BearingPoint Appoints Laurent C. Lutz as General Counsel and Secretary

MCLEAN, Va., Feb. 28 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , the leading global management and technology consulting firm, today announced that it has named Laurent C. Lutz General Counsel and Secretary. Mr. Lutz joins BearingPoint from Accenture, where, as Associate General Counsel, he was responsible for all legal matters relating to Accenture's SEC compliance, corporate and finance activities.

As General Counsel at BearingPoint, Mr. Lutz will report directly to Chief Executive Officer Harry You and will lead the firm's global team of lawyers. "Laurent is the right person at the right time to join our team and lead our global law department," said Mr. You. "He brings an immense wealth of experience in both complex transactions and the regulatory and compliance controls and procedures that are of critical importance to our company's future. I worked closely with Laurent at Accenture and saw first hand his strength in leading many of the legal initiatives necessary for the firm's successful transition from private partnership to public company. He is experienced at working in a dynamic global environment, and is another fantastic addition to our senior management team."

Mr. Lutz brings an impressive background to his new position. He received his bachelor's degree in accounting from Louisiana State University in 1981 and then worked as a tax accountant from 1981-1983. After receiving his law degree from Tulane University in 1986, he practiced with the firm of Snell & Wilmer in Phoenix, Arizona, until joining Chicago-based Chapman and Cutler from 1989 to 1993. Mr. Lutz then worked for five years in the Legal Department of Allstate Corp., representing senior management in the company's investment, treasury, international and reinsurance areas. Before joining Accenture in 1999, he had returned to private practice in a senior level position with Mayer, Brown, Rowe & Maw, a leading international law firm.

"I am delighted to join Harry and the rest of the BearingPoint management team and lead a highly talented global law department," said Mr. Lutz. "BearingPoint is at a clear inflection point in its evolution as it moves from playing defense to the offense. I look forward to sharing my experience in assisting companies developing their unique internal identities and creating the strong regulatory and reporting processes and framework necessary in today's global marketplace. This is a very exciting time for BearingPoint and I can't wait to contribute."

About BearingPoint, Inc.

BearingPoint, Inc. is the leading global management and technology consulting firm, providing strategic consulting, application services, technology solutions and managed services to Global 2000 companies and government organizations. We help customers achieve results by identifying mission critical issues and implementing innovative and customized solutions designed to generate revenue, reduce costs and access the right information at the right time. Our proprietary research institute, the BearingPoint Institute, demonstrates the firm's commitment to analyzing and responding to issues with a thoroughly researched and informed perspective. Based in McLean, Virginia, BearingPoint has been named as one of Fortune's Most Admired Companies in America for three consecutive years. For more information, visit the Company's website at http://www.bearingpoint.com/.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. The forward-looking statements in this press release include, without limitation, statements about claimed defaults with respect to the Company's Series A and Series B Debentures and potential consequences. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

First Call Analyst: FCMN Contact: james.hart@bearingpoint.com