$21.1 BILLION. Is the amount at which Kinder Morgan struck a deal, in October of 2011, to buy El Paso. A remarkable achievement, it is the pinnacle of the difficult transformation journey that Mr. Foshee has masterfully led since taking over as CEO in 2003.
Come engage with Mr. Foshee in an open conversation and learn from him the insights for turning around a corporation.
Douglas L. Foshee
Chairman, President and Chief Executive Officer
El Paso Corporation
Douglas L. Foshee is chairman, president, and chief executive officer of El Paso Corporation, which owns North America’s largest natural gas pipeline system and one of North America’s largest independent natural gas producers.
Prior to joining El Paso in 2003, Foshee served as executive vice president and chief operating officer for Halliburton. He joined Halliburton in 2001 as executive vice president and chief financial officer. Prior to that, Foshee was president, chief executive officer, and chairman of the board at Nuevo Energy Company. From 1993 to 1997, Foshee served Torch Energy Advisors Incorporated in various capacities, including president and chief executive officer. He held various positions in finance and new business ventures with ARCO International Oil and Gas Company and spent seven years in commercial banking, primarily as an energy lender.
Foshee earned a Master of Business Administration degree from the Jesse H. Jones School at Rice University in 1992 and a Bachelor of Business Administration degree from Southwest Texas State University in 1982. He is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.
Foshee serves on the boards of Cameron International Corporation, El Paso Pipeline Partners LP, Texas Business Hall of Fame Foundation, Central Houston, Inc., Greater Houston Partnership, and Houston Endowment Inc. He is also Vice Chair of the National Petroleum Council. From January 2009 until February 2010, Foshee was appointed by the U.S. Treasury and the Federal Reserve Bank of New York to serve in a leadership role as an independent trustee of the AIG Credit Facility Trust. The Trust was established by the U.S. Treasury to hold the 77.9-percent equity interest in American International Group (AIG).
Foshee is a member of the Council of Overseers for the Jesse H. Jones Graduate School of Management at Rice University, Rice University’s board of trustees, and the Knowledge is Power Program’s (KIPP) board of trustees. He is the recipient of numerous awards in recognition of his professional and civic achievements, including the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations, the Jesse H. Jones and Mary Gibbs Jones International Citizen Award from the World Affairs Council of Houston, and the John Rogers Award from The Institute for Energy Law. He was also honored by Texas State University as a Distinguished Alumni.