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Board of Directors

Board of Directors

Thomas M. Dunning

Thomas M. Dunning has served as our Director since October 2007 and in July 2010 was elected Lead Independent Director by our board of directors.  Since his retirement in 2008 as Chairman of Lockton Dunning Benefits, a company specializing in the design and servicing of employee benefits, he has served as Chairman Emeritus.  Mr. Dunning also served as Chairman and Chief Executive Officer of Lockton Dunning Benefit Company, its predecessor company, from 1998 to 2007 following the 1998 acquisition of Dunning Benefits Corporation by the Lockton Group of Companies.  Mr. Dunning currently serves on the boards of directors of American Beacon Funds, BancTec, Baylor Health Care System Foundation, Oncor Holdings, and a number of non-profit organizations.  He is also a former Chairman of the Dallas Fort Worth International Airport board and a former director of the Southwestern Medical Foundation.

Robert A. Estrada

Robert A. Estrada has served as our Director since October 2007.  Mr. Estrada is Chairman of the Board and Chief Compliance Officer of Estrada Hinojosa & Company, Inc., an investment banking firm specializing in public finance that he co-founded in 1992.  In addition to these positions, he also served as President and Chief Executive Officer of the firm from 1992 to 2006.  Since its inception, Estrada Hinojosa & Company, Inc. has been involved in municipal bond underwritings totaling over $80 billion and has provided financial advisory services on financings totaling more than $50 billion.  Mr. Estrada is a member of the boards of directors of Oncor Holdings and several civic and arts organization boards.  From 2001 until 2008, Mr. Estrada served on the Board of Regents of the University of Texas System, a system with over 60,000 employees and a budget of approximately $14 billion, pursuant to an appointment by the Governor of Texas.  While serving on the University of Texas System Board of Regents, Mr. Estrada chaired its audit, compliance and management review committee.  From 2004 until 2010, he served two consecutive terms on the board of directors of the Federal Reserve Bank of Dallas.  From 1990 to 1994, Mr. Estrada also served on the board of directors of the Student Loan Marketing Association (Sallie Mae), a $45 billion entity and was a member of the board’s executive committee.  

 
Thomas D. Ferguson
 
Thomas D. Ferguson has served as our Director since January 2011.  Mr. Ferguson currently serves as a Managing Director of Goldman, Sachs & Co., having joined the firm in 2002.  Mr. Ferguson heads the asset management efforts for the merchant bank’s U.S. real estate investment activity.  Mr. Ferguson serves on the board of EFH Corp. and is on the board of managers of EFIH.  Mr. Ferguson formerly held board seats at American Golf, one of the largest golf course management companies in the world, Agricultural Company of America Partners, LP, an owner and manager of agriculture real estate, Nor1, a provider of revenue enhancement solutions to the travel industry,  Associated British Ports, the largest port company in the UK, Red de Carreteras, a toll road concessionaire in Mexico and Carrix, one of the largest private container terminal operators in the world.
 
Printice L. Gary
 
Printice L. Gary has served as our director since February 2014.  Mr. Gary is the founding partner of, and since its founding in 1991 has served as the chief executive officer of, Carleton Residential Properties, a real estate firm engaged in investing, developing, general contracting and asset management of properties throughout Texas and the Southwest. His prior business experience includes serving as a Texas division partner for multi-family development with Trammel Crow Residential from 1985-1991 and serving as the president of Centex Corporation’s homebuilding and mortgage banking subsidiary, Fox & Jacobs Homes, from 1978-1985.  Mr. Gary also currently serves on the board of directors of the National Equity Fund, Inc., a Chicago-based nonprofit tax credit syndicator and asset manager that has sourced and invested over $10 billion in affordable housing production across the nation.  Mr. Gary has also served on the governing bodies of various state entities pursuant to appointments by the Governor(s) of Texas, including the board of directors of the University of Texas Investment Management Company, a $27 billion endowment fund, from 2009 until 2013, the University of Texas System Board of Regents from 2007 until 2013, where he was chairman of the facilities planning and construction committee, the University of Texas System Board for Lease of University Lands from 2008 to 2013, the Texas State Tax Reform Commission in 2003, and the North Texas Tollway Authority board of directors from 1996 to 2000.
 
William T. Hill, Jr.
 
William T. Hill, Jr. has served as our Director since October 2007.    In 2012, Mr. Hill began practicing law with the law firm of William T. Hill, Jr., Attorney at Law.  Prior to 2012, he was of counsel to the Dallas criminal defense law firm of Fitzpatrick Hagood Smith & Uhl LLP.  In 2007, he served as Director of Strategic Initiatives of Mercy Street Ministries. From 1999 to 2007, Mr. Hill was Criminal District Attorney of the Dallas County District Attorney’s office.  Mr. Hill serves on the boards of directors of Hilltop Holdings, Incorporated, a New York Stock Exchange listed company in the insurance industry, Baylor Hospital Foundation, Oncor Holdings and a number of charitable organizations.
 
Jeffrey Liaw
 
Jeffrey Liaw has served as our Director since November 2007.  Mr. Liaw currently serves as the Chief Financial Officer of FleetPride, Inc., a nationwide distributor of heavy-duty truck and trailer parts, a position he has held since December 2012.  From 2005 until December 2012, Mr. Liaw served as a principal with TPG, focusing on their energy and industrial investing practice areas.  TPG is a leading private investment firm with approximately $55 billion in assets under management.  Before joining TPG in 2005, he worked for Bain Capital in its industrials practice since 2001.  Mr. Liaw also serves on the board of directors of Armstrong World Industries, Inc., a New York Stock Exchange-listed designer and manufacturer of floors and ceilings, and Oncor Holdings, and is on the board of managers of EFIH.  Mr. Liaw also previously served on the boards of directors of Graphic Packaging Holding Company, a New York Stock Exchange-listed provider of packaging solutions, and EFH Corp.

