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Distinguished Oil and Gas Industry Leader Joins Marakon Management Consulting at Charles River Associates (CRA)

Don Painter Accelerates The Build Out of Marakon’s Offering in the Oil and Gas Sector

BOSTON--(BUSINESS WIRE)--Aug. 6, 2015-- Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced that Don Painter has joined Marakon, a management consulting practice at CRA. Mr. Painter has more than 30 years of experience in the oil and gas sector, especially related to operations capability and performance transformation. His extensive international experience includes advising all of the leading oil and gas industry super major international oil companies (IOCs), the world’s largest national oil companies (NOCs), leading oilfield services and equipment (OFSE) companies, and more than 35 leading IOCs and international chemical companies (ICCs).

“As we identify strategic opportunities to grow Marakon’s management consulting offering, Don Painter is an excellent addition to help drive the core sector offering in oil and gas,” said CRA's President and Chief Executive Officer Paul Maleh.

Marakon Leader Mason Kissell added, “Don Painter brings deep knowledge of the oil and gas sector, extensive international experience, and a track record of advising businesses on both strategic and operational priorities. We are excited to welcome him to the team.”

Mr. Painter said, “Marakon has a strong heritage and reputation for quality and integrity in management consulting, and I’m excited about the opportunity to contribute in building this practice and accelerating our growth in the oil and gas sector.”

Mr. Painter’s experience spans business, market entry, and operating strategy development and execution, restructuring, and performance transformation programs in leadership, business architecture, and program implementation roles. His areas of oil and gas functional expertise include asset development, field and facilities production operations, well delivery and work over, asset integrity, maintenance and reliability, capital efficiency, and project risk management, as well as direct and indirect supply chain and logistics optimization in both the upstream and downstream segments.

Most recently, he was a senior member of McKinsey & Company’s Global Oil and Gas practice, as well as its Global Asset Productivity, Capital Productivity, and Business Technology service lines. His industry career also includes leadership roles in operations and business planning at Exxon Mobil, as well as client and practice development leadership roles within the Global Energy, Chemicals, Utilities, and Materials practices at Accenture, PricewaterhouseCoopers, and Schlumberger.

Mr. Painter’s academic background includes a Bachelor of Mechanical and Nuclear Engineering degree from the Georgia Institute of Technology and MBA studies from the University of Houston. He is an active member of several professional associations, including the Society of Petroleum Engineers and the American Society of Mechanical Engineers.

About Marakon

Marakon specializes in strategy and helping CEOs and their leadership teams achieve winning performance and stronger organizations. Marakon has been working with business leaders for more than 30 years and has built a reputation for working with a client portfolio that has consistently outperformed its peers. Its consulting teams combine deep sector experience and functional knowledge. Marakon’s approach is underpinned by value creation as the common denominator for decision making, a rigorous process based on a deep set of facts, and the assessment of alternative strategies as a mechanism to build leadership team commitment to the best path forward. More information is available at http://www.marakon.com and on LinkedIn.

About Charles River Associates (CRA)

Charles River Associates® is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. 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 and is celebrating its 50th year anniversary in 2015. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com. Follow us on LinkedIn, Twitter, and Facebook.

Statements in this press release concerning the role of Don Painter, the Company’s and Marakon’s management consulting offering, any future business Don Painter may generate for the Company or Marakon, the future business, operating results, and financial condition of the Company and statements using the terms "accelerates," “build out,” "anticipates," "believes," "expects," "should," "prospects," "target," or similar expressions are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These 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 performance or results to differ materially from any forward-looking statements made by the Company include, among others, the failure to generate engagements for us; dependence on the growth of our management consulting practice; the potential loss of clients; the demand environment; global economic conditions; foreign exchange rate fluctuations; and intense competition, as well as other potential factors that could affect our financial results are included in our periodic filings with the Securities and Exchange Commission, including risks under the heading “Risk Factors.” We cannot guarantee any future results, levels of activity, performance or achievement. We undertake no obligation to update any forward-looking statements after the date of this press release, and we do not intend to do so.

Source: Charles River Associates

Charles River Associates
Andrea Goodman, 617-425-3333
Director of Communications and Investor Relations
or
Sharon Merrill Associates, Inc.
Jamie Bernard, 617-542-5300
Senior Associate



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