Stanford Alexander, Chairman of Weingarten Realty Investors, to be Inducted Into Texas Business Hall of Fame
HOUSTON–(BUSINESS WIRE)–Sept. 26, 2001
Alexander Recognized for Expanding Houston-based WRI
into Leading Real Estate Investment Trust and His
Commitment to Community Service
Native Houstonian Stanford Alexander, chairman of Weingarten Realty Investors, a real estate investment trust with over 282 income producing properties spanning the southern United States, has been selected for induction into the 2001 Texas Business Hall of Fame.
Alexander is among four Texas business legends who will be honored and officially inducted at the foundation’s annual dinner Thursday, Oct. 18, 2001, at the George R. Brown Convention Center in Houston.
The Texas Business Hall of Fame honors members of the state’s business community whose visions and careers have helped to place Texas at the forefront of the 21st century economy. Additionally, the foundation will honor 23 Texas college and university MBA students, awarding each a $5,000 scholarship.
Alexander’s fellow inductees are:
— Rod Canion, co-founder of Compaq Computer Corporation and current chairman
of Insource Technology Group, a Houston-based eServices consulting firm and
chairman of Houston-based Questia Media Inc., a comprehensive research service
site for high school and college students doing research papers in social
sciences and humanities courses.
— Don Jordan, retired chairman of the board, and chief executive officer of
Reliant Energy Inc., an international energy services and delivery company.
— Chuck Watson, chairman and chief executive officer of Dynegy Inc., a leading
provider of energy and communications solutions to customers in North America
Born in Houston on Aug. 15, 1928, Alexander was educated in the Houston public school system as well as later attending the University of Texas, graduating in 1949. He received his MBA from Harvard in 1951 and then served a two-year tour of duty in the U.S. Air Force with a rank of First Lieutenant. Upon returning from the service he joined J. Weingarten, a family-owned 87-store supermarket firm in an executive training program working in various operating areas.
Alexander found immediate success, first becoming director of Weingarten Markets Realty Company, then in 1962 he became the company’s second president and CEO, and today he is currently chairman. When the realty company was first formed in 1948 there were four part-time employees and approximately $60,000 in cash. Today WRI’s total market capitalization is over $2 billion with common shares listed on the New York Stock Exchange as well as 17 regional offices and 270 employees.
Alexander’s leadership and smart-sense has propelled Weingarten Realty Investors into a major real estate investment trust. Back in the 1980’s when Houston was in an economic downturn and construction was excessive due to loan availability, Alexander held back construction being careful where and when to build. His keenness and watchful eye on the market brought about WRI’s success unlike many others who floundered and saw great losses.
Alexander’s accolades are many and have been attributed to his business savvyness as well as his passion and support for the people of Houston. From 1986 through 1993 Alexander received the Bronze, Silver and Gold Awards from The Wall Street Transcript for the best CEO of a public real estate company. In 1987, he was selected as one of the 25 people credited with changing Houston from a sprawling prairie to the nation’s 7th largest metropolitan area. BusinessWeek also honored Alexander by naming him to its 1988, 1989, 1990 and 1992 Corporate CEO List and in May of 1990, the Houston Chapter of the Stanford Business School Alumni Association honored Alexander with the Houston Businessman of the Year Award.
Mr. Alexander’s involvement in his community reaches far, from his position as a director of the Greater Houston Partnership board of directors to director of the National Conference of Christians and Jews. He is also a director of the University of Texas M.D. Anderson Cancer Center/The University Cancer Foundation Board of Members, a trustee of the National Jewish Center for Immunology and Respiratory Medicine Council of National Trustees and serves as an advisory director of the Prostate Cancer Board (MD Anderson) and the University of Houston Downtown board.
The list of his involvement in his community continues but not without recognition. The National Conference of Christians and Jews honored Alexander with one of their Brotherhood Awards in April of 1992. A year later he was a 1993 Houston Entrepreneur of the Year finalist. He received the REIT Industry Leadership Award from NAREIT in 1998 and in 1999 he was inducted to the Houston Association of Realtors (Commercial Division) Hall of Fame. He and his wife, Joan, are recipients of the 1999 AIPAC Melvin A. Dow Leadership Award and most recently the 2001 Ima Hogg Award. Also this year he received the National Jewish Medical & Research Center Chairman’s Award.
The Texas Business Hall of Fame Foundation is a non-profit organization of 100 directors who are business leaders from cities throughout the state. For the past 19 years, the foundation has recognized exceptional achievement in business by inducting Texas business legends into The Texas Business Hall of Fame, and at its annual awards dinner, raises funds for the organization’s scholarship program. The organization’s mission is to recognize the accomplishments and contributions of Texas business leaders, to perpetuate and inspire the values of entrepreneurial spirit, personal integrity and community leadership in all generations of Texans. This mission is achieved by inducting honorees at the annual dinner, disseminating information about their accomplishments throughout the state and providing financial support for business education in Texas. To date, more than $1.7 million has been awarded in scholarships to students pursuing a business education at Texas’ leading institutions of higher learning.
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