Jan Paul Acton, Former CBO Division Chief, Joins Charles River Associates
BOSTON, April 12, 1999 Charles River Associates Incorporated (Nasdaq: CRAI), a leading provider of sophisticated economic, financial, and business consulting services, today announced the appointment of Jan Paul Acton as a vice president in the firms Washington, DC, office.
Dr. Acton comes to CRA from the Congressional Budget Office (CBO), where he served since 1991 as assistant director in charge of the Natural Resources and Commerce Division, the branch responsible for issues in energy, environment, telecommunications, agriculture, international trade, financial institutions, and science policy. Prior to the CBO, he was a senior economist at RAND Corporation for 21 years.
"Jan Acton brings a wealth of experience and knowledge to a number of CRAs established practice areas, including energy and environmental economics, industrial organization and deregulation, health economics, and finance," said James C. Burrows, CRA President and Chief Executive Officer. "He is a highly skilled economic analyst whose extensive experience in legislative and regulatory proceedings will be of enormous value to CRA clients. We expect Jan will contribute immediately to our legal and regulatory work, particularly in the energy and utilities industries and the environmental sector."
As a division chief at the CBO, Dr. Acton participated in analysis of the Superfund program, mining law reform, and thrift failures, among other projects. He also presented testimony on behalf of the CBO to congressional committees on a number of issues, including automated teller machine surcharging, trade legislation, and oil reserve policy, as well as on several environmental policy issues. He has given expert testimony in the United States and Canada on electricity and gas pricing issues.
Dr. Acton received his Ph.D. in economics from Harvard University.
CRA is a leading provider of sophisticated economic and financial consulting services, expert testimony and litigation support, and business consulting. The firms areas of expertise include antitrust, mergers and acquisitions, policy impact assessment, 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 since its founding in 1965.
Statements in this press release concerning the future business, operating results, and financial condition of the Company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon managements 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 Companys financial results are included in the Companys filings with the Securities and Exchange Commission.