Changing of the guard? yes. Official status? yes. Desperate? yes.
What I find most interesting is the contact list. Art Toscanini -- the
CFO -- as the primary contact? I like those forward-looking statements.
Their days are numbered.
And the band spins on.
> BW1012 APR 26,1999 3:39 PACIFIC 06:39 EASTERN
> ( BW)(MA-CAMBRIDGE-TECHNOLOGY)(CATP) Cambridge Technology Partners
> Announces New Executive Vice President
> Business/Technology Editors
> CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 26, 1999--
> Gerard Van Kemmel, International Industry Professional and Former
> Andersen Consulting Executive Named
> Cambridge Technology Partners (Massachusetts), Inc. (NASDAQ:CATP) (Cambridge) today named
> international industry professional Gerard Van Kemmel, 59, as the new head of its North American
> Mr. Van Kemmel brings a wealth of operating experience to the North American operation at Cambridge
> including more than 30 years at Andersen Worldwide, where he held a number of key operational
> assignments. These positions included President of Andersen Consulting in France, Chairman of the
> Andersen Worldwide Board and member of the Andersen Worldwide Executive Committee, dedicated to
> firm strategy, organization and operations.
> Mr. Van Kemmel joined Cambridge in November 1997, in connection with the Company's combination
> with Peter Chadwick Holdings Limited. Since then, he has served as Senior Vice President and has been
> responsible for leading Cambridge Management Consulting's European Operations. Most recently, Mr.
> Van Kemmel has been an advisor to the North American Integration team as part of the realignment of
> Cambridge's North American operations.
> Cambridge also reported that Tim Ramos, Executive Vice President of its North American operations,
> decided to resign for personal reasons, effective immediately.
> James K. Sims, President and Chief Executive Officer, commented on the announcement, "The
> realignment of Cambridge to a service line structure was focused on meeting clients' needs in today's
> digital economy. This was an important step towards bringing Cambridge to its next level of growth. Tim
> Ramos played an important role in this transition, and I personally thank him for his contributions to this
> Mr. Sims continued, "One of our key priorities now is to continue to work our demand engine as well as
> to shift our focus to achieve operational excellence. Gerard Van Kemmel brings the right mix of operational
> experience and leadership to Cambridge during this transition."
> Mr. Van Kemmel was with Andersen Worldwide from 1966 until July 1997. He is a graduate of Hautes
> Etudes Commerciales in Paris and holds an MBA from Stanford Business School.
> Realignment Background
> In October 1998, Cambridge announced the realignment of its North American operations. This
> operation, which had been organized on a regional geographic basis, is now organized around the
> Company's six principal service offerings. This realignment helps integrate Cambridge's front office,
> back-office and Internet capabilities in order to focus on clients' needs. The service line structure is
> designed to permit the Company to provide clients with its best consultants in specific service areas who
> can deploy proven methodologies, training, and business processes. This approach is also intended to
> allow Cambridge to realize economies of scale in forecasting and staffing and permit better leveraging of
> industry experience.
> About Cambridge Technology Partners
> Cambridge Technology Partners is an international management consulting and systems integration
> firm. Founded in 1991, the Company provides end-to-end business solutions for "Global 2000"
> organizations seeking to capitalize on competitive advantages offered by the new economy. Cambridge
> has 55 offices and more than 4,400 employees worldwide. Cambridge on the Web: http://www.ctp.com.
> FORWARD-LOOKING STATEMENTS
> This Press Release includes forward-looking statements (statements that are not historical facts and
> relate to future performance) that involve risks and uncertainties. These forward-looking statements include
> statements about future growth. These forward-looking statements are subject to risks and uncertainties.
> Actual results may differ materially from those stated in any forward-looking statements based on a
> number of factors, including the effectiveness of the realignment of Cambridge's North American
> operations, risks associated with management of growth, acquisitions, attraction and retention of
> employees, variability of quarterly operating results, including the effects of the client purchasing patterns
> due to Year 2000 issues, competitive factors, risks associated with international operations, changes in
> demand for third party products or solutions for which Cambridge performs integration services, and
> protection of intellectual property, as well as the risks identified in Cambridge's SEC filings, including
> information (i) under the heading "Forward-looking Statements" in its Form 10-K for the year ended
> December 31,1998 and (ii) under the heading "Risk Factors" in its Form S-3 filed in September 1998.
> Cambridge assumes no obligation to update the information contained in this press release.
> CONTACT: Cambridge Technology Partners
> Art Toscanini
> Chief Financial Officer
> Donna LaVoie, 617/679-5376
> Director, Investor Relations
> Fran Kelly, 617/374-8525
> Corporate Public Relations Manager