Xe is starting to infuse some new blood into their game. Red McCombs, John Ashcroft and Bobby Ray Inman all make the list and here is a quick run down of each.
The Texas oil executive (Red McCombs) is a co-founder of Clear Channel Communications and a former owner of the Minnesota Vikings, Denver Nuggets and San Antonio Spurs.
In addition, former Attorney General John Ashcroft and retired Adm. Bobby Ray Inman, a former director of the National Security Agency, have been brought on board as independent directors.
Not to mention the new CEO Ted Wright who came from KBR. It will be interesting to see where the company goes from here. –Matt
Xe Services, successor to Blackwater, names new CEO
By Bill Sizemore
June 1, 2011
Xe Services, the security and training company formerly known as Blackwater, has named a new chief executive officer. He is one of several new faces joining the company as it tries to distance itself from a history of legal troubles and international controversy.
USTC Holdings, Xe’s parent company, announced Wednesday that Ted Wright will join the company as CEO effective June 13. Wright comes to Xe from Houston-based KBR, a global engineering, construction and services company, where he had been president for North American government and defense. He spent 30 years on active and reserve duty in the Air Force.
Xe has security and training contracts with the State Department, the Defense Department and other government and law enforcement customers. It operates a 7,000-acre training complex in Moyock, N.C., under the name U.S. Training Center.
USTC Holdings is an investor-owned consortium that acquired Xe from its founder, Erik Prince, in December.
“We are quite fortunate to have Ted join our team and lead our company during a transition period of ownership and management,” Red McCombs, chairman of the Xe board, said in a statement.
Another new face at Xe, McCombs is the lead investor in USTC Holdings. The Texas oil executive is a co-founder of Clear Channel Communications and a former owner of the Minnesota Vikings, Denver Nuggets and San Antonio Spurs.
In addition, former Attorney General John Ashcroft and retired Adm. Bobby Ray Inman, a former director of the National Security Agency, have been brought on board as independent directors.
Four former Blackwater contractors face manslaughter charges stemming from a 2007 shooting incident at a Baghdad intersection that left 17 Iraqi civilians dead. The company has settled several civil lawsuits spawned by that incident, and another one is pending in North Carolina.
Two other former Blackwater contractors were convicted of manslaughter in Norfolk in March in the shooting death of an Afghan civilian.
Two former employees are accusing the company of defrauding the government in a case scheduled for trial next week in Alexandria, and five former Blackwater executives have been indicted on federal firearms charges in North Carolina.
Prince now lives in the United Arab Emirates, where, The New York Times reported last month, he has assembled an 800-member battalion of foreign troops for the crown prince of Abu Dhabi.
Story here.