Frederick Haught
Frederick Haught has more than 29 years of experience as a senior executive for companies ranging from startups to $9B global entities, much of it gained in international markets.
Haught provides CEO and board advising, senior executive coaching, and C-suite consulting. He has a deep background in oil & gas production and services and various advanced technologies including: information technology, satellite and communication, geophysical sciences, nanotechnology, advanced physics, and biotechnology. He has also played major roles in founding companies and spent years in oil & gas industry consulting, services, and manufacturing. A global executive, his career has taken him across four continents, with extensive work in the Middle East. His specializations include business development, corporate development and transformation, mergers and acquisitions, strategy development, and market and opportunity identification.
Haught is vice president of Al-Rushaid Group and head of Al-Rushaid Technologies, business units of the $4B Al-Rushaid Group, one of the top ten industrial conglomerates in Saudi Arabia. He recently developed, and is currently managing, more than 7 new joint-venture relationships. He also orchestrated a $150M sale of oil & gas drilling assets and outsourcing of the workforce for provisioning the assets to deployment in Saudi Arabia and Iraq. Prior to taking on his current roles, he was the vice president of business development, strategy, and acquisitions, with responsibility over corporate strategy and business units worth more than $200M.
Prior, he served as vice president and practice leader for oil & gas in the Americas for Infosys, a $2.8B company providing a wide range of services to the energy and manufacturing industry. Some of his achievements there include closing an $8M contract for improving the largest refinery in North America; managing business relationships with such companies as ExxonMobil and Valero; and developing a deployment plan for entering untapped Latin American markets. He also served as the oil & gas practice leader for the $9B oilfield services company Schlumberger, where he drove $50M in sales over 3 years.
Haught founded the systems integration services company Team1 International in 1990. He served first as its president and later, after the company was acquired by a European consortium in 1999, as managing director and board member. Team1 grew to $20M by the time of his successful exit and through several successive acquisitions was ultimately acquired by Microsoft in 2002. This success was partially due to his experience as cofounder, VP, and board member of Lante Corporation, an Internet services and IT company that made its IPO at $1.1B.
Between founding and leading those two companies, he worked as the COO of BSG / IT, a provider of IT and systems integration to the oil & gas and manufacturing industries. Haught’s strategies, business plans, and investment acquisition led to BSG’s continued growth and eventual sale at $300M. Haught’s other career experience includes work in consulting with Andersen Consulting and Ernst & Young – Middle East, and in oil & gas with Dow Chemical and Satyam.
Mr. Haught holds an MBA in Finance and Quantitative Business Analysis from the University of Cincinnati and a Bachelor of Science from Case Western Reserve University. He is a member of the Society of Petroleum Engineers and the Houston Petroleum Club, and serves several companies on boards of directors and in advisory roles. Haught lives in Saudi Arabia and Bahrain.
