Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that energy expert Loretta Cross has joined the firm as a vice president in the Energy & Environment Practice in Houston. Joining along with Ms. Cross to create a Houston-based energy restructuring team for the firm are Principals Rob Moore and Vernon Jones and Associate Principal John Baumgartner, all from Grant Thornton LLP. They join others in Houston, including new vice president and international arbitration expert Laura Hardin (announced on July 23, 2012), who are helping to establish a new presence for the firm in that market. “It is a pleasure to welcome Loretta Cross and this energy restructuring team to CRA,” said CRA's President and Chief Executive Officer Paul Maleh. “Loretta’s leadership in the corporate restructuring field has been instrumental to some of the nation’s largest energy companies. Her experience, combined with the practical knowledge and expertise of Rob Moore, Vernon Jones, and John Baumgartner, provides a comprehensive capability focused on assisting organizations in the energy sector with corporate strategic, operational, and financial restructuring challenges.” Additional information about them follows. Loretta Cross Vice President Loretta Cross has more than 25 years of experience in corporate strategy, operational improvement, litigation support, financial consulting, and restructuring. She is a recognized expert in the energy industry, and her experience includes all areas of the BTU value chain from exploration and production to consumption. She advises businesses from privately-held companies to large international enterprises and has worked with exploration and production companies, oilfield services companies, power generation companies, pipelines, refineries, and retail energy providers, among others. Her specialties include: debt restructuring; business valuation; financial forecasting; forensic analysis; regulatory compliance; litigation support; commercial litigation; damage calculations; and bankruptcy. Ms. Cross has been a key business advisor to parties in some of the nation’s largest bankruptcies and restructurings and she has provided expert testimony in numerous courts across the United States. In addition, she has made dozens of presentations and written numerous publications about restructuring and valuation.
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.