Charles River (CRAI) Appoints New Chief Financial Officer

By Zacks Investment ResearchStock MarketsMar 19, 2020 10:15PM ET

www.investing.com/analysis/charles-river-crai-appoints-new-chief-financial-officer-200517704

Charles River (CRAI) Appoints New Chief Financial Officer

By Zacks Investment Research | Mar 19, 2020 10:15PM ET

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CRA International, Inc. that conducts business as Charles River Associates (NASDAQ:CRAI) yesterday announced that it has appointed Daniel K. Mahoney as chief financial officer effective Mar 30, 2020. Mahoney will replace Chad Holmes, who will be the company’s executive vice president and chief corporate development officer.

Mahoney has around 20 years of financial leadership experience. Before joining CRA, he worked with BrightSphere Investment Group serving as senior vice president and head of finance. He also has experience of working with PricewaterhouseCoopers and State Street (NYSE:STT) Global Advisors.

Paul Maleh, CRA’s chief executive officer and president stated that, “We believe his depth of public company accounting and financial leadership experience makes him the right choice to lead CRA as our Chief Financial Officer as we continue to grow our organization,".

We believe that Mahoney’s appointment will further enhance the quality of the professional team that has helped Charles River achieve and maintain a solid reputation of providing high-quality consulting services.

Notably, shares of CRA have decreased 48.2% over the past year compared with 9.6% decline of the industry it belongs to and 14.5% fall of the Zacks S&P 500 composite.

Zacks Rank & Other Stocks to Consider

CRA currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader Zacks Business Services sector are Sykes Enterprises (NASDAQ:SYKE) , Omnicom (NYSE:OMC) and Genpact (NYSE:G) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Long-term expected EPS (three to five years) growth rate for Sykes, Omnicom and Genpact is pegged at 10%, 5.6% and 14%, respectively.

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Charles River Associates (CRAI): Free Stock Analysis Report

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Charles River (CRAI) Appoints New Chief Financial Officer

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