Cap Gemini Ernst & Young Appoints New North American CEO

Mark Hauser Tapped to Lead CGE&Y in North America

Hauser Appoints Three Executives to Key Leadership Positions

New York, NY, July 11, 2002 - Cap Gemini Ernst & Young, one of the world's largest independent management and IT consulting firms, has named Mark Hauser CEO of North America. Hauser succeeds Terry Ozan who has been appointed to a global role where he will be responsible for worldwide service innovation and strategy. Hauser has been chosen to lead the Americas organization. His top priority will be leading a transformation aimed at adapting Cap Gemini Ernst & Young to the new market conditions.

Prior to his CEO appointment, Hauser, 41, led Cap Gemini Ernst & Young's five Global Sector Units and three Lines of Business. Hauser was also responsible for the development of some of Cap Gemini Ernst & Young's most innovative service offerings to key global customers.

After the merger of Cap Gemini with Ernst & Young in May 2000, Hauser led the transformation and integration of the company's service lines, which has enabled Cap Gemini Ernst & Young to gain a market leadership position in B2B/ Supply Chain, CRM and technology consulting.

"I am excited about the opportunities for Cap Gemini Ernst & Young in North America. Just as we are helping our clients develop strategies to become more adaptive, we too must use the market volatility to our advantage so that we can continue to deliver world-class service and measurable results for our clients. We have an incredible opportunity to further build our brand and leadership position and I am looking forward to leading the charge," said Hauser.

As the North American CEO, Hauser has already announced several appointments aimed at creating a dynamic leadership team comprised of experienced market driven executives including:

• Greg Cudahy, 38, will assume the role of Director of Business Solutions and Innovation and maintain his current position as Global Director of B2B/Supply Chain.
• Dave Zito, 38, has been named Director of Operations for the Americas. Zito previously served as a leader in Cap Gemini Ernst & Young's Health Practice, specializing in post-merger integration, process improvement and focused restructuring.

• Brad Callahan, 49, will lead the newly formed Product Sector, which is a combination of two former Business Units: Manufacturing/High Tech/Automotive and Consumer Products, Retail and Distribution. Callahan previously led the Manufacturing/High Tech/Automotive Business Unit.

Prior to joining Cap Gemini Ernst & Young in 1990, Hauser was Vice President of Finance for Telxon Corporation, a manufacturer of handheld computer systems. Before Texlon he was with Price Waterhouse.

Mr. Hauser holds a Bachelor of Science from Marquette University, an MBA from Case Western Reserve's Weatherhead School of Management and is a Certified Public Accountant. He is based in Chicago, Illinois.

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. Early 2002, the organisation employed more than 56,500 people worldwide and reported 2001 global revenues of more than 8.4 billion euros. More information about individual service lines, offices and research is available at www.cgey.com

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