Charles River Associates (NASDAQ: CRAI) announced that director Christine Detrick will become lead independent director effective July 16, 2026, following the retirement of current lead independent director William Concannon.

Concannon will retire at CRA's 2026 annual meeting of shareholders after serving 26 years on the board and six years as lead director since 2020. The company stated he informed the board of his decision to retire to spend more time with family and other activities.

Detrick has served on CRA's board since 2020 and currently chairs the nominating and corporate governance committee. Her appointment as lead director is contingent upon her re-election to the board at the 2026 annual meeting.

"We would like to thank Bill for his leadership, sound judgment, and steadfast commitment to CRA's success as Lead Director over the past six years, and as a member of the Board for the past 26 years," said Paul Maleh, CRA's chairman, chief executive officer and president.

Boston-based Charles River Associates provides economic, financial and management consulting services. The company has operated since 1965 and maintains offices worldwide, advising clients on economic and financial matters related to litigation and regulatory proceedings.