From Procurement to Profit

Edward M. Straw

Member, Editorial Advisory Board

Vice Admiral Edward M. Straw, US Navy (RET) is the Founder and Managing Director of Osprey Venture Partners, a firm that mentors young entrepreneurs seeking investment capital and assists with business development.

He is the former President, Global Operations of The Este Lauder Companies, former Senior Vice President – Global Operations of the Compaq Computer Corporation, and former President of Ryder Integrated Logistics.

Prior to joining the private sector, he had a distinguished 35-year career in the U.S. Navy and retired as a three-star admiral following a four year-assignment as Chief Executive Officer of the Defense Logistics Agency (DLA), the largest military logistics command supporting America’s armed forces.

While running the DLA, Ed reported directly to the Under Secretary of Defense the Chairman of the Joint Chiefs of Staff. He was was the Navy’s lead for logistics planning and execution of material and ordnance support to Navy and Marine Corps forces during Operations Desert Shield and Desert Storm in 1990-91.

He was awarded two Defense Distinguished Service Medals for radical improvement to Army, Navy, Marine Corps and Air Force warfighting readiness. His implementation of just-in-time inventory management practices led to validated $10 billion in cost savings to the services between 1992 and 2002.

Ed holds an MBA from The George Washington University, a Bachelor of Science degree from Annapolis, and is a graduate of the National War College.

He currently is a member of the Defense Science Board, Chairman of Odyssey Logistics, and sits on the boards of: The Boston Consulting Federal Group, Performance Equity Management, Helius Medical Technologies and Lenitiv Scientific, LLC. He is a former board member of Eddie Bauer, MeadWestvaco, Ply Gem Industries and Panther Logistics.