The ATL executive board is a group of senior executives who have deep experience managing companies within the aerospace, transportation, and logistics sectors. They assist ATL portfolio companies with operational matters, evaluating the competitive industry landscape, and tailoring strategic plans to drive superior value creation.
Don DeFosset is Chairman of the ATL Executive Board.
Prior to the formation of the ATL Fund, Mr. DeFosset was a MidOcean Executive Board member from 2009 to 2014.
Prior to joining MidOcean, Mr. DeFosset served as Chairman, President and CEO of Walter Industries, a publicly traded entity in which KKR held a controlling position. Prior to Walter, he was Chief Operating Officer of Dura Automotive Systems. Before Dura, Mr. DeFosset held various executive positions including Corporate Executive Vice President and Truck Group President of Chicago-based Navistar International Corporation, President of AlliedSignal’s Safety Restraint Systems Division, and Executive Vice President of Operations of Mack Trucks.
Mr. DeFosset currently serves on the Boards of Directors of JF Acquisition LLC as Chairman, of ITT Corporation (NYSE:ITT), of National Retail Properties (NYSE:NNN) as Chairman of Governance & Nominating Committee, of Regions Financial Corporation (NYSE:RF) as Chairman of the Compensation Committee and of Terex Corporation (NYSE:TEX) as Chairman of the Governance & Nominating Committee.
In addition, Mr. DeFosset is the Immediate Past Chairman of the Board of Trustees of the University of Tampa and previously served as Director of EnPro Industries.
Mr. DeFosset has a Bachelor of Science from Purdue University and an MBA from Harvard Business School.
Michael B. Baughan is Managing Partner of Osprey Capital, where he provides M&A and strategic advisory services in the aerospace and industrial manufacturing and services sectors.
Prior to the formation of the ATL Fund, Mr. Baughan was a MidOcean Executive Board member from 2011 to 2014.
He served as Chairman of Noranco Inc., a Tier I/II supplier of precision machined aerospace components and assemblies owned by MidOcean.
In addition, Mr. Baughan serves on several non-profit boards, including Novant Health, a $3.5 billion integrated healthcare system, where he is Chairman.
From 2005 through 2010, Mr. Baughan served as President and Chief Operating Officer of B/E Aerospace, a publicly traded global supplier of aircraft cabin interior products and aerospace consumables. Prior to that, he served as SVP/GM of the company's Commercial Aircraft Segment and Group VP/GM for Seating Products from 1994 to 2010. During his years at B/E Aerospace, Mr. Baughan helped transform the company from a small domestic manufacturer to a highly profitable global industry leader with annual revenues in excess of $2.5 billion and an enterprise value of over $5 billion.
Earlier in his career, he served as President of AET Systems and in various roles at The Boston Company (American Express) and Dow Chemical.
Mr. Baughan earned a BA in Economics from the University of Virginia and an MBA from Harvard Business School. He is an instrument rated pilot, and lives in Winston-Salem, NC with his wife and three sons.
David Beatson joined the ATL Executive Board in 2015. From 2006 to 2014, Mr. Beatson was a Management Affiliate of MidOcean Partners. Mr. Beatson has over 39 years of transportation, freight forwarding, 3PL and supply chain industry experience. Previous positions include Chief Executive Officer of Emery Worldwide, Chairman and Chief Executive Officer of Circle International Group, Vice President at Cargo AMR, and Chief Executive Officer at Panalpina, North America. Mr. Beatson has extensive knowledge of domestic and international freight forwarding, customs brokerage, third party logistics, truckload, less-than-truck load, contract logistics, e-commerce and omni-channel last mile fulfillment.
He serves on the Boards of Directors of Pilot Freight Services, where he is Chairman, PFSweb (NASDAQ: PFSW), where he is Chairman of the Audit Committee and a member of the Compensation Committee; of Descartes Systems Group (NASDAQ: DSGX) where he is Chairman of the Nominating Committee and a member of the Audit and compensation Committees; and two privately held companies, including T.A.G./Progistics, a technology-enabled e-commerce last mile delivery company.
