ARLINGTON, Virginia – (BUSINESS WIRE) – CAES, a pioneer of advanced electronics for the most technologically advanced military and aerospace systems and the largest provider of secure RF, mixed-signal, and digital radiation-hardened technology to the U.S. aerospace industry, announced today, that the 27th US Secretary of Defense Dr. Mark T. Esper has joined the company’s board of directors.
Dr. Esper served as Secretary of Defense from July 2019 to November 2020 and Secretary of the Army from 2017 to 2019. and will also act as a key advisor to Advent International.
After the takeover by Advent International (“Advent”), one of the largest and most experienced private equity firms, in January 2020, CAES now operates as an independent company with an increased focus on customers, products and programs. This new structure has enabled the CAES board and management team to implement a strategy to achieve improved operational performance and program execution across the company. Since Advent’s investment, the company has seen strong growth and has been involved in many successful projects and new programs, including supporting the MARS rover mission, selecting to manufacture new 5G millimeter wave transducers, major achievements in classified space programs, and leading EW work, among other things. In addition, the CAES Executive Leadership Team and Board of Directors were enhanced by the appointment of a number of industry leaders, through the appointment of Dr. Esper are further strengthened, significantly strengthened.
Commenting on his appointment, Dr. Esper: “I am excited to be part of the great team at CAES that has proven to be the leader in delivering innovative electronic solutions that empower the fighter jet and improve the safety and effectiveness of the United States” and its allies. I’m really looking forward to contributing to both CAES and Advent. ”
Commenting on the announcement, Bob Hitt, CEO of CAES and Operating Partner of Advent International, said: “We are honored to have Dr. To welcome Esper to the board of CAES. We look forward to Mark’s commitment and contribution to CAES as we build our technology and industry leadership in advanced electronics critical to national security. We also appreciate the strategic advisory role that Mark Advent will take on in further expanding its aerospace and defense expertise. ”
Commenting on the appointment, Mike Kahn, President and CEO of CAES, “We are pleased to have Dr. We look forward to welcoming Esper to our board of directors and looking forward to the unique experience and insights he brings as a dedicated government and business leader. ”To the security of the United States. The findings of Dr. Esper will support CAES in our ongoing efforts to achieve technical excellence and drive industry-leading analog and digital innovations that improve the security and capabilities of the United States and its allies. ”
Dr. Mark T. Esper became the 27th Secretary of Defense in July 2019 when he was ratified 90-8 by the U.S. Senate. As Secretary of Defense, Esper was responsible for ensuring the national security of the United States, protecting the American people at home and abroad, and advancing the interests of the country around the world. In this role, he led one of the largest and most complex organizations in the world with nearly three million soldiers and civilians in the defense sector and an annual budget of $ 740 billion. Esper’s responsibilities ranged from organizing, manning, training and equipping the joint armed forces to researching and developing future weapons, concepts and equipment; and from defense trade, diplomacy, and cybersecurity to healthcare, housing, and schools.
Before Dr. Esper became Secretary of Defense, he was the Army’s 23rd Secretary, where he was responsible for over 1.5 million Army active, Guard, Reserve and Civilian soldiers, a $ 180 billion annual budget, and all aspects of Army governance strongest ground combat force in the world.
Dr. Esper graduated from West Point in 1986 with honors. He served 10 years of active duty as an infantry officer in the Gulf War and Europe before retiring in 2007. Esper later served in senior positions with the Senate Foreign Affairs Committee, Senate Government Affairs Committee, and House Armed Services Committee. In 2002 he became Deputy Deputy Minister of Defense for Negotiation Policy and in 2004 was National Security Advisor to the Senate Majority Leader.
Dr. Esper was COO and EPP for Defense and International Affairs at the Aerospace Industries Association from 2006. From 2008 to 2010 he was EPP for the Global Intellectual Property Center of the US Chamber of Commerce and as Vice President for Europe and Eurasia Affairs. From 2010 to 2017 he was Vice President, Government Relations at Raytheon Company.
Esper holds a BS from the US Military Academy, an MPA from Harvard Kennedy School of Government, and a Ph.D. in Public Policy from George Washington University. He is a two-time recipient of the DOD medal for the Distinguished Public Service and has received numerous awards throughout his military career, including the Bronze Star, the Legion of Merit and the Combat Infantryman’s Badge.
Dr. Esper is a member of the Council on Foreign Relations and the Veterans of Foreign Wars. He is also the first John S. McCain Distinguished Fellow at the McCain Institute, the Distinguished Chair of the Modern War Institute at West Point, a board member of the Atlantic Council, and a member of the Council on Foreign Relations.
About CAES
CAES pioneered advanced electronics for the most technologically advanced trusted systems for the military and aerospace. As the largest provider of mixed-signal and radiation-hardened technology to the aerospace and defense industries in the United States, CAES provides highly reliable RF, microwave and millimeter wave, microelectronic and digital solutions that enable our customers to have a safer planet to guarantee . On land, at sea, in the air, in space and in cyberspace, CAES’s extensive electronics and enhanced manufacturing capabilities are at the forefront of mission-critical innovations in the military and aerospace industries. www.caes.com
About Advent International
Advent International was founded in 1984 and is one of the largest and most experienced global private equity investors. The company has invested in over 375 private equity investments in 42 countries and had assets of $ 76 billion as of December 31, 2020. With 14 offices in 11 countries, Advent has built a globally integrated team of over 240 private equity investment professionals in North America, Europe, Latin America and Asia. The company focuses on investing in five core sectors, including business and financial services; Health care; industrial; Retail, consumer and leisure; and technology. After 35 years in international investing, Advent remains committed to partnering with management teams to deliver sustainable sales and profit growth for its portfolio companies. www.adventinternational.com
source https://dailyhealthynews.ca/27th-united-states-secretary-of-defense-mark-esper-joins-caes-board-of-directors/
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