Strategic Thought Inc appoints Bob Bell as VP Enterprise Risk Solutions

25 September 2008

Strategic Thought Inc, creator of commercial off-the-shelf (COTS) risk management software Active Risk Manager (ARM) has appointed Bob Bell as VP Enterprise Risk Solutions. This is a new position within the company and Bell will act as an Enterprise Risk Management (ERM) implementation specialist working with ARM customers to ensure the success of their ERM strategies.

Bob Bell enjoyed a 25 year career at Lockheed Martin. For the past seven years Bell was risk manager for the Joint Strike Fighter (JSF) Program at Lockheed Martin Aeronautics Company in Fort Worth Texas. Mr Bell joined Lockheed Martin in 1982 after gaining a master’s degree in electrical engineering from Brigham Young University. Since 1989 Bell has worked in risk management becoming the risk manager or project lead on major projects such as the F-16, AX, UAE, F-22 and latterly the JSF. Bell was also involved in a number of special projects including environmental and exposure risk, company tools and processes, supplier risk management and automated risk management.

Bell commented, “Enterprise risk management has evolved over the last decade and in my new role I will be helping companies to implement company-wide risk management frameworks that move away from the traditional view of risk management as a specialist function to one that offers more certainty, better decision making and ultimately reward across the enterprise. The JSF program was one of the largest defense contracts in history with a value of just under $19 billion when originally awarded to Lockheed Martin. With first-hand experience of Active Risk Manager on the JSF Program I am aware of the benefits an automated risk management processes can provide, I intend to continue to spread the word so more organizations and projects can benefit from enterprise risk management.”

Active Risk Manager is currently in use by many of the world’s largest organizations including Northrop Grumman, NASA, Nestle and Network Rail. Strategic Thought has established a strong position in the US marketplace since its launch in late 2004.

Martin Metcalf, Chief Executive Officer of Strategic Thought said, “Bob Bell is an exceptional asset to the company and our customers. He was with the JSF program from its start, leading the development and implementation of risk management processes and procedures for the aeronautic sector of Lockheed Martin. Strategic Thought believes in contributing to its customers’ success by providing first class implementation, training and consulting services to ensure they get the best from Active Risk Manager. With ARM and Bob’s extensive experience in managing risk processes we have a winning combination for all our customers. It is with great pleasure that I welcome Bob to Strategic Thought where the management team and industry specialists’ talents are unmatched in the ERM space.”

Bob Bell is also an Adjunct Professor teaching at Southern Methodist University and is a recognized industry expert on risk management.

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