departments, and the activities of APS's consultants. Mr. Garnett was the company's principal contact for most federal legislative and regulatory matters.
In announcing Mr. Garnett's affiliation with the firm, James C. Burrows, President and CEO of CRA International, said, "Throughout his career, Stan has demonstrated a powerful business acumen and has attained a highly regarded reputation for his work and expertise in the energy and environmental sectors. As CRA International continues to deepen and expand its energy consultancy offerings around the globe, we look forward to Stan's contributions in this area."
Mr. Garnett began his career as an associate at Milbank, Tweed, Hadley & McCloy where he was active in an array of legal engagements and focused on electric utility matters. He holds a J.D. from the New York University School of Law as well as an M.B.A. in International Business from the Wharton Graduate School of Commerce and Finance. He earned his B.A. in Business Administration from Colby College.
About CRA International
Founded in 1965, CRA International is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulatory support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. The firm is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights. In addition to its corporate headquarters in Boston and international offices in Brussels, Canberra, Dubai, Hong Kong, London, Melbourne, Mexico City, Sydney, Toronto, and Wellington, CRA also has U.S. offices in Cambridge, Chicago, College Station, Dallas, Houston, New York, Oakland, Pasadena, Philadelphia, Salt Lake City, Silicon Valley, and Washington, D.C. Detailed information about CRA can be found at www.crai.com.
Statements in this press release concerning CRA's affiliation with Stanley Garnett may be considered "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on 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. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, acquisition costs, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect CRA's financial results is included in the Company's filings with the Securities and Exchange Commission.
CONTACT: CRA International, Inc.
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SOURCE: CRA International, Inc.