Cliff Thomas joins Texas PSF Board of Directors

AUSTIN —August 23, 2023 — Cliff Thomas will join the Board of Directors for the Texas
Permanent School Fund Corporation (Texas PSF) following this week’s appointment by Governor
Gregg Abbott. His term will expire January 1, 2029. He will serve as one of two gubernational
appointees on the 9-member board overseeing the $52 billion-dollar Permanent School Fund.

Mr. Thomas, of Victoria, is an owner and chairman of the board of Pilot Thomas Logistics and
founder of Speedy Stop Food Stores and C.L. Thomas, Inc. From 2011 to 2023, he served as a
gubernatorial appointee to the Texas A&M System Board of Regents and served as chairman of
the board from 2015 to 2017. As a regent, he served as vice chairman of the board, chair of the
Policy Review Committee, Committee on Audit, and Committee on Academic and Student
Affairs, and as a member of the Committee on Finance and Committee on Buildings & Physical
Plant. Additionally, he chaired the 2014 Search Committee for a new president of Texas A&M
University. From 2019 to 2023, he served on the board of The University of Texas/Texas A&M
Investment Management Company. He is also a former gubernatorial appointee to the
Guadalupe-Blanco River Authority and formerly served on the boards of DeTar Hospital System
and Wells Fargo Bank. Thomas received a Bachelor of Science from Texas A&M University.

Contact: Carolyn Perez, Director of Communications

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