Arthur D. Little appoints new CEO

CAMBRIDGE, Mass., Aug. 13, 2001 – The Board of Directors of Arthur D. Little, Inc. voted unanimously last week to appoint Pamela McNamara as Chief Executive Officer of the international consulting firm. A consultant with the company for 21 years, McNamara has served as Acting CEO since February.

“In the last six months, Pam has provided outstanding leadership for ADL,” said Gerhard Schulmeyer, Chairman of ADL’s Board, in announcing the appointment. “She has shown the skill, insight, and solid business sense that the company needs as it moves forward on the path to improved profitability and growth.”

As Acting CEO, McNamara cut corporate costs by nearly $20 million, restructured ADL’s management consulting operations and improved the company’s profitability to the point where it now maintains a healthy backlog of sales.

“I am greatly honored that the Board of Directors has chosen me to lead Arthur D. Little forward to greater success,” said McNamara. “This company has been at the heart of technological innovation in industry for more than a century, and it has developed a strong global reputation for excellence. I look forward to working with the Board and our exceptional staff to continue driving growth for the company and for our many loyal clients worldwide.”

McNamara’s areas of professional expertise include operations, product management and launches, supply chain management, and business process redesign. During her tenure at ADL, she served as head of ADL’s North America Management Consulting operations and leader of ADL’s Global Health Care Practice, where she managed large-scale projects for multi-national clients in the pharmaceutical and medical products industries. She has served on the firm’s Board of Directors since 1998.

ADL maintains strong relationships with a wide range of clients in industry and government organizations around the world.

Among the many new projects announced in recent months are the following:

* A $36 million contract with the U.S. Navy to assess the sale of its East Coast-based water, waste water and power utilities.

* A $3.83 million contract with the U.S. Department of Energy to develop and analyze advanced fuel cell technologies and fuel options.

* A contract with the Kingdom of Saudi Arabia to oversee the privatization of the nation’s electric utility.

Seeking to recapitalize and position itself for future growth, ADL has been evaluating a range of possible strategic partners over the last several months. The company expects to select a path forward in the near future.

Arthur D. Little (www.adl.com) is a consulting firm working at the interface of business and the technologies that drive innovation and growth. Drawing on its unique blend of knowledge and hands-on experience with a broad range of industries worldwide, the firm collaborates with its clients to achieve breakthroughs in practices, products, and processes that lead to dramatic growth and the creation of new value.

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