Chad Ararch - Director

Mr. Asarch joined the Monroe Group as a principal in 2006. That same year, along with his two partners, Asarch also formed Steele Properties, a sister company focused on real estate development and acquisitions, which owns and operates over 4,000 apartment units. Previously, Asarch served as Senior Vice President and Associate General Counsel at Apartment Investment and Management Company (AIMCO, NYSE--AIV). At AIMCO, Asarch served as secretary of its investment committee, negotiated and closed over $5 Billion in property sales and acquisitions, oversaw all legal issues related to the company's operations, and managed its 20-person legal department. Asarch graduated from Williams College cum laude with honors and holds a J.D., magna cum laude from the University of Michigan, where he served as an editor for the Michigan Law Review. Asarch is active in numerous philanthropic organizations including the Allied Jewish Federation of Colorado and the Jewish Community Relations Council. In 2012, he joined the University of Colorado Law School as an Adjunct Law Professor teaching Real Estate Transactions, also serving on the school's Curriculum Advisory Board.


Mr. Bye is the Founder of Bye Aerospace, Inc.  He is the creative innovator behind the company with two decades of experience as an aerospace entrepreneur and executive. In early 2007 he founded Bye Aerospace, with a business plan to balance engineering services and internal research of advanced concepts.  Among the designs, which utilize advanced aerodynamics, composite structures and alternative propulsion systems are two new solar-electric hybrid UAV concepts.  Previously, Mr. Bye launched and developed Aviation Technology Group, Inc., where he led the team designing the Javelin, a transonic two-seat advanced jet for military and civil utility.  Mr. Bye holds the design patent for the Javelin jet, U.S. patent D500,730 S, January 11, 2005. The Javelin first flew in September 2005 with further tests in 2006 and 2007.  Prior to the Javelin, Mr. Bye was T-6 JPATS turboprop trainer project manager for Flight Safety Services Corporation.  His responsibilities included installation planning of the ground-based training systems.  Following his service in the U.S. Air Force he was an instructor pilot subject matter expert in the analog avionics to digital avionics modernization program (AMP) for the Lockheed C-141 Starlifter in the mid-1990's.  Mr. Bye holds a B.S. in Engineering from the University of Washington, and an Airline Transport Pilot rating with over 4,000 flying hours.  His varied flight experience includes the supersonic Northrop USAF T-38 where Mr. Bye flew as an instructor pilot in the Euro-NATO Joint Jet Pilot Training program at Sheppard AFB and the C-141B strategic cargo transport as a USAF and Aircraft Commander IP, including service in Desert Storm. Learn more about George Bye at .


Brad Busse is the Vice Chairman of the board of Bye Aerospace and has been the President of Busse Ventures since March 2014. Previously, he was an investment banker, who specialized in Media, Telecom & Technology, for almost 30 years. Most recently, he was Co-Head of the U.S. Communications, Media & Entertainment ("CME") Group for RBC Capital Markets, where he was responsible for the management and strategic development of the CME Group’s business, which included mergers and acquisitions, equity and debt capital formation and financial advisory engagements. Prior to RBC, he was the President of Daniels & Associates, which was an investment bank that specialized in Media, Telecom & Technology prior to be acquired by RBC in January 2007. He began his professional career at Arthur Anderson & Co. in 1980 and, subsequently, became a financial manager for a $1 billion energy concern prior to joining Daniels & Associates.


Mr. Beresford brings 23 years hands-on experience in prototype development, ISR systems integration, aircraft modifications, manufacturing, and federal programs management.  Prior to becoming VP and President in aerospace manufacturing, he successfully created a new engineering department dedicated to advanced aviation applications and ISR mission support.  His department grew by 500% in the first five years to more than 130 U.S. and foreign national employees, operating in five countries and won over $3.5 Billion in competitive awards.  Mr. Beresford holds a B.S. in Aerospace Engineering from University of Arizona and is a private pilot with single and multi-engine ratings.


Alexandre Couvelaire, is a well-known leader in general aviation, especially in Europe.  In 1962, he founded Euralair, a small charter company at Le Bourget that grew into an FBO, MRO, air-charter and scheduled air carrier operating out of De Gaulle. At Euralair, he pioneered two-crew Boeing 737 operations in France and placed the first order for a Boeing 777. He also formed the first fractional ownership cooperate in France.  In the mid-1980s Mr. Couvelaire acquired Mooney Aircraft Corporation, leading new innovative, development and propulsion programs.


