Cap Gemini Ernst & Young Appoints Greg Cudahy as Global Director for B2B/Supply Chain

Former Manugistics and Accenture Executive Joins World's Largest Supply Chain Consulting Practice

Paris, FRANCE - May 24, 2002 - Cap Gemini Ernst & Young, one of the leading global management and IT consulting firms in the world, today announced the appointment of Greg Cudahy as Global Director for the B2B/Supply Chain service line. Mr. Cudahy will be based in Atlanta, Georgia, USA, and joins the Group from Manugistics, where he was Executive Vice President, Pricing and Revenue Optimization.

Cudahy will be responsible for managing the largest Supply Chain consultancy in the world (IDC, June 2001) with more than 4,000 dedicated practitioners in North America, Europe, Latin America and Asia/Pacific providing services ranging from supply chain strategy and architecture development, business and technology integration, to full-service process and technology outsourcing.

"Cap Gemini Ernst & Young has created a leading-edge, global supply chain service offering which leverages technology, industry knowledge, and deep supply chain expertise to help companies build adaptive supply chains, and adding an outstanding leader such as Greg to our team will help us capitalize on the opportunity we face with our clients," said Mark Hauser, Cap Gemini Ernst & Young Global Service Line Leader. "Greg has lived or worked in more than 25 countries and has served clients across a variety of industries, and we expect significant growth in this area as clients deal with globalization and industry consolidation."

Cudahy will replace Phil Robers, who is retiring this month after 30 years of exemplary service to Ernst & Young and Cap Gemini Ernst & Young in a variety of leadership roles.

Prior to joining Manugistics, Mr. Cudahy was a Partner in Andersen Consulting's (now Accenture) Supply Chain Management Line of Business responsible for leading the North American practice group. In addition, he served as the firm's Global Supply Chain Lead in the media & entertainment industry. He focused on all aspects of supply chain strategy and operations with particular emphasis on integrated planning, procurement, and fulfillment. In addition to media & entertainment, over his thirteen years in consulting he has served clients in the consumer products, retail, electronics, utilities and services industries.

Cudahy also worked at CSC Index and Deloitte & Touche before joining Andersen Consulting in 1995. He also held managerial and engineering positions at Control Data Corporation and Texas Instruments earlier in his career.

"I am excited to be returning to the consulting arena to work with Cap Gemini Ernst & Young's clients to create adaptive supply chains," Cudahy said. "Companies are competing in a volatile economic environment and find it increasingly difficult to forecast the future performance of their business or marketplace, and Cap Gemini Ernst & Young has a unique point of view to help clients enable their key processes and technology to gauge and respond quickly to changes in the market, consider the best options to use capital, and grow profitability ahead of their competitors."

Cudahy holds an MBA from The Fuqua School at Duke University, a Bachelor's degree in Electrical Engineering/Economics from The University of Dayton, and has pursued graduate studies at The University of California, Los Angeles and The University of International Business & Economics, Beijing, China.

About Cap Gemini Ernst & Young

The Cap Gemini Ernst & Young Group is one of the largest management and IT consulting organisations in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help businesses continue to implement growth strategies and leverage technology in the new economy. The organisation employs some 56,500 people worldwide and reports 2001 global revenues of about 8.4 billion euros. More information about individual service lines, offices and research is available at www.cgey.com