McCombs School Honors Three Texans Who Make A Difference

2006 Hall of Fame Honorees

H. Scott Caven, Jr.
Managing Director and Texas Regional Manager,
Atlantic Trust Private Wealth Management

H. Scott Caven, Jr., BBA ’64, is managing director and Texas regional manager for Atlantic Trust Co., a private wealth management firm based in Boston and Atlanta. Before he opened the firm’s Houston office in 2003, he worked with Goldman Sachs from 1969 through 2001, where he founded the firm’s Houston office in 1975 and was vice president and regional manager for Houston, South Texas and Mexico from 1981 to 1997.

Currently a UT System Regent and chairman of the board of directors of The University of Texas Investment Management Company (UTIMCO), Caven has served in numerous capacities for the university. He was a member of the McCombs School’s Advisory Council from 1992 to 2003 (chairman, 1999-2000), a trustee of the McCombs School of Business Foundation from 1999 to 2003, and a director of the MBA Investment Fund from 1994 to 2003. He is a member of the university’s Littlefield Society and the McCombs School’s Friends of Hermes.

Caven has a long career of political involvement, starting in 1968 with an assistantship in the Office of Gov. John B. Connally, Jr. He was appointed by Gov. William P. Clements, Jr. to the Texas Strategic Economic Policy Commission in 1987 through 1989, and was the first chairman of the Texas Growth Fund Board of Trustees. He served in that capacity from 1989 through 1999, having been reappointed to the position by both Gov. Ann Richards and Gov. George W. Bush. He was a member of the 1999 and 2003 Texas Inaugural Committees and has served as state finance chairman for Gov. Rick Perry since 2001.

He has also served numerous community and nonprofit groups in leadership roles, including as past chairman and director for the Texas Business Hall of Fame Foundation, past treasurer and director for the Foundation for Jones Hall, former trustee and treasurer of the Friends of the Texas Historical Commission, director and vice president for the Houston Symphony Orchestra, director for Just For The Kids, and director of the YMCA of Greater Houston.

Caven holds both B.B.A. and L.L.B. degrees from The University of Texas at Austin, and Longhorn fever runs throughout the family. Caven’s father earned an L.L.B. from UT Austin in 1927, and his wife, Vivien, graduated with a B.Sc. degree from the College of Education. They have four children.

B. M. “Mack” Rankin, Jr.
Private Investor and Consultant

B. M. “Mack” Rankin, Jr., BBA ’50, is a private investor and management consultant with more than 50 years of experience in the oil and gas industry. After working 12 years with Hunt Oil Co., he and two partners from New Orleans, W. K. McWilliams, Jr. and James R. Moffett, founded McMoRan Exploration Co. in 1968. Rankin is presently vice chairman of both McMoRan Exploration Co. (NYSE) and Freeport-McMoRan Copper & Gold Inc. (NYSE), the world’s third-largest copper deposit and the single largest gold deposit in the world. Located in Indonesia, the firm is the lowest-cost producer in the world.

Active in his community, Rankin has served on the Board of Visitors of The University Cancer Foundation of The University of Texas M. D. Anderson Hospital Cancer Center, as director of the U.S. Oil & Gas Association and as chairman for the Chronic Lymphocytic Leukemia (CLL) Global Research Foundation. He received an Honorary “T” Letterman’s Award from the Men’s Athletic Department at The University of Texas at Austin. In addition, he is a member and past chairman of the Dallas Wildcat Committee. He is a member of the All-American Wildcatters and a past director of the Independent Petroleum Association of America, the Dallas Petroleum Landmen Association and the Texas Mid-Continent Oil and Gas Association.

Rankin, a devoted Longhorn, has one son, Richard, and is married to Ashley S. Rankin. He is an active member of many Dallas charitable organizations. He received a B.B.A. in 1950 from The University of Texas at Austin, and in 1981, he was named a Distinguished Alumnus by the College of Business Administration. He serves as a life member of the McCombs School of Business Advisory Council and is a member of the university’s Littlefield Society, Chancellor’s Council and the Longhorn Foundation Advisory Council for Men’s Athletics (past chairman).

Rankin also chaired the fundraising efforts for the renaming and renovation of the Royal-Texas Memorial Stadium. At the conclusion of that campaign, the Athletic dining hall was renamed the B. M. “Mack” Rankin, Jr. Longhorn Dining Hall in his honor. Rankin has also established several endowments at the university, including the B. M. “Mack” Rankin, Jr. Scholarship in Athletics and the B. M. “Mack” Rankin, Jr. Professorship in Business Administration.

William E. “Billy” Rosenthal
Chairman, Penrose Group, LLC

After graduating from The University of Texas at Austin in 1972 with his B.B.A., William E. “Billy” Rosenthal began his career in his father’s meat business, Standard Meat Co., which was ultimately sold to Sara Lee Corp. in 1983. He remained at Sara Lee as president of Standard Meat until 1989.

In 1990, Rosenthal established Rosani Foods, which eventually led to the formation of KPR Foods in 1992. Rosenthal retired in 1998 from KPR Holdings, LP to pursue other business interests and focus his attention on the “new” Standard Meat Co. and Penrose Group, LLC, a company that oversees all of his investments. He currently serves as chairman of the Penrose Group, LLC, Standard Meat Co. and CTI Foods.

Both he and his wife Rozanne (B.S. ’73) remain active at the university. They established the Billy and Rozanne Rosenthal Endowment for Excellence in Business Education in 2003, and Rosenthal is a member of the university’s Littlefield Society, Chancellor’s Council and McCombs School’s Advisory Council, and is a Texas Exes life member.

The Rosenthals have generously supported numerous local and national philanthropic and community organizations, including the Lone Star Ride Fighting AIDS, the Nancy Lee and Perry R. Bass Performance Hall, Temple Beth-El, Cook Children’s Medical Center and the American Foundation for AIDS Research. In 1999, they were presented with the Humanitarian Award from the National Jewish Medical and Research Center, a global leader in research and treatment of lung, allergic and immune diseases.

As a father of three children—Ashli, Ben and Maddie—he was one of three Dallas/Fort Worth men honored with the 2003 Father of the Year Award. Billy Rosenthal has served on several boards in the Fort Worth area, including Shady Oaks Country Club, Cook Children’s Medical Center, Fort Worth Club, Fort Worth Symphony, Beth-El Congregation and Fort Worth Zoo. He is also a trustee of Texas Christian University and the M.D. Anderson Cancer Center Board of Visitors.