Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Bob Broxson has joined the firm as a vice president in the Energy & Environment Practice based in Houston. Mr. Broxson specializes in commercial and strategic advice to clients in the natural gas, refining, and power trading sectors. “Bob Broxson brings an expansive knowledge of the issues and challenges facing energy market participants,” said CRA's President and Chief Executive Officer Paul Maleh. “His 30 years of energy industry experience have been primarily focused on natural gas procurement, sales, transportation, and trading, and include consulting and expert testifying roles. In addition, he has held senior positions with major energy merchants and led trading organizations. It is a pleasure to welcome him to CRA and the Energy & Environment team.” Mr. Broxson’s areas of specialty include expert testimony in natural gas and energy commodity contract disputes and trading-related matters as well as consulting on trading policies, project development, trade book valuation, acquisition due diligence, and corporate governance issues, including policies and procedures, trading practices, fraud detection, and credit and trading policies. He has performed extensive risk and credit investigations for utility and trading firms in the United States, Canada, and Europe, helping clients validate conformance with internal trading and risk policies and correcting areas of non-compliance. In addition, Mr. Broxson has provided project evaluation, development, and marketing services for strategic midstream asset projects in the Northeast United States. Mr. Broxson joins CRA from FTI Consulting where he was a Managing Director in the Oil and Gas Energy Practice. Prior to that, he was a consultant with Incite Strategy Development where he advised power and gas utilities in such areas as risk allocation and reporting, asset utilization strategies, investment strategies, market assessment, acquisition due diligence, and contract negotiations. He has served as: Senior Vice President, Structured Sales, with Koch Energy Services where he oversaw Koch’s investment in IMDST, a storage and transportation optimization company; Vice President with Engage Energy where he held market development and business development roles; and Vice President, Marketing, Supply and Trading, with Natural Gas Clearinghouse where he was part of the founding management team of Novagas Clearinghouse, a joint venture marketing and trading company in Calgary, Alberta. Mr. Broxson is a former board member of the National Energy Services Association (NESA) and the Houston Energy Association. He holds an MBA degree from the C.T. Bauer College of Business, University of Houston, and a Bachelor of Business Administration degree in Management from Evangel University.
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.