Retired Air Force Maj. Gen. H.H. "Bugs" Forsythe serves as a Senior Fellow at Joint Forces Staff College. He retired from the Air Force in May 2006, where his last military assignment was a command position with Central Air Force Command. Gen. Forsythe graduated from the U.S. Air Force Academy and has served on active duty, in the Air National Guard and the Air Force Reserve. His military duties included instructor pilot, flight commander, weapons officer, operations officer, squadron commander and operations group commander. Over his military career he had over 4,500 hours in various military aircraft. In his civilian occupation, he flew for United Airlines for over 29 years. He has flown as a corporate pilot, charter pilot and Learjet test pilot, and has more than 16,000 civilian flight hours


Mr. Knudsen was Co-founder, President for Government Operations and General Counsel of Adam Aircraft Industries. Before starting Adam Aircraft he was an aviation defense attorney with the law firm of Byrne Kiely & White. Prior to private practice, he spent five years as Trial Counsel with the Federal Aviation Administration in Washington, D.C. Mr. Knudsen has a bachelor's degree from the University of Colorado and a law degree from the University of Puget Sound School of Law. Prior to attending law school, he served as a pilot in the U.S. Navy, flying the A-6 Intruder, A-4 Skyhawk, T-2C Buckeye and T-34. His last Navy assignment was with the Naval Air Reserve as a patrol plane commander in the P-3 Orion.


 FREDERICK “FRITZ” ANDERSON.  Mr. Anderson is the retired COO/CFO of Phil Anschutz’s Clarity Media Group. Mr. Anderson’s key CMG responsibilities included leading all operational management, production, financial, information technology, and personnel processes. He was also responsible for all mergers and acquisitions, legal services and was a key leader of the company’s strategic direction. During his tenure at CMG, he cofounded and served as President of one of the world’s largest “crowd sourcing” Internet media companies, grew to over 250,000 reporters/journalists. Prior to joining Clarity Media Group, Mr. Anderson was the EVP/CFO of the California Newspaper Group, a joint venture of Media News, Gannett, and Stephens Group. He was responsible for the consolidation of operational functions, strategic direction, and profitability of the venture. In addition, he was an active member of the Board of Directors. Mr. Anderson joined The Denver Post in 1988 as the VP/Controller.  He was then promoted to CFO in 1990 and added Chief Information Officer (CIO) responsibilities in 1992.  He was a key member of the leadership team responsible for turning around The Post to a profitable entity in a highly competitive environment. Mr. Anderson began his professional career at one of KPMG’s predecessor firms, where he served a variety of industries including banking and manufacturing. He earned his Certified Public Accountant (CPA) certificate during that period.   After leaving KPMG, he served in executive management for construction, real estate, and retail organizations.  He then joined Knight-Ridder, Inc., which at that time was one of the largest print media companies in the world.  He served in a variety of financial leadership positions during his six year tenure. Mr. Anderson has served on the boards of several charitable and profitable organizations including serving as the Chairman of the Board for the Denver Big Brothers and Sisters from 1997 to 1998. Mr. Anderson received a bachelor’s degree in accounting from Florida State University in Tallahassee, Florida.  


Mr. Egan is a shareholder with the law firm von Briesen & Roper in Milwaukee, Wisconsin and previously Associate General Counsel within Emerson Electric's mergers and acquisitions law group in St. Louis, Missouri.  Before that he was Global General Counsel for American Appraisal, a 120-year old financial services firm operating in 26 countries.  Mr. Egan is a Director and volunteer pilot for The Woody Williams Medal of Honor Foundation, where he has presented veteran initiatives at the White House.  He co-founded ValorCorps, a company dedicated to placing veterans into civilian technology positions after leaving the service.  Mr. Egan has a bachelor's degree in corporate finance from the University of St. Thomas and a law degree from Marquette University, with a concentration in corporate and intellectual property law.  His aviation passions include grass runways, Twin Bonanzas, Navions and backcountry seaplane flying.


Howard Janzen has served as CEO and Chairman for several communications and energy companies. He is currently the Executive Chairman of Cool Planet, a technology driven startup which CNBC ranked as a “Top 25 Disruptor of 2014” along SpaceX and Uber. 

Janzen has served as CEO of One Communications, then the country's largest privately held multi-regional supplier of integrated telecommunications solutions to businesses, from March 2007 until its sale to Earthlink on April 1, 2011. From January 2004 to September 2005 he served as President of Sprint Business Solutions, the business unit serving Sprint's global business customer base with almost 10,000 employees and $12 billion in annual revenue. From May 2003 to January 2004, he was President of Sprint's Global Markets Group, responsible for Sprint's $8 billion long distance business for both consumer and business customers. From 1994 until October 2002, Janzen served as President and Chief Executive Officer, and Chairman from 2001, of Williams Communications Group, where he led the company in completing it's almost $7 billion next generation fiber optics network and completed the largest IPO in the telecom industry at that time with peak market capitalization of $30 billion. Beginning in 1979, Janzen served in a number of leadership roles in Williams' energy and natural gas pipeline businesses.

