Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced the promotion of three consultants to vice president: Jeffrey Prisbrey in the Competition/Antitrust Practice; Christopher Russo in the Energy & Environment Practice; and Kimberley Train in the Financial Accounting & Valuation Practice. “It is a pleasure to recognize the talents and accomplishments of these three individuals by naming them as CRA’s newest vice presidents,” said CRA's President and Chief Executive Officer Paul Maleh. “They have distinguished themselves at CRA as leaders in delivering excellent advice, service, and technical skill to our clients, and to advising clients on strategically important and influential challenges. In addition, they are exemplary team players and universally valued by their colleagues and co-workers. On behalf of everyone at CRA, we congratulate them on this exciting advancement in their careers.” Additional information about the new vice presidents follows. Competition/AntitrustVice President Jeffrey Prisbrey has extensive experience providing competition and regulatory analyses across a variety of industries, including airlines, advertising, agriculture, computer software, debit cards, defense industries, event ticketing and concert promotion, food and beverages, healthcare, music programming, pharmaceuticals, rental cars, and telecommunications. He has conducted merger reviews and merger simulations as well as analyses of coordinated effects and collusion claims, class certification, monopolization via exclusive contracts, resale price maintenance, IP use and valuation in contract negotiations, network access pricing, and damages resulting from antitrust violations. Dr. Prisbrey has consulted both in the United States and abroad. He has testified in a variety of matters and has been published in leading economic journals including The American Economic Review and The Journal of Public Economics. Prior to joining CRA, he was a vice president with Competition Policy Associates, and previously held positions as a senior economist in the US Department of Justice’s Antitrust Division and in the US Federal Communications Commission. He was also a visiting professor at the University of Virginia and the Universitat Pompeu Fabra (in Barcelona) where he taught undergraduate and graduate courses in bargaining theory and other areas of economics. Dr. Prisbrey holds a PhD degree in Social Sciences from the California Institute of Technology and a BA degree in Economics from the University of Massachusetts, Amherst, where he was a Commonwealth Scholar. Energy & EnvironmentVice President Christopher Russo advises domestic and international clients in the electricity and gas industries in the areas of investment strategy and economic analysis, asset valuation, energy technology, and generation and transmission development. His experience covers electricity and gas markets in North America, Europe, and the Middle East, where he uses an analytic approach to assist clients in developing strategies for electricity and gas markets. Prior to joining CRA, Mr. Russo was a senior consultant with Cambridge Energy Research Associates in Paris, and prior to that, owned an energy consulting firm and held positions with ABB Corporate Research. He started his career at the Massachusetts Institute of Technology (MIT) as the plant engineer for the campus cogeneration plant, and later held an academic appointment as a visiting scientist at the MIT Energy Laboratory. Mr. Russo holds a BS degree in Mechanical Engineering from Tufts University and an SM degree in Technology and Policy from the Massachusetts Institute of Technology. Financial Accounting & ValuationVice President Kimberley Trainhas over 15 years of financial advisory experience in dispute and investigative matters, including expertise in forensic accounting, damages, valuation, and corporate finance. Her demonstrated leadership, teamwork, and project management capabilities provide a strong track record in managing large, complex engagements. She advises clients across a wide range of industries and geographic regions. Prior to joining CRA, Ms. Train was a senior manager at Ernst & Young LLP where she worked on finance and accounting engagements in the investigative and dispute services practice. Ms. Train is a member of The Boston Club and has served on the Finance Committee of the YWCA-Boston. She earned an MS degree in Finance from the Carroll Graduate School of Management at Boston College and a BS degree in Business from Babson College. Ms. Train is a certified public accountant in the Commonwealth of Massachusetts and a member of the American Institute of Certified Public Accountants (AICPA). She also completed the American Institute of Certified Public Accountants’ business valuation accreditation program (ABV). About Charles River Associates (CRA) Charles River Associates® is a global consulting firm specializing in litigation, regulatory, and financial consulting, 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 North America, Europe, the Middle East, and Asia. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com.
Shares of CRA International (Nasdaq:CRAI) have taken a tremendous swing upward. The stock is trading at $24.92 as of 11:21 a.m. ET, 23.4% above Wednesday's closing price of $20.19. Volume is at 20,984, 0.5 times the daily average of 40,100.