Iowa Ledger (2023) - Tippie College of Business

of fuel a year to military aircraft and
vehicles. It was a typical large business
dealing with resupply, credit approvals,
receivables, a revolving stock fund, etc.
There was clearly an accounting and
financial component to the job, and I had
to rely on my years of experience that
were rooted in Iowa.”
Chesterman’s biggest challenge at the
Pentagon, and subsequently his biggest
accomplishment, was leading the effort
to convert the Air Force to a new and
safer aviation fuel. “For years, the Air
Force used highly volatile, gasoline-based
fuel,” he says. After the Vietnam War, the
Air Force conducted studies that proved
the explosive nature of the fuel, which had
affected planes hit by enemy fire as well
as ground operations. Yet conversion to a
different fuel type was long-delayed due
to logistical and political complications.
“Once I was there, we took on the initiative,
worked with congressional staffers and
suppliers, and by 1994 had converted the
Air Force to a new, safer fuel.”
Chesterman would leave the military
in 1994; transitioning to work in the
energy industry. He served in senior-level
positions with two energy companies,
including COO of Ferrellgas during its
acquisition of Blue Rhino Propane.
He now lives with wife Pam in Overland
Park, Kan., where they enjoy spending
time with their daughter, Tracie, and her
children when they visit from New York.
Tracie Chesterman, now an attorney, says
her dad’s kindness and work ethic made
him a great role model. Also, she says,
there is no bigger Hawkeye fan. Despite
not living in Iowa since 1972, he has held
season football tickets for 36 years and
has been a member of the Iowa Alumni
Association for 48 years.
He looks back at his career with a
combination of awe and humility. “If
someone had told me when I was young
what my future held,” he says, “I would
have thought: ‘No way!’ I never thought
I’d be in the military, enjoying that kind
of success and challenges. But I enjoyed
it all.”
Chesterman’s accomplishments
were recognized by the University
of Iowa in 2022 when he received a
Hawkeye Distinguished Veterans Award—
he says, “An honor that I will truly
cherish forever!” •
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