The National Association of Corporate Directors (NACD) announced local business leader Rhys J. Best as the 2014 NACD Director of the Year, a prestigious honor that he will receive on December 3 in New York City. Best, along with other corporate directors and leaders, have been selected as part of the NACD Directorship 100.
NACD North Texas Chapter President Renee Hornbaker said, “Rhys is very deserving of this award because of his exemplary board leadership. He serves as a role model for so many of us.” Nominees are evaluated in four key categories: integrity, mature confidence, informed judgment, and high performance standards.
Mr. Best is active in corporate leadership and governance through participation on a number of boards of directors. He currently serves on the Board of Directors of Cabot Oil and Gas (NYSE: COG); Commercial Metals Company (NYSE: CMC); MRC Global, Inc. (NYSE: MRC) and Trinity Industries (NYSE: TRN). As a member of Boards of Directors, he has served as lead director; a member of audit, compensation and governance committees; as well as other special committee assignments.In addition, Mr. Best is Chairman of the Board of Austin Industries, a leading commercial construction and industrial services company.
Recently, Mr. Best retired as Chairman of the Board of Crosstex Energy Services, LP (NASDAQ: XTEX), now EnLink Energy Partners LP (NYSE: ENLK).Previously, he was the Chairman and Chief Executive Officer of Lone Star Technologies, Inc. (NYSE: LSS). He retired from this position in June 2007, concurrent with the merger of Lone Star into United States Steel Company (NYSE: X).
Mr. Best began his career at Lone Star in 1989 as Vice President, Corporate Development and Treasurer. Later that year, he became President and Chief Executive Officer of Lone Star Steel Company (Lone Star’s largest operating unit), a position he held for eight years before becoming President, Chief Operating Officer and member of the board of Lone Star. Mr. Best became Chief Executive Officer of Lone Star in of June 1998 and Chairman in January 1999.
Before joining Lone Star, Mr. Best held several leadership positions in the banking industry.
Mr. Best, 67, is involved in a number of industry and civic organizations. He is a graduate of the College of Business at the University of North Texas and he earned a Masters of Business Administration Degree from Southern Methodist University.
For details about the NACD Directorship 100 gala, visit www.NACDonline.org/D100.
About National Association of Corporate Directors:
National Association of Corporate Directors (NACD) is the only membership organization focused exclusively on advancing exemplary board leadership. NACD was founded in 1977 as the only national membership organization created for and by directors. Its mission is to advance exemplary board leadership — for directors and by directors. Based on 35 years of experience, NACD identifies, interprets and provides insights and information that corporate board members rely upon to make sound strategic decisions, confidently confront complex business challenges and enhance shareowner value. To learn more about North Texas Chapter of NACD, visit http://www.directorship.com/ or call 214-363-3284.