Charles River Associates (CRA) Appoints New Board Director and Announces Upcoming Changes to Committee Chairs
January 03 2024 - 7:30AM
Business Wire
Karen C. Keenan to Join Board and Audit
Committee
Christine Detrick to Chair Nominating and
Corporate Governance Committee
Richard Booth to Chair Audit Committee
Heather Tookes to Chair Compensation
Committee
Charles River Associates (NASDAQ: CRAI), a worldwide leader in
providing economic, financial, and management consulting services,
today announced a number of changes for the Company’s Board of
Directors, including the appointment of Karen C. Keenan as an
independent Director and member of the Board’s Audit Committee,
effective January 8, 2024.
“Karen is a highly accomplished financial services executive and
I am delighted to welcome her to CRA’s Board of Directors,” said
Paul Maleh, CRA’s President, Chief Executive Officer and Chair of
the Board. “Her 35-year career has included leadership roles in
finance and controls, risk management, regulatory compliance, and
business management. Karen’s financial acumen and wealth of
business experience will be a great asset to the board at a time
when we see numerous growth opportunities across the markets we
serve.”
Keenan previously worked at State Street Corporation for 13
years, rising through the bank’s Global Markets Division, which
provides investment research and trading services to institutional
investors. From 2016 until her retirement in 2020, she served as
State Street’s chief administrative officer. Before joining State
Street, she served as chief financial officer for Investor
Financial Services Corporation for six years.
Keenan is a CPA and since 2020 has served as an independent
director on the board of CLS Group Holdings AG, which provides
foreign exchange settlement services to member banks. Keenan has a
B.S. in accountancy from Bentley University and an M.B.A. in
finance from Babson College.
CRA’s announced changes include three new committee chair
assignments. Effective March 1, 2024, Christine Detrick will chair
the Nominating and Corporate Governance Committee, replacing CRA’s
Lead Director, William Concannon, who has served as chair since
2009. Mr. Concannon will continue to serve as Lead Director and as
a member of the Nominating and Corporate Governance Committee. Also
effective March 1, Richard Booth will chair the Audit Committee,
replacing Robert Holthausen, who has served as chair since 2015.
Mr. Holthausen will continue to serve as a member of the committee.
Additionally, Ms. Detrick will replace Mr. Holthausen as a member
of the Executive Committee. Lastly, effective July 18, 2024,
Heather Tookes will chair the Compensation Committee, replacing
Thomas Avery, who has served as chair since 2017. Mr. Avery will
continue to serve as a member of the committee.
“I want to thank all of the committee chairs for their strategic
leadership and hard work,” said Maleh. “CRA is fortunate to have
such a talented and committed group of directors, whose collective
expertise spans accounting, corporate governance, technological
innovation, corporate finance, risk management, and more. Their
industry knowledge and vast business experience reflect the talents
and capabilities of our consultants. Together, they make CRA the
great organization that it is today.”
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, X, and
Facebook.
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Media Relations CRA International media@crai.com 617-425-6453
Nicholas Manganaro Sharon Merrill Advisors
crai@investorrelations.com 617-542-5300
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