Paula and Steve Letbetter ’70, of Houston, have committed $1 million to endow a chair in business at Mays. Their gift creates the Paula and Steve Letbetter ’70 Leadership Chair in Business, which supports the teaching, research, service and professional development of a Mays faculty member.

“Faculty are the catalyst for great programs and great opportunities for students,” said Dean Jerry Strawser. “The Letbetters’ generosity will enable us to recruit and retain the very best faculty and provide our students with the type of educational experience they richly deserve.”

Steve graduated from Texas A&M in 1970 with a degree in accounting. In 1974 he joined Houston Lighting & Power, the predecessor to Reliant Energy. The remainder of his career was spent as a part of this organization until retiring in April 2003 as chairman, president and chief executive officer of Reliant. Steve and Paula have two sons and three grandchildren, who hopefully will also become Aggies.

“Paula and I have been blessed beyond all expectations,” Steve Letbetter said. “Our success would not have been possible without the foundation laid and the education received while at Texas A&M. This gift is our way of saying thank you.”