November 19, 2001 - Marakon Associates, the strategy consulting firm, has promoted Sandeep Malik to partner in its Singapore office.

Mr. Malik, formerly a senior manager, joined Marakon's Stamford, Conn. office in 1994 after spending five years at Cincinnati Milacron, a manufacturer of machine tools, plastics machinery and industrial consumables. He relocated to London in 1996 and then moved again early last year to Singapore, where he helped establish the firm's Asia-Pacific operation.

Mr. Malik's client experience has included assignments for several large, global corporations, including Coca-Cola, Lloyds TSB, Boots and Prudential plc.

In announcing the promotion, Marakon Chief Executive Ken Favaro praised Mr. Malik's contribution to the firm's growing presence in Asia and the launch of its Singapore office in March. ‘Sandeep brings an incredibly high energy level, outstanding commercial instincts, a strong ability to connect with executives and an entrepreneurial drive, which have benefited the firm and its clients significantly". His appointment enlarges Marakon's partner group to 32 members.

Mr. Malik earned a B.Eng. in electrical engineering from the Punjab University in India and an M.B.A. from the Indian Institute of Management in Ahmedabad, India and Indiana University in the U.S.

About Marakon Associates

Marakon Associates is an international consulting firm that advises CEOs and their top management teams on how to build leadership in managing for value. Many of its clients rank among the world's largest and best performing companies. They include Barclays, Boeing, Boots, BP, Cadbury Schweppes, Coca-Cola, Dow Chemical, Lloyds TSB and Prudential plc. Headquartered in New York, the firm has additional offices in Chicago, London, San Francisco and Singapore.

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For further information on this announcement, please contact David Fondiller at (212) 377-5016.