Warrior, Legal Mind, Business Innovator, Chief Executive Officer - Joseph E Fluet III
Joseph E Fluet III, the CEO of MAG Aerospace, simplifies the company's complex operations with a relatable analogy, likening their work to a scenario involving a young person operating a quadcopter to capture footage of a neighbor's house for a real estate webpage. However, instead of quadcopters, MAG employs state-of-the-art special mission aircraft equipped with advanced sensors. Their clientele comprises primarily government entities, notably the US Department of Defense, alongside international organizations such as NATO and the UN.
Joseph's professional journey, spanning multiple careers, underscores his versatility and adaptability. Transitioning from a military career as a helicopter pilot to practicing law, then venturing into entrepreneurship, Joseph eventually assumed the role of CEO at MAG Aerospace. Recognizing the shift from entrepreneur to CEO as the company grew, he prioritized acquiring the necessary skills to lead effectively, culminating in an EY Entrepreneur of the Year award in 2017.
Drawing from his diverse background, Joseph emphasizes the importance of leadership, risk management, and regulatory understanding in his role as CEO. He credits his entrepreneurial experience for maintaining a growth-oriented mindset and facilitating mentorship within the company.
Critical to MAG's success is its talent acquisition strategy, characterized by a targeted approach leveraging personal networks and industry reputation. Joseph describes MAG as a prestigious workplace, attracting top talent and fostering a culture of excellence.
Looking ahead, Joseph outlines MAG's expansion strategy, diversifying its clientele beyond defense to include government agencies and international markets. He highlights the company's remarkable growth, achieving $400 million in annual revenue within seven years and employing over 1,500 staff worldwide.
Despite challenges and cynicism prevalent in the industry, Joseph remains optimistic about MAG's trajectory, celebrating the team's extraordinary accomplishments and commitment to excellence in providing actionable intelligence solutions.