Navigant Consulting announces Joel Singer as CEO of its Energy & Water business

Navigant Consulting today announced that Joel L. Singer has joined the firm as CEO of its Energy & Water business.

CHICAGO, Aug. 13, 2001 — Navigant Consulting, Inc. today announced that Joel L. Singer has joined the firm as Chief Executive Officer of its Energy & Water business, with responsibilities for this business' 350 employees in 33 offices.

The move is part of re-positioning the company to significantly accelerate the growth of its management consulting business in the global energy and water industries.

Singer is the former President and co-CEO of Bay State Gas / Northern Utilities, one of the leaders of energy deregulation in the United States. Prior to joining Bay State, Singer was a Director in the Worldwide Energy practice of Arthur D. Little, Inc., an international management and technology consulting firm, and he also spent ten years with Exxon Corporation in their natural gas and refining departments, with increasing managerial responsibilities. Singer is founder and Chairman of Boston Digital LLC, a developer of customer relationship management software for energy companies. Singer has also been serving as President of Boston Management Resources, Inc., which Navigant Consulting has agreed to acquire in conjunction with his joining the firm.

William M. Goodyear, Chairman and Chief Executive Officer of Navigant Consulting, said: "With the addition of Joel's vision, executive experience and recognized thought leadership in the energy industry, we will be accelerating our focus on the growing demand for executive-level management consulting for energy companies facing major changes as a result of on-going deregulation, which is resulting in an increasing pace of mergers and acquisitions, strategic restructurings and complicated litigation."

According to Samuel K. Skinner, a member of Navigant Consulting's Board of Directors, current Chairman and CEO of US Freightways, and formerly President of Commonwealth Edison Company, one of the nation's largest electric utilities: "The dramatic changes in the energy industry are requiring a re-thinking of energy policies by both government and corporations. At this time when the energy industry is undergoing such enormous change, we are very excited about Joel joining the executive team of Navigant Consulting, with his combined experiences in management consulting and corporate leadership."

Navigant Consulting is one of the management consulting firms in the energy industry, and for its clients, it has managed many of the largest electric generating assets divestitures in recent history.

According to Singer: "I have always had tremendous respect for Navigant Consulting's deep industry knowledge in the energy and water industries, and look forward to joining this talented team of professionals, particularly at a time of such great business growth prospects in these dramatically changing industries."

Robert C. Yardley, Jr., the Executive Managing Director of the Energy & Water practice since January 2000, led the realignment of the practice to better meet the needs of a restructured industry, and will now focus his efforts on leveraging the firm's intellectual capital and the leadership of regulatory policy and strategy assignments. Prior to joining Navigant Consulting, Yardley served as Chairman of the Massachusetts Department of Public Utilities, with responsibilities for the regulation of electricity, natural gas, water, and transportation industries.

About Navigant Consulting

Navigant Consulting, Inc. ( www.navigantconsulting.com ) is a management consulting firm providing consulting services to Fortune 500 companies, government agencies, law firms, and regulated and network industries. The company is comprised of two business units — Energy & Water and Financial & Claims. The Energy & Water practice provides consulting services to the energy and electric, gas, and water utility industries, focusing on M&A/divestiture financial advisory services, reliability regulatory and optimization reviews, electric generation and transmission assessments, including energy market assessments, and energy regulatory- related litigation support.

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