Douglas Foshee is an American businessman.

Career

Foshee earned a bachelor's degree from

Southwest Texas State University Texas State University is a public university, public research university in San Marcos, Texas. Since its establishment in 1899, the university has grown to the second largest university in the Greater Austin, Greater Austin metropolitan area ...

in 1982 and an MBA from

Rice University William Marsh Rice University (Rice University) is a Private university, private research university in Houston, Houston, Texas. It is on a 300-acre campus near the Houston Museum District and adjacent to the Texas Medical Center. Rice is ranke ...

in 1992. Foshee worked for ARCO International Oil and Gas as an energy lender and served as CEO of Torch Energy Advisors. Foshee became CEO of Nuevo Energy in 1997, but quit in 2000 after Nuevo's board decided to pay his bonus in stock options instead of in cash. In 2001, Foshee became the CFO of Halliburton, where he handled an SEC investigation and litigation regarding asbestos. In 2003,

El Paso Corp. El Paso Corporation was a provider of natural gas and related energy products and was one of North America's largest natural gas producers until its acquisition by Kinder Morgan in 2012. It was headquartered in Houston, Texas. United States. Pr ...

hired Foshee as its CEO. In 2012, Foshee served as the lead negotiator for El Paso in

Kinder Morgan Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately of ...

's purchase of El Paso. Shareholders of El Paso sued to stop the merger, alleging that Foshee had failed to get the best price for El Paso, but Delaware judge

Leo E. Strine Jr. Leo E. Strine, Jr. (born 1964) is an American attorney and retired judge for the state of Delaware. He served on the Delaware Court of Chancery as vice chancellor from 1998 to 2011 and chancellor from 2011 to 2014, and as the chief justice of the ...

allowed the deal to go through. Foshee has served as a director or trustee for

Cameron International Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...

Corporation, AIG Credit Facility Trust, EP Energy LLC, and El Paso Corp. Foshee served as a trustee of AIG after it was bailed out by the government in 2008.

Other activities

Foshee donated $750,000 to Jeb Bush's 2016 presidential candidacy.

References

{{DEFAULTSORT:Foshee, Douglas Living people American businesspeople Texas State University alumni Rice University alumni Jesse H. Jones Graduate School of Business alumni Year of birth missing (living people)