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:

Wesley Bownds
1st Vice Chair

Board

Wesley Bownds is the Permian Basin Regional President for Frost Bank. Prior to his forty-year banking career in Midland, he earned a Bachelor’s of Business Administration degree from Texas A&M University. Along with the MDC board, Wesley serves on the Midland Chamber of Commerce Boar...

Stephen Lowery
2nd Vice Chair

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 CF...

Chase Gardaphe
Secretary

Board

Chase Gardaphe is a real estate developer focused on developing and managing manufactured housing communities.  He is a graduate of the Texas A&M School of Architecture and received his MBA from Southern Methodist University.  Chase has served on the Planning and Zoning commission for th...

Berry Simpson
Treasurer

Board

Berry Simpson is a registered Professional Petroleum Engineer, licensed since 1986. He has worked with a variety of oil and gas producers in Midland since 1982, including Apache, Williamson, EGL Resources, BP, Great Western, Beach Exploration, Chevron, Mobil, and Amerada Hess Corporation. He earned ...

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Board Staff

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