Paul B. Loyd Jr. (born 1946) is an American businessman. From 1997 to 2001, he served as chairman and chief executive officer of the R&B Falcon Corporation, the world's largest offshore drilling company, until it merged with

Transocean Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, ...

. Transocean has named a

semi-submersible Semi-submersible may refer to a self-propelled vessel, such as: *Heavy-lift ship, which partially submerge to allow their cargo (another ship) to float into place for transport *Narco-submarine, some of which remained partially on the surface *S ...

after him.

Early life

He graduated from

Southern Methodist University Southern Methodist University (SMU) is a Private university, private research university in Dallas, Texas, United States, with a satellite campus in Taos County, New Mexico. SMU was founded on April 17, 1911, by the Methodist Episcopal Church, ...

Dallas, Texas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

with a Bachelor of Business Administration in Economics in 1968, where he played on the football team. He played in the 1966

Southwest Conference The Southwest Conference (SWC) was an NCAA Division I college athletic conference in the United States that existed from 1914 to 1996. Composed primarily of schools from Texas, at various times the conference also included schools from Oklaho ...

for SMU in 1966. In 1967, he was elected captain of the SMU football team and played in the

Cotton Bowl Classic The Cotton Bowl Classic (also known as the Cotton Bowl) is an American college football bowl game played annually in the Dallas–Fort Worth metroplex since January 1, 1937. The game was originally played at its Cotton Bowl (stadium), namesake ...

. He later received an M.B.A. from the

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

Career

He served as assistant to the president of

Atwood Oceanics Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas. In October 2017, the company was acquired by Ensco plc. The company owned and operated 4 ultra-deepwater drillships, 2 ultra-deepwater semisubmersibles ( ...

, president of Griffin-Alexander Company, and chief executive officer of Chiles-Alexander International. From April 1991 to December 1997, he served as chairman and CEO of the Reading & Bates Corporation. From December 1997 to January 2001, he served as chairman and CEO of R&B Falcon Corporation until its merger with

. He served as a consultant to the Government of

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

. He is the founder and principal of Loyd & Associates, an investment company focusing on the energy industry, since 1989. He was a member of the board of directors of Enterprise Oil until its merger with

Royal Dutch Shell Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New ...

in 2002, and of

Vetco Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and J ...

until its merger with

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

in 2007. He was a member of the board of directors of Frontier Oil from 1994 to 2011, when it merged with

HollyFrontier HF Sinclair Corporation (HF Sinclair) is an energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, amo ...

, where he serves on the board. He also was a member of the board of directors of Carrizo Oil & Gas. He has been an executive-in-residence of J.P. Morgan Capital Partners since 2002. He sits on the board of trustees of his alma mater, Southern Methodist University, and the executive board of the

Cox School of Business The Edwin L. Cox School of Business is an American business school that is part of Southern Methodist University (SMU) in Dallas, Texas. The SMU Cox School of Business is headquartered in four buildings on SMU's 210-acre main campus five miles ...

Philanthropy

In 2012, he donated US$5 million to SMU for the construction of new student housing building, called Loyd Commons. Prior to that, he donated the Paul B. Loyd Jr. All Sports Center. He also serves on the board of trustees of the Houston Children's Charity and the

Boys & Girls Clubs of America Boys & Girls Clubs of America (BGCA) is a national organization of local chapters which provide voluntary after-school programs for young people. The organization, which holds a congressional charter under Title 36 of the United States Code, has i ...

for

American Samoa American Samoa is an Territories of the United States, unincorporated and unorganized territory of the United States located in the Polynesia region of the Pacific Ocean, South Pacific Ocean. Centered on , it is southeast of the island count ...

. His wife, Penny, chairs the Marshall Plan Charities for Afghanistan and serves on the advisory board of Boys and Girls Clubs. Loyd played a role in the 2021–2024 NCAA conference realignment from the

American Athletic Conference The American Athletic Conference (AAC), also known as The American, is a collegiate List of NCAA conferences, athletic conference in the United States, featuring 13 full member universities and 6 affiliate member universities that compete in t ...

to the

Atlantic Coast Conference The Atlantic Coast Conference (ACC) is a collegiate List of NCAA conferences, athletic conference in the United States. Headquartered in Charlotte, North Carolina, the ACC's eighteen member universities compete in the National Collegiate Athlet ...

(ACC). He was one of a group of roughly 15 boosters who committed to donating enough to the SMU athletic program to allow the school to forego any ACC media revenue for its first nine years as an ACC member.

Personal life

He is married to Penny Requa Loyd and they have 5 children and reside in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

References

{{DEFAULTSORT:Loyd, Paul B. Jr. 1946 births Businesspeople from Houston Harvard Business School alumni Living people Players of American football from Houston SMU Mustangs football players Southern Methodist University alumni