Danny Phillips, a Colleyville, Texas, resident and owner of the Diamond P Longhorn Ranch in Lindale, was elected to the board of directors of workers’ compensation insurer Texas Mutual Insurance Co. Phillips was elected unanimously at the company’s annual policyholder meeting.
In addition to owning the Diamond P Ranch, Phillips manages his own financial investments and serves on the board of a number of community and higher education organizations. He is currently the board chairman for the Fortress Youth Development Center in Fort Worth, Texas. He also serves on the board of regents at Pepperdine University in Malibu, Calif., and on the investment board of Abilene Christian University in Abilene, Texas. Additionally, Phillips is a member of the board of directors for Taigan.com and Ministry Ventures.
After starting his career as a certified public accountant, Phillips served in various financial and executive roles at Harken Energy Corporation, Aloha Petroleum and AdvancePCS, among others.
At AdvancePCS, Phillips — as the chief financial officer — helped grow the firm from a small, privately owned company into a Fortune 500 corporation that became the largest provider of pharmacy benefit management services in the nation.
Source: Texas Mutual Insurance Co.