Navigant Consulting Announces the Appointment of Michael L. Tipsord to the Firm’s Board of Directors

CHICAGO--(BUSINESS WIRE)--Navigant Consulting, Inc. (NYSE:NCI), an international consulting firm providing dispute, investigative, operational, risk management and financial advisory solutions to legal counsel, government agencies and companies experiencing regulatory or structural challenges, announced today the appointment of Michael L. Tipsord, Vice Chairman, Chief Financial Officer and Treasurer of State Farm Insurance Companies, to serve an initial term on Navigant’s Board of Directors in the class of directors whose term expires in 2010.

“Mr. Tipsord’s technical, management and industry experience and insights will be extremely valuable as we continue to navigate through the current global economic environment. We are looking forward to working closely with him”

“Mr. Tipsord brings to the Navigant Board a deep and proven financial management background as well as leadership experience in a multi-billion dollar enterprise,” stated William M. Goodyear, Chairman and Chief Executive Officer. “Mr. Tipsord’s background will complement the current Navigant Board with his strong experience over the last 20 years at State Farm Insurance in areas including finance administration, investment management, marketplace compliance and the overall management of strategic resources.”

Mr. Tipsord joined State Farm in 1988 as Assistant Tax Counsel and over the past 20 years has advanced through the organization holding positions including Director of Accounting, Vice President and Treasurer and, for the past seven years as Chief Financial Officer. In addition to his financial management responsibilities, Mr. Tipsord has also been responsible for managing State Farm’s strategic operating planning process, launching and integrating the Financial Services product portfolio and providing leadership during a PeopleSoft Integration. Today he serves as a Director of several State Farm affiliated companies, and is on the Board of The Brookings Institution, Illinois Wesleyan University and the University of Illinois College of Law.

“Mr. Tipsord’s technical, management and industry experience and insights will be extremely valuable as we continue to navigate through the current global economic environment. We are looking forward to working closely with him,” commented Governor James R. Thompson, Lead Director on the Navigant Board.

About Navigant Consulting

Navigant Consulting, Inc. (NYSE: NCI) is a specialized independent consulting firm providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services, and on the issues driving these transformations. “Navigant” is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI’s use of “Navigant” is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.