Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Dr. Josh Sherman has rejoined CRA as Vice President in the Antitrust & Competition Practice.

“We are thrilled to welcome Josh back to our team," said Paul Maleh, President and Chief Executive Officer of Charles River Associates. "Josh's deep expertise and proven track record in consulting, government, and academia will enhance our ability to serve our clients at the highest levels.”

Margaret Sanderson, Practice Leader of the Antitrust & Competition Practice, added, "Josh’s deep understanding of competitive dynamics and his innovative approach to economic analysis will be a tremendous asset to our clients. We are excited for his return to CRA and look forward to the significant contributions he will make to our practice."

Dr. Sherman provides expert testimony and economic analysis in single-firm and multi-firm antitrust litigation matters and evaluates the competitive effects of horizontal and non-horizontal mergers. He applies his expertise in economic theory and econometrics to assess alleged anticompetitive conduct, measure associated damages, and analyze the competitive ramifications of a wide variety of contractual provisions.

Dr. Sherman previously served as Chief Economist of the Israel Competition Authority, where he led all economic analysis performed at the Authority, including analysis of mergers, abuse of dominant position, and competition-related questions that arose within intra-governmental committees. Before his tenure at the Israel Competition Authority, Dr. Sherman worked at Charles River Associates, where he contributed to numerous high-profile antitrust and competition cases.

He holds dual faculty appointments at Northwestern University, where he is Adjunct Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management and an Adjunct Associate Professor in the Department of Economics. Prior to teaching at Northwestern, Dr. Sherman served on the faculty of the economics department at the University of Vienna.

About CRA’s Antitrust & Competition Economics Practice

CRA’s competition economists provide economic analysis and testimony in competition matters around the world. Many have served in government antitrust agencies and are members of premier academic, economic, and law faculties. Their experience extends to many industries, including health care, energy, computer hardware/software, retailing, telecommunications, aerospace and defense, entertainment, transportation, natural resources, sports, chemicals, pharmaceuticals, financial services, and consumer products.

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, Instagram, and Facebook.

SAFE HARBOR STATEMENT

Statements in this press release concerning the addition of Josh Sherman and the strengthening, enhancing, or contributing to CRA’s Antitrust & Competition Economics Practice, and any future business Dr. Sherman may generate for CRA, are “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially due to many important factors. Such factors that could cause actual performance or results to differ materially from any forward-looking statements made by CRA include, among others: the failure to generate engagements for us; the potential loss of clients; the demand environment; global economic conditions; foreign exchange rate fluctuations; and intense competition. Additional potential factors that could affect our financial results are included in our periodic filings with the Securities and Exchange Commission, including those under the heading “Risk Factors.” We cannot guarantee any future results, levels of activity, performance, or achievement. We undertake no obligation to update any forward-looking statements after the date of this press release, and we do not intend to do so.

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