Janzen currently serves as a member of the Board of Directors of GTT, Sonus Networks, Vocera Communications and Bye Aerospace. He also serves as a board member for the Colorado School of Mines Foundation, HeritX, and the Denver Area Boy Scouts of America. He is a Commissioner and Chairman Emeritus for GIIC, the Global Information Infrastructure Commission.

Janzen earned Bachelor of Science and Master of Science degrees in metallurgical engineering from The Colorado School of Mines and is a licensed Professional Engineer. He completed the Harvard Business School Program for Management Development. Janzen was named a Colorado School of Mines Distinguished Achievement Medalist and was inducted into the University of Tulsa, College of Engineering and Natural Sciences Hall of Fame.

Janzen is an active instrument rated pilot with almost 7,000 hours of flying time and serves as Chairman of the TBM Owners and Pilots Association board.  He and his wife of 40 years have flown their airplane to 28 countries.


Diane Simard, recently named one of the inaugural “National Top 100 Business Women to Watch” by, is Sr. Vice President and on the Board of Directors of Bye Aerospace. Her focus areas are media, government and investor relations, corporate governance and strategy. A passionate advocate for entrepreneurship, Diane is an angel investor in six other emerging-technology companies, ranging from information technology to medical devices to cybersecurity. She is also the founder of the Center for Oncology Psychology Excellence (COPE) at the University of Denver, a specialty area to train psychology students at the graduate level how to effectively counsel cancer patients, survivors and caregivers.

In addition, she mentors eight young business professionals through the Gold Torch Society at her alma-mater, the University of Nebraska-Kearney, Mile High United Way’s Generations United program and various private engagements.                     

Previously, she was Director of Community Relations and co-owner of IITC, an information technology services company. During her tenure, she helped the company avoid bankruptcy and later achieve over 400% revenue growth before it was acquired. Before joining IITC, Diane was Vice President of Marketing for a financial services company in Dallas, Texas, where she directed a proposal staff that secured almost $100 million in contracts to collect defaulted student loans.                                       

Past recognition of Diane’s business leadership includes the Bob Cardenas Award for her support of veterans and the military, Aurora Chamber woman of the Year and Girl Scouts Woman of Distinction. Diane graduated Magna Cum Laude with a bachelor’s degree in journalism from the University of Nebraska-Kearney. 



Mr. Steeves is portfolio company General Counsel for KKR, a New York based private equity firm and an Adjunct Professor of Law at Washington University Law School in St. Louis, Missouri. He is also an author and frequent lecturer both in the US and internationally on the impact of globalization on business law development. Previously Mr. Steeves was Executive Vice President, General Counsel, and Secretary for Emerson Electric Company, where he managed Emerson’s legal operations in more than 150 countries. Prior to Emerson, he was Vice Chairman of the Milwaukee Law Firm, von Briesen and Roper.  He is a member of the Board of Directors of Metajure Inc. of Seattle, Washington, and many not-for-profit organizations, including the St. Louis Opera Company.  In an earlier life, Steeves led the efforts to construct a 137 foot non-for-profit semester at sea sailed vessel, which is now the official Flagship of the State of Wisconsin.  Steeves has been interested in aviation since he took his first flying lesson more than 35 years ago.  He is currently owns and regularly flies a Lake Renegade amphibious aircraft.


MARK JOHNSON is a co-founder and Senior Partner of Innosight, a strategic innovation consulting and investing company with offices in Massachusetts, Singapore and Switzerland, which he co-founded with Harvard Business School professor Clayton M. Christensen. He has been a strategic advisor to both Global 1000 and start-up companies in a wide range of industries—including automotive, health care, aerospace/defense, enterprise IT, energy, and consumer packaged goods. He has advised Singapore’s government on innovation and entrepreneurship.  Mark’s most recent work has focused on helping companies envision and create new growth, manage transformation, and achieve renewal through business model innovation, and he is a frequent writer and speaker on these topics. He is the coauthor of the forthcoming book Dual Transformation: How to Reposition Today’s Business While Creating the Future (April 2017).  He is also the author of the best-selling book Seizing the White Space: Business Model Innovation for Growth and Renewal and coauthor of the McKinsey award-winning Harvard Business Review article, “Reinventing Your Business Model.”  In addition, Mark has published articles in the Sloan Management Review, BusinessWeek, Advertising Age, and National Defense. Prior to co-founding Innosight, Mark was a consultant at Booz Allen Hamilton, where he advised clients on managing innovation and implementing comprehensive change programs. Before that, he served as a nuclear power-trained surface warfare officer in the U.S. Navy. Mark received an MBA from Harvard Business School, a master’s degree in civil engineering and engineering mechanics from Columbia