Board of Directors

Midland is home to large corporations, innovative entrepreneurs, thriving family businesses, and cultural activities. Many of our area leaders have generously donated their time to growing Midland’s economy by serving on the MDC board. Their leadership, guidance and insight has been valuable to our organization and the many businesses we have helped to grow in Midland.

The Midland Development Corporation is governed by a five-member board. Board members are appointed by the Midland City Council and commit to serving three-year terms. The current Midland Development Corporation Board of Directors are:

Brent D. Hilliard
Chairman

Board

Brent D. Hilliard is the founder and President of The Hilliard Companies, LLC. He grew up in the Permian Basin and has lived in Midland the majority of his adult life. Brent is married and has three grown sons. He is presently a Deacon and...

Keith Stretcher
1st Vice Chair

Board

Keith Stretcher has been a long-time resident of Midland, Texas. He was the City Attorney for the City of Midland from 1992 to 2015 and is certified in Texas Municipal Law. Prior to becoming the City Attorney he worked in the Midland City Attorney’s Office...

Gary D. Douglas
2nd Vice Chair

Board

Gary D. Douglas is the Co-President of Wagner & Brown, Ltd., having been with the company since 1987. Prior to joining Wagner & Brown, Ltd., he was a shareholder in the law firm of Stubbeman, McRae, Sealy, Laughlin & Browder, Inc. Born in Abilene, Texas,...

Wesley Bownds
Secretary

Board

Wesley Bownds is a native of Andrews, Texas. After graduation from Andrews High School, he attended Texas A&M University and earned a Bachelor's of Business Administration Degree. Wesley moved to Midland in 1980 and began his 34-year banking career with the First National Bank of...

Stephen Lowery
Treasurer

Board

Stephen Lowery is a managing principal of Red Beard Capital LLC (RBC), who engages in sourcing and managing various investments for their clients. Prior to co-founding RBC, he was employed by Henry Investment Group (HIG) within business development. Before joining HIG, Stephen was the CFO...

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Board Staff

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