Friday morning, officials with Hunt Companies announced the addition of Edward Escudero as a new independent member of its Board of Directors.
“Mr. Escudero’s appointment to the Hunt Board of Directors continues our effort to bring external expertise to bear on our business governance,” said Woody Hunt, Senior Chairman of the Board. “Now, eight of the twelve board members come from outside the company and add a significant depth of experience and guidance to our privately-held company.”
Escudero is President and CEO of Sierra Finance, an El Paso-based small-business financing company. He is also Vice Chairman of WestStar Bank, a $2 billion regional bank headquartered in El Paso.
Until 2013, Mr. Escudero was Executive Vice President and CFO of C&R Distributing, a major distributor of fuel and lubricants and owner of various convenience stores in West Texas and Southern New Mexico. He also served as Secretary and CFO of Petro Stopping Centers, L.P.
During his tenure at Petro, the Company grew to have locations in 34 states and sales of over $2 billion. While at Petro, he held the vital role of managing various departments within the Company, including Accounting, Legal, Human Resources, Audit, Financial Planning, and Information Systems. In 2007, Mr. Escudero was instrumental in assembling the sale of Petro.
Mr. Escudero serves on several boards including El Paso Electric Company, Medical Center of the Americas Foundation, the Hospitals of Providence Transmountain Campus, El Paso Community Foundation Investment Committee, El Paso Hispanic Chamber of Commerce and is Chairman of Trellis Company (formerly Texas Guaranteed Student Loans). He also served on the Texas State Securities Board from 2007-2011.
Mr. Escudero has received several awards that recognize his achievements and philanthropic efforts, including the Community Spirit Award in 2015, El Paso Business Hall of Fame in 2014, Hispanos Triunfadores in 2013, and the UTEP Gold Nugget Award in 2012.
Mr. Escudero, a CPA, received a B.B.A. in Accounting from the University of Texas at El Paso.