Mr. Beatson serves on the Dean’s Advisory Council of the Fisher School of Business at The Ohio State University and is active in local charitable foundations in the San Francisco Bay Area. He has a BS in Business Administration from The Ohio State University and an MBA from the University of Cincinnati.
Miles Cowdry joined the ATL Executive Board in April 2016. Prior to joining ATL, Mr. Cowdry had a 26 year career at Rolls-Royce serving in a range of operational and strategic development leadership positions, retiring from the company as the Director of Corporate Development. (LSE:RR.) Prior to that, Mr. Cowdry was President–Services of Rolls-Royce.
A recognized thought leader and innovator, Mr. Cowdry was the architect of the Rolls-Royce service strategy that drove the transformation of the aero-engine MRO industry. In 1999, he established Rolls-Royce’s data management and analytics business which today remains a world leader in the provision of equipment health monitoring and fleet management solutions.
Mr. Cowdry’s background is in finance, having spent ten years with Bankers Trust Company. He left Bankers Trust in 1990 to be part of the management team that established Rolls-Royce & Partners Finance and developed what is now the world’s largest engine leasing business.
A U.S. resident, Mr. Cowdry was educated at Woodbridge School and Trinity College, Oxford where he read Philosophy, Politics and Economics.
Mike Taylor joined the ATL Executive Board in 2015. From 2008 to 2014, Mr. Taylor advised MidOcean on the intermodal and rail sectors, including identification and sourcing of potential investments, as well as strategic and operational diligence. Mr. Taylor is Founder and CEO of the Infinity Group. Mr. Taylor’s career has been entirely in intermodal logistics, rail operations and rail services, port services, surface transportation equipment management and utilization and drayage.
In 1991, Mr. Taylor acquired the assets of Santa Fe Railway's largest intermodal facility, located in Chicago, and entered into a contract to provide intermodal services at the facility to Santa Fe. That transaction led to the formation of the Infinity Group which has expanded to include 27 ramp operations in 19 states handling over five million container lifts per year.
Prior to founding the Infinity Group, Mr. Taylor was the Managing Director of API, the intermodal logistics subsidiary of American President Lines.
Mr. Taylor serves on the Board of Directors of Pilot Freight Services.
Mr. Taylor is an active member of the Intermodal Association of North America, the trade association for participants in all segments of the intermodal industry and received a Bachelor of Science in Engineering from Purdue University in 1969. He was also a varsity football player at Purdue and was drafted by the Los Angeles Rams.
Ray Valeika most recently served as Senior Vice President of TechOps for Delta Air Lines prior to his retirement in 2004. Mr. Valeika launched the aircraft maintenance and repair initiative at Delta TechOps, one of the leading aircraft maintenance and repair organizations in the industry, where he directed a worldwide maintenance and engineering staff of more than 10,000 professionals and together maintained a fleet of nearly 700 aircraft.
Prior to the formation of the ATL Fund, Mr. Valeika was a MidOcean Management Affiliate from 2006 to 2014.
During Mr. Valeika’s 40-year career, he led the maintenance operations at Continental and Pan Am, chaired numerous committees and provided leadership for many of the industry’s technological innovations.
Mr. Valeika served as chairman of the Air Transport Association (ATA) Aging Aircraft Task Force, which was responsible for developing supplement structural inspection programs. Mr. Valeika has also served as General Chairman of the SAE Aerotech Congress & Exhibition for commercial aircraft, participated in the FAA Research, Engineering and Development Committee (REDAC), Congressional Aeronautical Advisory Committee, and NASA's Aeronautics Space and Engineering Board (ASEB) and has chaired the Engineering Maintenance and Material Council of the ATA.
In addition, Mr. Valeika is a member of the safety and reliability board for Carnival Cruise Lines and has served on the Boards of Directors of SRT and of Noranco Inc., a Tier I/II supplier of precision machined aerospace components and assemblies owned by MidOcean, and AerCap Inc. In 1996, he was honored with the ATA’s Nuts and Bolts award for his leadership and achievement in advancing safety and quality standards in the commercial aviation industry.
Mr. Valeika holds a BS degree in Aeronautical Engineering from St. Louis University, Parks.