How Cohesive is Your Company?
- A Leadership Parable
|Our 2019 Honorees!
The Houston Strategy Forum is thrilled to announce the 2019 Titans of Houston Honorees!
Mr. Greg Armstrong took a $30 Million company and turned it into a $30 Billion enterprise! Plains All American Pipeline (PAA) has built one of the largest pipeline networks in North America. With over $34 Billion in revenues PAA is a Fortune 100 company!
Regarded as one of the best CEOs in North America and arguably in the world, Mr. Armstrong served as chairman and CEO for twenty years!
Mr. Armstrong is driven by certain core philosophies. He has stayed true to these business philosophies and personal convictions for decades leading to phenomenal and sustained success. His unwavering commitment is remarkable and something for all of us to learn.
We are honored to celebrate Mr. Armstrong's success and his core convictions.
Greg L. Armstrong has served as an officer for Plains All American and its predecessor entities for over 36 years, serving the last 25+ years as Chief Executive Officer. Greg retired October 2018 as CEO and currently serves as Chairman of the Board.
As Plains grew, Greg took on increasing roles of responsibility and was promoted to Chief Financial Officer in 1984 at the age of 25 and subsequently held a number of positions including Senior Vice President, Executive Vice President, Chief Operating Officer and President and was named Chief Executive Officer in 1992 at the age of 34.
Following deregulation of crude oil and natural gas prices, Plains formed its own marketing subsidiary, which would later become Plains All American Pipeline. PAA completed its IPO in 1998, with an enterprise value of +/- $700 million.
Greg served in dual roles as CEO of both Plains Resources and Plains All American until their separation in 2001; thereafter focusing 100% on Plains All American. PAA has made over $12 billion of distributions to its equity holders, has a current enterprise value of ~$30 billion and ranks 94 in the Fortune 500. For multiple years PAA has been named by Fortune Magazine as one of “America’s Most Admired Companies,” and by the Houston Chronicle as one of the Top Workplaces in Houston. PAA is one of the largest crude oil transportation companies in North America transporting more than $6.5 million barrels per day of crude oil and NGLs through its pipeline network.
Mr. Armstrong also serves as Chairman of both The Federal Reserve Bank of Dallas and the National Petroleum Council. He is a director of National Oilwell Varco Inc. and a member of the Advisory Board of the Cox School’s Maguire Energy Institute at SMU and the Board of Trustees of The Foundation for The Council on Recovery.
Greg is also a distinguished alumnus at Southeastern Oklahoma State University and was inducted into the Texas Business Hall of Fame in 2015.
Greg has been happily married to Melinda McKinley Armstrong since June 1984 and they have two children and two grandchildren.
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Mr. Gordon Bethune earned worldwide acclaim for spearheading one of the most dramatic corporate turnarounds in United States history. He took his company from "From Worst to First," which is also the title of his book.
Under his leadership, Continental Airlines won more awards for customer satisfaction than any competitor. Fortune magazine named Continental among the 100 Best Companies to Work for in America for six consecutive years. In his final year, Fortune ranked Continental No. 1.
Mr. Bethune is known for his incisive insights. He has an incredible capability for clarity. He could see easy and common-sense solutions in situations where all others saw were problems and confusion.
We are honored to celebrate Mr. Bethune's accomplishments and his incredible capabilities to cut through the clutter.
Gordon Bethune earned worldwide acclaim at Continental Airlines for spearheading one of the most dramatic corporate turnarounds in United States history.
When he joined the carrier as President and Chief Operating Officer in February 1994, Continental consistently ranked last in every measurable performance metric, including on-time performance, customer complaints and mishandled baggage.
Bethune quickly assumed the role of Chief Executive Officer in November 1994, and was elected Chairman of the Board of Directors in September 1996. His effort to rescue the financially troubled carrier was chronicled in his best-selling business novel,"From Worst to First".
Continental thrived under his leadership, winning more awards for customer satisfaction from J.D. Power and Associates than any other airline. Fortune magazine named Continental among the 100 Best Companies to Work for in America for six consecutive years. In his final year piloting the airline to success, Fortune magazine ranked Continental 1994's No. 1.
Prior to joining Continental, Bethune was Vice President and General Manager of the Boeing Commercial Airplane Group's Renton Division, where he was responsible for the 737 and 757 airplanes. He began his career with Boeing in 1988, and also served as that company's Vice President and General Manager of the customer services division.
Before joining Boeing, Bethune held a number of senior management positions in commercial airlines, including Vice President of Engineering and Maintenance for Braniff and Western Airlines, and Senior Vice President Operations for Piedmont Airlines. He also has served as a U.S. Navy aircraft maintenance officer.
Bethune holds a Bachelor of Science degree from Abilene Christian University at Dallas and is a 1992 graduate of Harvard Business School's advanced management program. In addition, he holds honorary doctorate degrees from the College of Aeronautics, Farleigh Dickinson University and Montclair State University.
Bethune is a licensed commercial pilot, type-rated on Boeing 757 and 767 aircraft as well as the DC-3. He also is licensed as an airframe and power plant mechanic.
Bethune is the lead director for Park Hotels and Resorts, an emeritus board member for New York Academy of Art, and also serves on the board of directors of Sprint Corporation. He formerly served on the board of directors of Honeywell International and Prudential Financial. He retired from Continental at the end of 2004.
Our honoree's perspective on success and their philosophy on life will blow your mind.
If you are serious about SUCCESS join us on August 29th
to learn from their insights and help us honor their legacy!
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PETROLEUM CLUB, Total Plaza, 1201 Louisiana, Houston 77002; 35th Floor
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