Ignacio "Iggy" Balderas, CEO of Triple Canopy Inc. since April 2004, has been "elevated to the Board of Directors and Chief Development Officer, Lee Van Arsdale, will assume the duties of CEO for the company effective January 1, 2006." 
Balderas was named CEO after previously serving as Triple Canopy's Director of Operations. He has over two decades of experience in the U.S. Special Forces, serving as Command Major of one of the most elite units in the military, answering to the National Command Authority on issues of training and policy/procedure implementation, and he has participated in every publicly-known combat operation in the last twenty years. He has also briefed the offices of the President of the United States, Secretary of Defense, as well as four star officers. 
Balderas was among several leaders in the PMC field to alert Secretary of State Colin Powell of their views on the Coalition Provisional Authority's Memo 17 regarding regulating private firms in Iraq in the summer of 2004. 
- Triple Canopy Names Ignacio Balderas New CEO: Security Firm's Operations Director Takes the Helm", Triple Canopy, April 2, 2004.
- "Triple Canopy Announces Change of Command. Lee Van Arsdale to Head Leading Security Solutions Company," Triple Canopy, November 15, 2005.