NEW YORK--(BUSINESS WIRE)--USTC Holdings, LLC, the investor consortium that acquired Xe Services, LLC (Xe), including its main holding U.S. Training Center, Inc. (USTC) in December 2010, today announced that KBR Business Unit President for North American Government and Defense Ted Wright will be joining the Company as Chief Executive Officer of Xe Services, effective June 13, 2011.
“I’m honored to have been selected to help Xe navigate its next phase of development and growth,” Wright said in a statement. “I respect the Company’s mission and have great faith in what we can accomplish. I look forward to helping Xe develop the best leadership, governance and performance platforms in the industry.”
Wright, who will report directly to the board of directors, spent 30 years in the U.S. Air Force in active and reserve duty, has a strong history of defense contracting experience and has been selected to lead the Company through its newest chapter of growth, which commenced earlier this year with the formation of an independent board, leadership and governance team. With Wright’s selection as the Company’s new chief executive, Xe aims to set the bar for a level of best-in-class operational excellence against which all other companies in the space will be measured.
“We are quite fortunate to have Ted join our team and lead our company during a transition period of ownership and management,” said Red McCombs, Chairman of the Board. “Ted will play a pivotal role in exceeding our goals of becoming the most effective service unit in a vital industry that serves and protects our country. Lofty goals require special talents, and we are confident that Ted is the right leader for this mission.”
Upon acquiring Xe and its core operating businesses last year, USTC Holdings highlighted its commitment to rebuild the company by identifying highly experienced and respected leadership capable of instilling world-class governance, leadership, performance and transparency standards.
Before becoming KBR Business Unit President for North American Government and Defense, Wright was President of Technology Services and Solutions at BAE Systems, where he also held a number of roles at the vice-president level. Previously, Wright also held vice president positions in Business Development and General Management at ITT Industries. He holds a B.A. in biophysical sciences from the University of Northern Colorado and a Master’s of Engineering in space systems engineering from the University of Colorado.
Wright will begin his duties as CEO on June 13, 2011. The announcement comes on the heels of the selection of former Attorney General John Ashcroft and retired Navy Admiral Bobby R. Inman as Independent Directors and Red McCombs as Chairman of the Board of Xe.
Xe is a leading provider of training and security services focused on worldwide operations in support of the United States Government and other customers. Xe continues to have the best performance-record and assets in the industry, making it a valued support tool to U.S. strategy abroad and in the domestic training of the U.S. military.
ABOUT XE SERVICES
Xe Services is the pre-eminent global provider of training and technical services focused on counterterrorism, force protection, law enforcement and security operations. Across its four vertically integrated business divisions – domestic training, international training, security services and logistics – the Company serves the U.S. Department of State, the U.S. Department of Defense, the U.S. Navy, numerous law enforcement and other government customers. Xe’s proven ability to provide turnkey, end-to-end training and technical services, along with its unmatched track record of exceptional performance, has enabled the Company to establish a competitive advantage well-recognized by its customers.