Paul L. Foster

Biography

Paul L. Foster is the President of Franklin Mountain Management, LLC. He is the founder and former Executive Chairman of Western Refining, Inc., a Fortune 200 oil refining and marketing company prior to its sale in 2016 to Tesoro, Inc., now owned by Marathon Petroleum.

Mr. Foster serves as a director on the boards of Franklin Mountain Capital, LLC, Franklin Mountain Energy, LLC, Jordan Foster Construction, Vomaris Innovations, Inc., the El Paso branch of the Dallas Federal Reserve Bank, and WestStar Bank.  Previously, Mr. Foster served as the Chairman of the University of Texas System Board of Regents for four years and served as its Vice Chairman for eight years.  He also served as the Chairman of the University of Texas Investment Management Company (UTIMCO) and is a former member of the University of Texas System’s University Lands Advisory Board.  He is a past member of the Texas Higher Education Coordinating Board and the Texas Business Leadership Council. He was the founding Chairman of El Paso Regional Economic Development Corporation (REDCo).

Mr. Foster now serves on the Executive Committee of the Borderplex Regional Economic Alliance and is a member of the World Presidents’Organization.  He and his wife, Alejandra de la Vega Foster, are philanthropists and significant supporters of the Borderplex cities of El Paso, Texas, Las Cruces, New Mexico, and Ciudad Juarez, Mexico. They are co-founders of Mountain Star Sports Group, owners of the El Paso Chihuahuas Triple-A Baseball team, the FC Juarez Bravos Liga MX Soccer club, and the El Paso Locomotive USL Soccer club.    

A catalyst in the revitalization of El Paso’s Downtown, Mr. Foster purchased and restored several buildings in what is now called the Mills Plaza District. His latest investment in the City’s center is the landmark Plaza Hotel, which will soon be restored and opened under a private hotel brand.

Mr. Foster has received the Baylor University Distinguished Alumni Award, was inducted into the 2013 Class of the Texas Business Hall of Fame, and in 2007 and 2013 was presented with the City of El Paso’s highest honor, the Conquistador Award.  He was named El Pasoan of the Year twice, inducted into the El Paso Business Hall of Fame, and was named as El Paso’s Entrepreneur of the Year.

Since 2007, the Foster Family has donated over $182 million to charitable causes and organizations, including $77.3 million to initially fund the Paul L. Foster Family Foundation in 2018.  The Fosters have given generously to initiatives in Texas and the El Paso Borderplex region, including significant civic and charitable donations.  Gifts include a $50 million donation to create the Paul L. Foster School of Medicine at the Texas Tech University Health Sciences Center in El Paso.  The Fosters also gave $35 million to Baylor to support the construction of Baylor Stadium, and to build the Paul L. Foster Campus for Business and Innovation, which houses the Hankamer School of Business at Baylor University.  The Foster’s donation represents the largest gift from a living alumnus in Baylor's history.  Additionally, they made a $3 million donation to establish the Paul L. Foster Success Center at Baylor University.  Mr. Foster and his long time friend and business associate, Jeff Stevens, donated $6 million to fund the Foster-Stevens Basketball Complex on the campus of the University of Texas at El Paso and Mr. Foster donated $5 million for the Sun Bowl Transformation Project. In addition, the Fosters donated $500,000 to help fund La Mano Amiga, an operations facility for El Pasoans Fighting Hunger.  Mr. and Mrs. Foster also gave $2 million to the El Paso Zoo, to provide ongoing, year-long memberships for military families, as well as to fund the Foster Tree House Playground and support other Zoo projects. Mr. and Mrs. Foster also presented a $1 million gift to the New Mexico State University Foundation in support of Arrowhead Center, the university’s regional entrepreneurship and innovation hub.  Going forward, the majority of the Foster Family’s charitable contributions are planned to occur through the Paul L. Foster Family Foundation.