Two entrepreneurs join board of trustees

Two oil and gas entrepreneurs have joined the university’s board of trustees.

The new trustees, Bruce Hunt and Duer Wagner, attended their first board meeting in November. Hunt is president of Dallas-based oil and gas company Petro-Hunt Corp. He is a parent of two TCU graduates and one current undergraduate student. Wagner, who is an alumnus, heads an oil and gas company named Duer Wagner III Inc., with offices in Dallas and Fort Worth.

Luther King, chairman of the board said the Committee on Trusteeship voted to add Hunt and Wagner to the board of trustees. The Committee on Trusteeship is made up of current trustees who review all trustees whose terms are expiring and review potential and new trustees, King said.

“We meet once a year,” King said. “The term for a board of trustees member is four years. As the fourth year is rolling around we review the upcoming trustees for reappointment.”

Chancellor Victor Boschini said that some years the Committee on Trusteeship decides to add members and other years it does not. He said the chair of the Committee on Trusteeship is the board’s vice chairman, Clarence Scharbauer.

The board officially voted to add the new members in April but they did not start until last month’s meeting, the second and final meeting of the year, Boschini said. The new members were nominated in January, he said.

A bylaw states that the board can have up to 50 members, Boschini said. With the addition of the two new members, the board has 46 members.

King said the board does not normally have the maximum number of 50 members. He said they like to keep the number of trustees in the 40s.

The board tried to find a well-rounded group of trustees who can contribute to the school in different ways, King said.

“We want to pick individuals that love TCU,” King said.

The board looks for people who are willing to give time to attend meetings and review material, King said. He said the board also looks for a balance geographically and a balance in gender.

The board currently has 12 women and 34 men. About 32 trustees are from the Dallas-Fort Worth area, according to the 2009-2010 catalog. Other trustees hail from Houston, Austin, San Antonio, Midland and Albany, as well as Miami, Chicago, Washington D.C. and Newtown Square, Pa.