TARANTOLA TO SUCCEED BOCCONE AS PRESIDENT OF KLINE

LITTLE FALLS, NJ, April 16, 2001...Kline & Company, Inc., a leading international business consulting firm based in Little Falls, NJ, announced today the appointment of a new president to lead the senior management team in expanding the company's services to new and existing clients.

Joseph V. Tarantola, a 20-year veteran of Kline, will succeed Andrew A. Boccone, who retires as the company president on July 1, 2001. Tarantola currently serves as Kline's vice president of operations. In addition, he heads the company's practices in agricultural chemicals and industrial and institutional cleaners, as well as its syndicated products business.

Since joining the firm in 1974, Boccone has seen Kline grow from a small, U.S.-centric market research organization to a truly global consultancy, providing its multinational clients with fact-based solutions in an increasingly complex business environment. Said Boccone, "I am most proud of the way our management team has built upon the principles established in 1959 by the firm's founder, Dr. Charles H. Kline."

Also retiring on July 1 are senior vice presidents Carl H. Eckert and Chem J. Listner. Eckert, a 25-year veteran of the company, heads the firm's advanced materials and minerals practice, while Listner, also a 25-year veteran, heads both the chemicals and manufacturing economics practices, as well as Kline's Latin American business. In commenting on the retirements, Boccone said, "Both Listner and Eckert have made enormous contributions to the growth of the firm's services over the past 25 years. Their insights and support have been invaluable to me."

Joining Tarantola as members of the company's new management team are five senior Kline executives: Susan M. Babinsky, Ian Butcher, William R. Downey, Jr., Eric P. Vogelsberg, and James M. Weatherall.

The appointment of this new team concludes a carefully planned transition of our management committee," said Boccone. "I am confident that Kline, under the leadership of Joe Tarantola, will continue to expand both the firm's consulting services and its global network in order to provide business solutions for its clients in an increasingly competitive and changing global environment."

Added Tarantola, "Our new team will build upon more than two decades of fine work by Andy, Carl, and Chem. Together, these three individuals have served the company well through their commitment to Kline's value proposition of helping clients to make better business decisions based upon a solid foundation of market understanding and business intelligence."

The new team, under the direction of Tarantola, comprises five vice presidents and corporate officers:

  • Susan Babinsky, a 17-year veteran, heads the firm's consumer products practices, including food and beverages, health and beauty aids, household products, automotive products, and other related businesses.
  • Ian Butcher serves as managing director of Kline Europe, S.A., located in Brussels, Belgium. An 18-year veteran of the company, Butcher is responsible for Kline's customer relationships in Europe, Africa, and the Middle East. He also leads the firm's activities in customer relationship management.
  • William Downey, who joined Kline in 1988, has led the company's petroleum and energy practice for the last eight years. He continues in that role and is also responsible for serving the firm's clients in the utilities industry, as well as other new initiatives.
  • Eric Vogelsberg becomes the leader of the company's chemicals and electronics practices. During his 15 years with Kline, he has served clients in a diverse group of performance-based, value-added businesses, with areas of particular emphasis including mergers and acquisitions and strategy development.
  • James Weatherall, who joined Kline in 1980, is responsible for all consulting activities and client relations for the performance materials, polymers, and packaging practices of the firm. He will also assume responsibility for Kline's syndicated products business.

"These five individuals collectively bring more than 80 years of business experience to our senior management group," said Tarantola. "I'm excited by their talent, enthusiasm and commitment and I look forward to working with them and the entire team at Kline to grow the company and provide enhanced services to our clients."