The former CEO of Stratesec
is Wirt D. Walker III
, who is still chairman of the board.
Although he has also been the managing director of KuwAm for several years, Walker states definitively in phone interviews that there was no exchange of talent between Stratesec and KuwAm during the World Trade Center and other projects.
put it, "I'm an investment banker.
continued, "We just owned some stock.
The investment company "was not involved in any way in the work or day-to-day operations" of the security company.
explained clearly and pleasantly that there was no sharing of information or of personnel between the two companies.
It currently holds only about 205,000 shares of Stratesec; Walker, KuwAm's managing director, holds 650,000.
Walker, while a principal at Stratesec (a director since 1987, chairman of the board since 1992, and formerly CEO since 1999), was also on the board of directors at KuwAm and is still managing director (both since 1982).
Mishal Yousef Saud Al Sabah, the chairman at KuwAm
, also served on Stratesec's
board from 1991 to 2001.
and Al Sabah had major stock holdings in each other's companies.
For several years, Walker has also been chairman and CEO of an aircraft company, Aviation General, about 70 percent owned by KuwAm.
Asked the same question regarding KuwAm, Walker declined further comment, and referred a reporter to the public record.