Mark Ronald has joined Veritas Capital Partners as a special advisor. Ronald is the former chairman and CEO of BAW Systems Inc., where he also served as COO and a member of the board of directors. He currently serves on the board of Veritas portfolio company DynCorp International Inc.
Veritas Capital Partners, a private equity investment firm focusing on the defense, government services and aerospace sectors, announced that Mark H. Ronald, former chairman of BAE Systems, Inc., is joining the firm as a Special Advisor. He will assist in evaluating potential acquisitions and investments, and work with management teams of Veritas's portfolio companies to create value.
As chairman and CEO of BAE Systems, Inc., the wholly-owned subsidiary of BAE Systems plc, Mr. Ronald oversaw approximately 43,000 employees in the United States, Europe and Africa who generated annual sales in excess of $10 billion. Mr. Ronald also served as chief operating officer and member of the board of directors of the $25 billion global defense and aerospace parent company.
“I am very excited to have Mark as a member of the Veritas team,” said Robert McKeon, Veritas founder and CEO. “He had a tremendous career at BAE Systems, building its U.S. business from a very small base into one of the country's largest defense companies. In addition to his board positions as well as other activities, Mark will be spending approximately a third of his time working with Veritas. We expect his talents and capabilities will help Veritas to continue to build on a solid portfolio of companies now employing some 25,000 employees and generating annual revenue of approximately
Mr. Ronald serves on the board of DynCorp International Inc., a Veritas portfolio company, as well as Alliant Techsystems Inc. and Cobham plc. He holds the Honorary Commander of the Most Excellent Order of the British Empire (CBE), awarded in recognition of the valuable services he has rendered to furthering transatlantic cooperation in the U.S. – U.K. defense industries.
Prior to joining BAE Systems, Mr. Ronald was president of AEL Industries in Lansdale, PA. He earned a bachelor's degree in electrical engineering at Bucknell University, and a master's degree in electrical engineering at Polytechnic Institute of New York.
About Veritas Capital
Veritas Capital is a private equity investment firm headquartered in New York. Founded in 1992 by Robert B. McKeon, Veritas invests primarily in companies specializing in outsourcing services to the government, primarily in the areas of defense and aerospace, security and infrastructure. Veritas' portfolio of companies includes, or has included, DynCorp International, Vangent, Inc., Aeroflex, Inc., Integrated Defense Technologies, Athena Innovative Solutions, and McNeil Technologies, among others. Veritas is dedicated to providing the highest level of critical services and equipment to the defense and federal sectors around the world. For more information, please visit http://www.veritascapital.com.