Charles River Associates Names Michael J. Tubridy Chief Financial Officer; With a Strong Financial Background, Mr. Tubridy Brings a Wealth of Experience To CRA

Business Wire, Sept 11, 2001

Business Editors

BOSTON--(BUSINESS WIRE)--Sept. 11, 2001

Charles River Associates Incorporated ("CRA") (Nasdaq: CRAI), an internationally known leader in providing economic, financial, and management consulting services, today announced that Michael J. Tubridy will join the firm as Chief Financial Officer.

Mr. Tubridy has served as Chief Financial Officer at Viant Corporation, an Internet professional services firm. He guided Viant through its initial and secondary public offerings, which raised more than $180 million. Previously, as CFO of Physiometrix Inc., a medical device company, Mr. Tubridy completed an initial public offering that raised $22 million and helped orchestrate the firm's move from California to Massachusetts.

"After a thorough search, I am very pleased that Michael Tubridy has joined CRA," stated James C. Burrows, CRA president and CEO. "His strong financial acumen and considerable experience with growing public companies will greatly enhance CRA's efforts to realize its growth objectives and capitalize on our recent and continuing market expansion."

Mr. Tubridy's experience spans all aspects of financial administration, treasury, legal, and contract functions, including the implementation of state-of-the-art financial and operational systems. He also has considerable expertise in negotiating client service contracts, bank credit facilities, and real estate leases.

Prior to his positions at Viant and Physiometrix, Mr. Tubridy held the position of Corporate Controller for both Octocom Systems, Inc., and Genzyme Corporation, directing the accounting, tax, and treasury functions at both firms. He currently serves as a general partner and managing member of Cypress Point Partners, LLC, an investment and mentor capital firm for early-stage technology companies.

About CRA

Founded in 1965, CRA, an economics, finance, and business consulting firm, 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. In thousands of engagements, CRA has distinguished itself by its 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 London, Melbourne, Mexico City, Toronto, and Wellington, CRA also has U.S. offices in Berkeley/Oakland, College Station, Los Angeles, Palo Alto, Salt Lake City, and Washington, D.C. More information about the Company can be found on its Web site at www.crai.com.

Statements in this press release concerning the addition of Michael J. Tubridy as CFO are "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, integration of new personnel, 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 the Company's financial results is included in the Company's filings with the Securities and Exchange Commission.