Federal Contractors/Technology: RYAN ANGOLD
CEO, ADS INC., VIRGINIA BEACH
As a Navy SEAL, Angold wore wetsuits supplied by the company he now runs. Angold served eight years as a naval special warfare officer after earning an engineering degree from the U.S. Naval Academy, but his military career was cut short by a spinal cord injury in 2004.
After that, Angold entered the defense industry, including as a business development and senior program manager with Blackbird Technologies, a solutions supplier for the intelligence community that’s now part of Raytheon Technologies Corp. He joined ADS a little more than a decade ago and worked his way up the ranks from sales manager to executive vice president of market sales before being named CEO in June. He replaced Jason Wallace, who had led the company since 2014.
Also known as Atlantic Diving Supply, ADS reported more than $3.1 billion in revenue in 2021.
In 2020, ADS received media scrutiny when it applied for a Paycheck Protection Program loan worth between $2 million and $5 million after receiving $1 billion in government contracts in the last quarter of 2019 and $1.3 billion in backlog contract obligations in 2020, according to The Virginian-Pilot.