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CRA International Announces Changes to Board Of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Charles River Associates (NASDAQ: CRAI) announced the appointment of Dr. Alva H. Taylor to its Board of Directors, effective August 1, 2022. Dr. Taylor, a professor at the Tuck School of Business, brings expertise in digital strategy and change management. His role includes serving on the Audit and Nominating and Corporate Governance Committees. Concurrently, Nancy Hawthorne has stepped down from the Board to focus on personal commitments. The leadership change follows a period of profitable growth for the consulting firm, indicating a strategic move towards continued success.
Positive
Dr. Alva Taylor's appointment is expected to enhance CRA's strategic direction, particularly in digital strategy and change management.
The company has experienced broad-based profitable growth, indicating strong performance.
Negative
Nancy Hawthorne's departure may create a gap in leadership continuity and experience.
Dr. Alva H. Taylor, Tuck School Professor, Joins Board
Nancy Hawthorne Steps Down from Board
BOSTON--(BUSINESS WIRE)--
Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced that Alva H. Taylor of the Tuck School of Business has been appointed to CRA’s Board of Directors as an independent director, effective August 1, 2022. Dr. Taylor will serve on the Board’s Audit and Nominating and Corporate Governance Committees.
“We are pleased to welcome Dr. Alva Taylor as an independent director to CRA’s Board,” said Paul Maleh, CRA’s Chairman and Chief Executive Officer. “Alva is a recognized expert in the areas of digital strategy and change management, and he is joining us at a time when our firm is stronger than ever before, buoyed by broad-based profitable growth. His insights will help CRA continue on the path to a promising and exciting future for our colleagues, clients, and shareholders alike by drawing on the curiosity, creativity, and commitment to excellence that have made CRA the global leader it is today.”
Dr. Taylor is a professor and the faculty director of the Glassmeyer/McNamee Center for Digital Strategies at the Tuck School of Business at Dartmouth College. The center helps business leaders understand how changes in digital technology impact business strategy and corporate decision making. Dr. Taylor has been recognized for his research in the areas of innovation processes, entrepreneurship, technological change, and strategic decision making in fast-changing environments. His recent work explores the challenges of managing creative groups for sustained innovation and entrepreneurship, and how organizational learning takes place in information-rich environments. He teaches courses on strategy, innovation, and change management in Tuck’s flagship MBA, Executive Education, and Master’s in Health Care Delivery Science programs.
Dr. Taylor has partnered with Google to design and direct the Digital Excellence for Minority Entrepreneurs Executive Education Program. A former consultant himself, Dr. Taylor holds BS and MS degrees in Operations Research and Industrial Engineering from Cornell University, an MBA from Cornell's Johnson Graduate School of Management, and a PhD from Stanford University’s Graduate School of Business.
CRA also announced that Nancy Hawthorne has informed the Company of her plans to step down from CRA’s Board of Directors, effective August 1, 2022, in order to focus on other personal commitments.
“On behalf of our Board of Directors, I would like to thank Nancy Hawthorne for her leadership and valuable insights provided to CRA and the Board,” said Mr. Maleh. “Nancy has served on the Audit Committee as a financial expert and on the Nominating and Corporate Governance Committee over these past eight years, and CRA has benefitted from her advice and counsel throughout. We wish her well in her future endeavors.”
About Charles River Associates (CRA)
Charles River Associates® is a leading global consulting firm specializing in economic, financial, and management consulting services. 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. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook.
Who is Dr. Alva H. Taylor and what role will he play at CRA?
Dr. Alva H. Taylor is a professor at the Tuck School of Business and has joined CRA's Board of Directors as an independent director, effective August 1, 2022.
Why did Nancy Hawthorne step down from CRA's Board?
Nancy Hawthorne stepped down to focus on other personal commitments, effective August 1, 2022.
What committees will Dr. Alva Taylor serve on at CRA?
Dr. Taylor will serve on CRA's Audit and Nominating and Corporate Governance Committees.
What impact might Dr. Taylor's appointment have on CRA?
Dr. Taylor's expertise in digital strategy and change management may help CRA enhance its strategic initiatives and support continued growth.
