Douglas L. Foshee

Sallyport Investment, LLC
(Rice MBA '92)

Douglas L. Foshee is former chairman, president, and chief executive officer of El Paso Corporation, which owned North America’s largest natural gas pipeline system and one of North America’s largest 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 Inc. in various capacities, including chief operating officer 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, Texas Business Hall of Fame Foundation, Central Houston, Inc., Greater Houston Partnership, and Houston Endowment Inc. He also formerly chaired the board of directors of The Federal Reserve Bank of Dallas, Houston Branch. 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 a 77.9-percent equity interest in American International Group (AIG). 

Foshee is a member of the Independent Petroleum Association of America, National Petroleum Council, the Council of Overseers for the Jesse H. Jones Graduate School of Management at Rice University, Rice University’s board of trustees, and KIPP’s board of trustees. He is a recipient of the 2007 Ellis Island Medal of Honor for his commitment to helping children succeed and his leadership role in the business community. In 2008, Foshee was named Distinguished Alumni at Texas State University.