A decade ago, it would have been very easy for James A. Gibbs to step back from his illustrious career, rest on his laurels and enjoy the carefree life of retirement.
After all, at that point he already was an award-winning geologist, a past president and honorary member of AAPG, a best-selling author and widely known for his entire career of excellence.
He also had proudly supported the AAPG Foundation, both as a Trustee Associate and since 2006 as a member of the board of trustees. Enthusiastically. And as he told EXPLORER correspondent Louise Durham in 2008, “Enthusiasm is the most important thing ...
“If someone is really interested in something, they’ll find ways to participate in it,” he said, “and if they have enough desire and interest in it, somehow they become a leader.”
Gibbs’ enthusiasm for the AAPG Foundation proved to be important for not only the Foundation but for geoscientists around the world. And then some. Because not only did Gibbs reject going quietly into that long good night, he embraced a new future.
Shortly after making that statement about enthusiasm, Gibbs was elected chairman of the AAPG Foundation – the start of a decade of exciting growth for both the Foundation’s size and impact on geoscience education and professional development around the world.
And now the era has come to an end. Gibbs, chairman of Five States Energy Capital LLC in Dallas, Texas, announced in early October that he was stepping down as chair. He immediately became a Foundation Trustee Emeritus and a permanent member of the Foundation’s Members of the Corporation.
Jim McGhay Copyright Gary BarchfeldSimultaneously, the Foundation announced that board member James S. “Jim” McGhay, an Honorary AAPG member from Tulsa, has been elected to succeed Gibbs as Foundation chair.
Growth and Accomplishment
“It’s been an amazing experience and honor to have been part of the Foundation for so many years, one that I’ll never forget,” Gibbs said in announcing his decision. “I’m very proud of what we’ve been able to accomplish during the past decade, but now I believe it’s time for someone else to have a turn with that experience.”
Those accomplishments included growth for the Foundation’s portfolio – an undeniable measurement of success – but also innovative changes and wide-reaching impact for Foundation-backed programs, including outreach through the Grants-in-Aid and the L. Austin Weeks Undergraduate Grant programs; the Deana and Paul Strunk Military Veterans Scholarship Program; the Visiting Geoscientist and Distinguished Lecture programs; and a host of other geoscience and educational initiatives around the world.
You can emphasize the “geo” in educational focus for both Gibbs and the Foundation over the past 10 years.
“One of my favorite duties as chairman has been introducing the Foundation’s Teacher of the Year, which annually rewards teaching excellence and outstanding leadership in geoscience education,” Gibbs said, pointing to just one example of his and Foundation’s favorite programs.
Under Gibbs’ leadership the TOTY presentation has become an increasingly popular segment of every AAPG annual convention – including the 2020 meeting, which was held virtually – and now attracts nominations from schools previously unconnected to AAPG’s geoscience educational emphasis.
“Working with students or young people to help them find a career in the geosciences or find their niche in business?” he said. “It’s the thing I get the most satisfaction about.”
A Leader for the Moment
The timing of Gibbs’ leadership of the Foundation felt fortuitous on several occasions – his tenure, like the profession itself, was marked with challenging financial pressures, rapidly changing industry dynamics and a transition in the tradition of contributing to foundations.
Oh, and a pandemic.
Succeeding in that world demanded not just enthusiasm, but intelligence, flexibility and innovation.
“Working with Jim Gibbs as Foundation chair over the past nine years has been a front-row seat to a workshop on leadership as he worked with the Trustees to forge the path for the Foundation,” said Foundation Executive Director David Curtiss.
“Under his leadership, not only did the Foundation’s portfolio continue its growth trajectory, but the Foundation refocused its efforts,” Curtiss continued, “and Jim deftly managed relationships and concerns with a strong commitment to our mission.”
Fellow Foundation Trustee Michael Wisda praised Gibbs’ tenure with very specific words – he found him:
● Inspirational – not only as the author of his practical, popular books, such as “Becoming an Independent Geologist” and “Finding Work as a Petroleum Geologist,” but also in the way he “always looks to converse with young professionals at meetings.”
● Inclusive – as a champion, for example, of such expansive programs as Geoscientists Without Borders and the Inspirational Geoscience Educator Award.
