Company once known as Blackwater names new CEO

June 1, 2011

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MOYOCK, N.C.—The North Carolina-based global security company once known as Blackwater has named a new CEO as it continues to rebuild its business after years of bad publicity.

Moyock-based XE (ZEE) Services said Wednesday that Air Force veteran and government contractor Ted Wright will start as chief executive June 13.

Most recently, Wright was an executive with Houston-based military contractor KBR Inc.

Investor group USTC Holdings bought Xe last year and has been trying to rehabilitate the image of the company that became famous as Blackwater.

Under that name, the firm provided guards and services to the U.S. government in Iraq, Afghanistan and elsewhere. It drew harsh criticism from members of Congress and others after a 2007 shooting in Baghdad that killed 17 people.