Peoples Faces
Leadership Team

 

MILTON L. SCOTT
Senior Leadership
MILTON L. SCOTT , Chairman and CEO

 

Milton is a founding shareholder, Chairman, and CEO of The Tagos Group, LLC. Milton has distinguished himself as a leader and visionary in finance and accounting, entrepreneurship, and corporate governance in both the public and private sectors. Through his various roles, he has successfully led and integrated acquisitions and managed most aspects of complex financings. He has also implemented state-of-the-art management systems and established and operated new business locations.

As Co-Founder, Managing Director, and CFO of Complete Energy Holdings, LLC, a company started in 2003 to acquire, own, and operate power generation assets in the U.S., he co-led two successful acquisitions. The first acquisition was the 837-megawatt Batesville Generating Facility in Batesville, Miss., acquired in August 2004 for $330 million.

The second acquisition was the 1,022-megawatt La Paloma Generating Facility near Bakersfield, Calif., acquired for $580 million in August 2005. This acquisition, hailed by Project Finance International as "the power deal of the year," included private equity, mezzanine debt, and first and second lien project financed debt. The equity on this transaction was three times oversubscribed and the debt was five times oversubscribed. Milton championed the financings, including hiring and teaming with the investment bankers, attorneys, and various consultants. He led the due diligence effort and financial analyses, and reviewed and approved all related debt agreements. He also developed and made presentations to rating agencies, potential lenders, and equity sources. He sold his interest in Complete Energy Holdings, LLC in 2006.

From 1999-2002, Milton served as Executive Vice President and Chief Administrative Officer at Dynegy Inc. (a Fortune 500 company during this time). In this role, he was responsible for risk management of trading operations, strategic planning and budgeting, compliance and internal audit, human resources, global facilities management, insurance, and corporate security. He was responsible for corporate governance, implementing and assisting the chairman with board restructuring. During his tenure with Dynegy, he also implemented an innovative supply chain management system. He realized savings in the tens of millions of dollars in addition to increased operational efficiency and improvement in controls.

Prior to joining Dynegy, Milton spent 21 years with the Houston office of Arthur Andersen LLP. He was a partner in the Audit and Assurance practice and his clients consisted of companies in the energy and manufacturing industry, including exploration and development, offshore drilling, and oilfield services. During his last three years with Arthur Andersen, he served as partner in charge of the Southwest Region Technology and Communications practice. While in this position, he successfully opened the Austin office and significantly grew the practice.

Milton currently serves on the Board of Visitors of the M.D. Anderson Cancer Center. He is also a board member of Sterling Construction, a leading heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure in large and growing markets and The CapStreet Group, a prominent private equity firm investing in middle market companies with enterprise values of less than $150 million.

Milton’s past community activities include: Chairman of the Texas Business Hall of Fame Foundation, Chairman of the Greater Houston Convention and Visitors Bureau, and Chairman of The University of Texas-Austin McCombs School of Business Foundation. He is a former member of the Board of Trustees of River Oaks Baptist School, The Museum of Fine Arts, Houston (member of the Executive Committee and Chairman of the Finance Committee), Memorial Hermann Healthcare System, Greater Houston Community Foundation, Junior Achievement, Inroads/Houston Inc., and Goodwill Industries, and member of the finance committee and audit committee for St. John’s School.

He formerly served as a member of the Board of Directors of W-H Energy Services, Inc., a New York Stock Exchange publicly-traded company. He was elected lead director in 2003 and chaired the Audit Committee and served on the Corporate Governance and Nominating and Compensation Committees. W-H Energy Services was sold to Smith International, Inc. in August 2008 in a $3 billion transaction.

The recipient of several awards, Milton received the Southeast YMCA Achievement Award, the Distinguished Alumni Award from Southern University, the Young CPA of the Year Award from the Texas Society of Certified Public Accountants, the National Association of Black Accountants, Inc. National Achievement Award, the Texas Society of Certified Public Accountants Outstanding Council Chairman and Legislative Recognition Awards, and the Texas Legislative Caucus Outstanding Texan Award. He was recognized as one of the Top 100 African Americans in Business by Savoy magazine.

Milton received his Bachelor of Science degree in Accounting from Southern University in Baton Rouge.