CCC Appoints Ramamurthy to New, Expanded Board

Chicago-based CCC Information Services Group Inc., a software and communications systems provider for the automotive claims industry, has named Githesh Ramamurthy, to its new, nine-member board of directors. Ramamurthy is president and CEO of CCC Information Services Inc.

In addition to Mr. Ramamurthy, the board's new members are Michael R. Eisenson and Mark A. Rosen, principals with Boston-based Charlesbank Capital Partners, LLC, a private investment firm and the successor to Harvard Private Capital Group, Inc.; and Herbert S. Winokur, Jr., and

Dudley C. Mecum, partners with Capricorn Investors II, L.P., a Connecticut-based investment firm. The new appointees are included in CCC Information Services Group's proxy statement and will be elected at the company's August 25, 1998 annual meeting.

"The new board reflects Githesh's expanded role in the company as well as the addition of board members with significant equity stakes," says David M. Phillips, CCC's chairman and chief executive officer. "These five individuals will contribute significant financial, entrepreneurial and managerial expertise, benefiting our board and our shareholders." He went on to explain that the equity stakes were obtained through a recently announced transaction in which Harvard Private Capital acquired White River Corporation.

Upon joining CCC in 1992, Ramamurthy led the company in creating a workflow-based claims system that allows for rapid product introduction within an evolving marketplace. Then, as president of the company's Insurance and Product Development divisions, Ramamurthy worked closely with CCC's insurance customers as they migrated toward the workflow solution in their daily claims-related activities. Before joining CCC, he was a founding member of Sales Technologies, Inc., an industry-leading field sales automation software company eventually acquired by Dun & Bradstreet.

Michael R. Eisenson is president and chief executive officer of Charlesbank Capital Partners, LLC, the successor to Harvard Private Capital Group, Inc., which was spun out of Harvard Management Company, Inc. on July 1, 1998. Charlesbank Capital manages an existing portfolio of diversified private equity and real estate investment on behalf of Harvard. The newly organized firm also has formed two limited partnerships: Charlesbank Equity Fund IV and Charlesbank Realty Fund IV. Before joining Harvard Management in 1986, Eisenson was a manager with The Boston Consulting Group. He serves on a variety of corporate boards, including Harken Energy Group; ImmunoGen, Inc.; Playtex Products, Inc.; United Auto Group, Inc.; and The WMF Group, Ltd.

Mark A. Rosen is a managing director of Charlesbank Capital Partners, LLC, joining its predecessor in 1994. Prior to joining Charlesbank, he was a principal of the Conifer Group, a strategy consulting firm, and president of Morningside/North America Limited, a private investment company. In addition to the CCC board, he currently serves on the boards of several Charlesbank portfolio companies.

Herbert S. "Pug" Winokur, Jr., is the managing general partner of the various Capricorn partnerships, which he founded in 1987. Before organizing various Capricorn entities, Winokur previously served in a variety of executive positions with Penn Central Corporation, including as a member of the Office of the President. He also held senior management positions at Pacific

Holding Corporation and The Palmieri Company. Winokur is a member of the boards of Enron Corp., NAC Re Corporation and the Harvard Management Company, as well as a member of the Capricorn portfolio companies.

Dudley C. Mecum, a general partner with Capricorn, joined the partnership in 1997. Previously, he was a partner in G.L. Ohrstrom & Co., a leveraged buyout firm. He was an executive with Peat

Marwick Mitchell & Co. for 12 years, serving as vice chairman of the West Coast Region and as managing partner of the New York office. Mecum is a director of several companies, including the Travelers Group, Fingerhut Companies, DynCorp and Suburban Propane Partners, L.P.

Continuing board members are Mr. Phillips; Morgan Davis, executive vice president, White Mountain Holdings; Thomas L. Kempner, chairman and chief executive officer, Loeb Partners Corporation; and Michael R. Stanfield, chief executive officer, CreditComm Services, LLC. With the new appointments, CCC's board increases from seven to nine members.