● Insightful – his passion for the Deana and Paul Strunk MVSP, and Paul Weimer’s Interactive Geology Project.
● Disciplined – in his priority toward improving the Foundation’s website.
● Unflappable – Stock market drops? Public trends in donation habits? “He held steady,” Wisda said. “He showed no panic.”
Foundation Trustee Larry Jones also quickly pointed to specific examples of Gibbs’ leadership as factors for success over the past decade, including:
● The board’s change to Vanguard Financial for financial advice
● Developing ways to ensure continued support for popular student programs, such as the Imperial Barrel Award
● Development of the Deana and Paul Strunk MVSP
● Reaching his stated goal of securing $50 million in Foundation assets
“Everything became much more difficult as COVID arrived,” Jones said, “but we continued to function.”
And helping to make that a reality? Gibbs’ “love of AAPG, and the mission and goals of the Foundation. Jim Gibbs is focused, and considerate.
“He studied a problem and developed a game plan, vetted it with the other trustees and key staff, and honored the opinions of all members of the board,” Jones said – an apt description for a recipient of the AAPG Michel T. Halbouty Outstanding Leadership Award.
“He was calm and never put people down,” Jones added. “When a decision was made, he saw to it that it was carried out.”
Saying Goodbye to a Great Experience
By Jim Gibbs, AAPG Foundation Trustee Emeritus
[PFImageShortCode|id:58698|width:300px|height:300px|lightbox:false|class:|align:none|title:false|description:true|margintop:5|marginright:5|marginbottom:5|marginleft:5|PFImageShortCode]I have immensely enjoyed my tenure as Foundation chair but decided that after almost a decade in the slot, it was time to step down and allow someone with fresh ideas and fewer wrinkles to head the Trustees.
It’s been an interesting and productive period and much has been accomplished. Thanks primarily to the diligent work of Lee Backsen and former Trustee David Worthington, the Foundation’s mission and bylaws were reviewed, clarified and revised. Long-term goals and objectives were defined, and ongoing programs became more aligned with the mission. Also, the website was streamlined and made more informative and user-friendly.
Thanks to the generosity of donors and a favorable stock market during my tenure, the asset value of the Foundation’s investment portfolio has grown from $47 million to more than $63 million during the decade. Its larger size allowed existing programs to be expanded and new ones added. In particular, the number of our Grants-in-Aid scholarships have been increased to now provide support to literally hundreds of students in dozens of universities throughout the world.
The Foundation’s annual contributions to the Imperial Barrel Award now constitute one of our largest grants. The program is immensely popular with students and also with energy companies who recognize the value of the program in educating future oil-finders.
Of special satisfaction to me was the start of the Military Veterans Scholarship Fund, given impetus by contributions of Paul and Deana Strunk and others, which provides funds for college courses leading to careers in the geosciences.
Another initiative is participation in an SEG Foundation program, Geoscientists Without Borders, which provides opportunities for undergraduate and graduate-level students to participate in geoscience projects abroad, under professional supervision, that are requested by the host countries.
Personally, I’ve enjoyed the friendship and association of other Foundation donors, particularly during the annual meetings of the Trustee Associates and their spouses. The common attribute of the TAs is their willingness to “give something back” to help others achieve their goals in career development, and the time I’ve spent with members of this group has been especially rewarding to me.
The Foundation has faced the same challenges and headwinds through the years as has the industry. Contributions from the TAs and AAPG members have ebbed and flowed in tandem. However, with a robust asset base and responsive donors, we have been able to continue to support initiatives and programs that are deemed to be in the public interest, and that benefit the entire geoscience community.
Today, the Foundation is as viable and useful as it ever has been. Now, under Jim McGhay’s proven and enthusiastic leadership, and with the participation of the five other dedicated trustees, the Foundation is poised to continue its important role in support of the geosciences and their future practitioners.
Finally, I want to offer my profound thanks to the trustees I’ve had the pleasure of working with during my tenure as chair, and to the amazing headquarters staff of David Curtiss, Diane Keim, Vern Stefanic and others who have done most of real back-office work of the Foundation and given me the opportunity to enjoy my term.