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Mr. Thayer's rich and colorful background provides a wealth of experience from which he can draw as a Director for ITIS Holdings Inc. He served in the Reagan Administration as Deputy Secretary of Defense and received many awards for his service. Prior his tour at the Pentagon, Mr. Thayer served as chairman of Ling-Temco-Vought in Dallas, where he increased annual sales from $195 million to $800 million during his five years as head of LTV Aerospace and helped the company diversify its business to include steel operations and energy.
After spending part of his youth as an oilfield roughneck, he graduated number one in his Navy Aviation Cadet Class. He later served as a test pilot, combat ace, commercial airline pilot, and he flew around the world in 1993. A certain astronaut says that Paul Thayer has "forgotten more about flying than I know." Mr. Thayer survived seven aircraft crashes where the aircraft was completely destroyed four as a U. S. Navy combat ace in WWII and three as an experimental test pilot. He was the first pilot to break the sound barrier in a production Navy fighter (XF7U-1). In 1994 he was inducted into the Navy Experimental Test Pilots Hall of Fame, and he is a past recipient of the J. H. Doolittle Award and the Kitty Hawk Award. Among his many other honors are the Distinguished Flying Cross, two presidential citations, and the distinguished Horatio Alger Award.
Mr. Thayer's notable community service includes the Robert M. Thompson Navy League Award for outstanding civilian leadership, the University of Kansas Distinguished Service Citation for outstanding achievements and service to mankind, and the Air Force Medal and Decoration for Exceptional Civilian Service. In addition, Mr. Thayer is a past chairman of the Chamber of Commerce of the United States and of the National Corporate Advisory Board of the Vietnam Veterans Memorial Fund. He is a native and resident of Dallas. | 