Age 89, of Murrysville, died Wednesday, October 25, 2017. He was a US Marine, Former Assistant Secretary of the Navy and CEO of Dravo Corporation. He was born in Salem, Oregon, October 1, 1928, the only son of Flynn and Jesse Faught. Tom was a member of a hardworking farm family and was raised with its rigorous values of hard labor and discipline including handling the family Colt .45 Peacemaker and birthing calves. Consistent with his background, Tom enlisted in the Marine Corps in 1946. In common with many who choose the Marines for their military experience, he remained an adherent of the Corps' Semper Fi traditions throughout his life. Upon completion of his service, he achieved the rank of Private 1st Class as a Rifleman and Infantry Radio Operator. He would later be commissioned as US Marine Intelligence Officer and be Honorably Discharged as a 1st Lieutenant. After his enlistment, Tom enrolled at Oregon State University, pledging Phi Delta Theta and earning his Bachelor of Science degree in Business, Technology and Business Administration. In 1953 he earned his MBA from Harvard University. Tom began his business career during the “Whiz Kid” years of Robert McNamara at Ford Motor Company. Recruited to the iconic international consulting firm, Booz, Allen & Hamilton by one of its founding partners, Tom contributed to the firm's European expansion from postings in Switzerland, Italy and Iran. In 1964 the family returned to the States, locating in Connecticut. During this time, Tom worked for Gould, Inc., and was recognized by CEO William T. Ylvisaker for turning a small flailing automotive battery business into a globally diversified electronics component manufacturer. Hearing of his success at Gould, Tom was approached by the Brooklyn-based brewer F&M Schaefer to become their Chief Financial Officer. In 1974, Tom was offered the Chief Financial Officer position at the Pittsburgh-based Dravo Corporation. Within a year of his arrival, Tom was elected to a three-member executive team that would guide Dravo to its most successful years since the company's nationally recognized performance as a World War II shipbuilder. The gains were accomplished in large part by adapting the firm's historic engineering, construction and transportation strengths to an emerging market for the generation of clean energy. Ascending to Dravos' CEO position, Tom's tenure in that role was marked by a continuation of clean-energy pursuits, a decentralization of its management structure and the divestiture of underperforming assets. He repositioned the company's strategy to focus on cash flow and expansion into new high growth markets. This led to earning many accolades as one of the nation's Outstanding CEO's in the Construction and Engineering Industry by the Wall Street Transcript and Financial World. In 1983, Tom was appointed by President Ronald Reagan to the Task Force on International Private Enterprise. In 1985, he served on the Advisory Committee of the Export-Import Bank of the US, where he was named Chairman of the Year. He also served as Advisor to William Casey, Director of the Central Intelligence Agency where he helped streamline the CIA's organization and strengthen the annual National Intelligence Estimates. Tom left Dravo in 1987, moving to an appointment by President Ronald Reagan to serve as Assistant Secretary of the Navy responsible for Navy and Marine research and development, systems development and advanced weapons acquisition. For much of the 1990s, Tom's activities featured eclectic relationships with U.S. finance, military and intelligence entities and, following the formation of his own industrial advisory firm, FMG Ltd., government and corporate clients, principally in China and elsewhere in Southeast Asia. Eager to acquaint future leaders with the opportunities, challenges and potential hazards of their business careers, he accepted a position as Adjunct Professor of Business Strategy at the Carnegie Mellon David A. Tepper Graduate School of Business. Ten years later, his perspectives still applicable to student curricula, he began teaching University of Pittsburgh School of Business undergraduate courses. Despite the effects of a stroke suffered earlier in 2017, Tom fully intended to return to the classroom for the year's Fall semester. Just prior to accepting his assignment to Pitt, however, his business experiences were captured in his book, “So You Want to be a CEO... The Path from Middle Management to the Top Job.” Tom was the beloved husband of Lynda (Clancy) Faught; father of Ryan and Christopher, Kellee Fiola (husband Jack), Chelsea of Massachusetts, Kimberlee of Pittsburgh, Michael of Playa del Rey, California, and Mitchell (wife Denise) of Lusby, Maryland; six grandchildren and five great-grandchildren. Additionally, he is survived by his former spouse, Lee Faught Parker. Arrangements are being made for Inurnment with full military honors in Arlington National Cemetery. Donations may be made in Tom's memory to his two favorite charities: The Marine Corps Heritage Foundation and the Salvation Army.
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PostedNovember 20, 2017