Timothy A, Mack

Timothy A. Mack has served as our director since February 2014.  Mr. Mack has been a member of the Dallas, Texas law firm, Mack Matheson & Marchesoni PLLC, since March 2009.  Prior thereto, Mr. Mack was a partner at an international law firm, Hunton & Williams LLP, and its predecessor firm in Dallas, Texas, where he had practiced law since 1980.  Mr. Mack's law practice focuses on energy-related matters, particularly finance, securities, corporate and partnership law, corporate governance and mergers and acquisitions.  Mr. Mack is a member of the board of directors of various local non-profit organizations.

Rheal R. Ranger      

Rheal R. Ranger has served as our Director since October 2012.  Mr. Ranger currently serves as Executive Vice President with Borealis Infrastructure Management Inc. (Borealis), the infrastructure investment arm of Canada’s OMERS pension plan, a position he has held since January 2012.  In such role, he is responsible for leading and managing Borealis's transaction team in New York.  Prior to assuming this role, he was Borealis's Executive Vice President and Chief Financial Officer, a position that he fulfilled since joining Borealis in June, 2004.  From 1987 to 2004, he served in various executive management positions (including CFO and CEO) within the Standard Broadcasting group of companies, one of Canada’s largest broadcast companies, and from 1982 to 1987 he served as a Tax Manager with Arthur Andersen, a large international accounting firm. In his role as an officer of Borealis, Mr. Rheal has been appointed as an officer and director of several Borealis affiliates and companies in which Borealis invests.  He has served as a director for Midland Co-Generation Venture, a 1633MW gas fired power plant located in Midland, Michigan, since December 2012. 
 
Robert S. Shapard 

Robert S. Shapard has served as the Chairman of our Board of Directors and Chief Executive since April 2007.  Mr. Shapard joined EFH Corp.’s predecessor in October 2005 as a strategic advisor, helping implement and execute growth and development strategies for Oncor. Between March and October 2005, he served as Chief Financial Officer of Tenet Healthcare Corporation, one of the largest for-profit hospital groups in the United States, and was Executive Vice President and Chief Financial Officer of Exelon Corporation, a large electricity generator and utility operator, from 2002 to February 2005.  Before joining Exelon, he was executive vice president and chief financial officer of Ultramar Diamond Shamrock, a North American refining and marketing company, since 2000.  Previously, from 1998 to 2000, Mr. Shapard was CEO and managing director of TXU Australia Pty. Ltd., a subsidiary of the former TXU Corp., which owned and operated electric generation, wholesale trading, retail, and electric and gas regulated utility businesses. Mr. Shapard has served since September 2013 as a member of the board of directors and audit committee of Leidos Holdings, Inc. (formerly SAIC, Inc.), a New York Stock Exchange-listed provider of scientific, engineering and systems integration services.   Mr. Shapard is also a director of Oncor Holdings and a manager of Bondco.  He also serves as chairman of the board of directors of Gridwise® Alliance, the nation’s foremost smart grid organization.

 

Richard W. Wortham, III

Richard W. Wortham III has served as our Director since October 2007.  Since 1976 he has served as Trustee of The Wortham Foundation, Inc., a private philanthropic foundation with assets of approximately $260 million dedicated to the support and development of Houston’s cultural fabric.  Mr. Wortham has served as President of the Wortham Foundation, Inc. since November 2011 and served as Secretary and Treasurer from November 2008 until November 2011.  From November 2005 to November 2008, he was Chairman and Chief Executive Officer of that foundation.  Mr. Wortham also serves as a Trustee and member of the audit committee of HC Capital Trust, a $14 billion family of mutual funds, and the Center for Curatorial Studies at Bard College and is a Life Trustee and Treasurer of The Museum of Fine Arts, Houston.  Mr. Wortham is also a director of Oncor Holdings.  Additionally, Mr. Wortham has held a leadership role in several companies, including a founding role in several national banks.

Steven J. Zucchet 

Steven J. Zucchet has served as our Director since November 2008.  Mr. Zucchet is a Senior Vice President of Borealis Infrastructure Management, Inc. (Borealis), an investment arm of Canada’s OMERS pension plan, a position he has held since November 2003.  From 1996 until joining Borealis, Mr. Zucchet served as Chief Operating Officer of Enwave Energy Ltd., where he was responsible for operations and major infrastructure projects.  In his role as an officer of Borealis, Mr. Zucchet has been appointed as an officer and director of several Borealis affiliates and companies in which Borealis invests.  His focus at Borealis is in the energy sector, where he leads the pursuit of investment opportunities in the energy sector and is responsible for asset management.

 

 

 Board Committees

 
Robert A. Estrada (chair)
Printice L. Gary
Rheal R. Ranger
 
Thomas M. Dunning
Jeffrey Liaw
Richard W. Wortham, III (chair)
Steven J. Zucchet
 
Thomas D. Ferguson
William T. Hill, Jr. (chair)
Richard W. Wortham, III
Steven J. Zucchet
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