AGC Aerospace & Defense, a portfolio company of Acorn Growth Companies, said on Tuesday that retired Air Force General Ronald R. Fogleman has joined the board of directors for its subsidiary, AGC Composites & Aerostructures. Jointly owned by The Edgewater Funds and Acorn Growth Companies, AGC Composites & Aerostructures is a provider of components for weapon systems and aircraft.
(PRWEB) June 18, 2013
AGC Aerospace & Defense is pleased to announce General Ronald R. Fogleman, U.S. Air Force (Ret.), has joined the Board of Directors for AGC Composites & Aerostructures. General Fogleman will play an integral role in devising the group’s global strategy for sustainable, long-term growth.
“We are very pleased that General Fogleman has agreed to join us,” added Jeff Frient, Partner at Edgewater Funds. “His experiences will add tremendous insight into the marketplace as we execute the organic and acquisition growth strategy for this group.”
“General Fogleman will be a tremendous asset to an already talented team compiled of industry leaders and innovators,” said Rick Nagel, Managing Partner at AGC. “His vast and robust experience and leadership makes him a natural fit to help lead our way forward in expanding our global presence.”
“AGC is a globally recognized industry thought leader in the manufacture of composites and exotic alloys for aerospace applications,” stated General Fogleman. “I look forward to contributing my experiences as we guide the future direction and growth of the group.”
General Ronald R. Fogleman, U.S. Air Force (Ret.), is founding principal of The Durango Group, LLC, a business development and aviation consulting firm. He is also chairman of the board of ATKINS and serves on the boards of directors of several financial and aviation related corporations.
General Fogleman retired from the U.S. Air Force on September 1, 1997, after 34 years of active commissioned service. On his final tour of duty, he served as the 15th chief of staff of the U.S. Air Force and a member of the Joint Chiefs of Staff, and as a military advisor to the Secretary of Defense, the National Security Council, and the President. His staff experience and time as chief of staff saw a heavy emphasis on long-range programming and strategic planning.
General Fogleman is a member of the Council on Foreign Relations, the Falcon Foundation, the Fort Lewis College Foundation, Airlift Tanker Association, and the Air Force Association.
AGC Composites & Aerostructures, part of the AGC Aerospace & Defense portfolio, is jointly owned by The Edgewater Funds and Acorn Growth Companies. Its specialized products and capabilities include custom, weight-saving composite structures for legacy weapon systems, composite details and assemblies for aircraft currently in production, precision exotic metal assemblies for aircraft engines, and aircraft structural fusion welding (ASFW) on alloy metal parts for aftermarket spare programs.
AGC Aerospace & Defense, the unifying brand of private equity group Acorn Growth Companies, is a global supplier of technologies, systems and services that support key commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio range from financing, engineering, and integration services to manufacturing, logistics, and aircraft modifications. AGC Aerospace & Defense is organized into four operating groups: Composites, Finance, Integrated Defense, and Services.