Power Sector Strategist Neil Cornelius Returns to ICF International
Cornelius to Head Firm’s European Energy Markets Sector
Fairfax, Virginia, February 25, 2009 -
After four years directing power market analysis for a major energy company, Neil Cornelius has returned to ICF International (NASDAQ:ICFI) as principal and head of European energy markets where he is charged with growing and managing the company’s capabilities in the energy and power markets sector.
Mr. Cornelius has 20 years of experience in the power sector as a market and strategy analyst, power project developer, and consultant. Before rejoining ICF, Mr. Cornelius focused on the current viability and future growth potential of a range of renewable power generation technologies in local and global markets for BP Alternative Energy. In his previous position with ICF, he spearheaded the team that provided worldwide power market analysis for major multinational clients. Mr. Cornelius has an MBA in international business from Bristol University and an M.S. in financial management from London University, both in the United Kingdom.
“Neil brings deep knowledge of the economics of European energy and power markets, particularly as they apply to electricity transmission and renewable energy,” said Mark Allington, ICF vice president and managing director for European operations. “His recent renewable energy markets work will strengthen our ability to offer clients strategic advice on renewable energy asset management in Europe and the New Independent States. He has a strong understanding of how energy markets work and the interaction of environmental legislation and incentives with power sector investment, operation, and project viability.”
“ICF has a unique set of capabilities to help solve some of the major energy and environmental issues that the world currently faces. It is stimulating to work across a variety of these issues with people as skilled and passionate for the work they do as the professionals at ICF,” said Neil Cornelius, ICF principal and head of European energy markets.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
Caution Concerning Forward-looking Statements
This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.