The 2014 Business Hall of Fame will honor I. Jon Brumley, president and CEO of Bounty Minerals LLC, as Fort Worth’s Business Executive of the Year. Brumley has listed eight companies on the New York Stock Exchange and is a founder of all but two.
The Forbes Magazine 2005 Entrepreneur of the Year began his energy career in 1967 as a risk analyst with Southland Royalty. In 1986, he co-founded XTO Energy. In 1998, Brumley co-founded Encore Acquisitions Company, which was sold to Denbury Resources in 2010. Today, Brumley’s entrepreneurial spirit has led him to build yet another company, Bounty Minerals.
Brumley has generously dedicated his time and resources to the local and state community. He and his wife, Becky, established the Red Oak Foundation in 1991 to offer scholarship opportunities for students planning to become public school teachers in Texas. Red Oak expanded in 1997 to provide books and a foundation for reading to disadvantaged children. Red Oak Books has given over 460,000 books through these activities and will give away more than 37,000 books this year to young children and their parents.
Brumley is a member of the Fort Worth Stock Show and Rodeo Executive Committee, Texas Coalition for Excellence in Higher Education and Texas Heart Institute Development Committee (2012).
Brumley will speak to the Texas Wesleyan community from 9:30 to 10:30 a.m. Thursday, Oct. 2, in Martin Hall. Students, faculty and staff are welcome and admission is free.
Each year, Texas Wesleyan partners with the Fort Worth Business Press and the Fort Worth Chamber to present the Business Hall of Fame. The event recognizes an individual who has made a profound impact on the business world and promotes business as a challenging and dynamic profession.
Proceeds from the event fund the Thomas H. Law Scholarship program in support of Texas Wesleyan business students. Sponsors for this year’s event include presenting sponsor Frost Bank and reception sponsors TTI, Inc. and Capital One Commercial Banking.