E. Javier Loya

Last updated

E. Javier Loya
EJL Headshot.png
NationalityMexican-American
Other namesJavier Loya
Alma mater Columbia University [1]
Occupation(s)Chairman and CEO of OTC Global Holdings
Years active2007–present
Known forCEO of OTC Global Holdings, Minority Owner of Houston Texans
SpouseLucinda Vincent-Loya
Children2

Enrique Javier Loya [2] (born February 2, 1969) is a Mexican-American business entrepreneur, and former college football player. He is a minority owner of the NFL's Houston Texans. [3] Loya is also the co-founder of independent commodity broker OTC Global Holdings.

Contents

Education and family

Loya was raised in El Paso, Texas as the second-youngest of seven children. [4] His father worked at a Farah Manufacturing Co. plant and taught his children to prioritize education. [4] Loya graduated from New York City's Columbia University with a Bachelor of Arts in political science in 1991. [5] Loya is married to Lucinda Vincent-Loya. The couple have 2 children. [5]

Football career

Loya played for the Columbia Lions as a linebacker and a defensive end throughout his academic career at Columbia University. [6] [7] He was a varsity letterman in all three of his varsity seasons [7] and was named an Honorable Mention All-Ivy League Selection in 1990. [8] He is tied with several other players for the fourth-most career fumble recoveries while playing for the Columbia Lions. [8]

Career

Choice! Energy LP

In 1994, Loya co-founded Choice! Energy LP with two partners. Choice was an energy brokerage firm specializing in natural gas. [9] [10]

In 2000, Loya purchased control of the company from his partners. [5]

After Texas deregulated the power market in 2002, Loya launched a new firm, Choice Energy Services. As the sole owner of Choice Energy Services, Loya expanded the company's services from wholesale markets to retail commodities management. [11] [12]

In 2015, Loya's company, Choice Energy, filed a lawsuit against 9 of their brokers for breach of contract. The 9 brokers filed a countersuit claiming they were forced to resign due to unpaid commissions and hostile work environment. All but one broker settled out of court. [13]

Houston Texans

In 2002, Loya became the first Hispanic owner in the NFL after he purchased a minority stake in the Houston Texans. [3] Loya was one of 10 investors in the Houston Texans. [14] [15] [16] Loya is notable for his role in promoting diversity within the NFL. As a member of the NFL’s diversity committee, he has been instrumental in developing and recommending DEI policies aimed at increasing minority representation, particularly among head coaches and front office positions. He was one of the original proponents of the Rooney Rule, the NFL's current policy on DEI. [17]

During the Choice Energy lawsuit, Javier was accused of being a high-stakes gambler along with other Choice Energy employees and clients, which sparked an investigation from the NFL due to Javier's ownership of the Houston Texans. According to the NFL Ownership Guidelines, it is a violation for owners or employees of any NFL team to take part in any gambling. It’s unknown how the situation was resolved. Given that Loya continued to serve as a minority owner of the Texans, the allegations presumably were not substantiated. [13] [18] [19] [20]

OTC Global Holdings

In 2007, Loya co-founded OTC Global Holdings as a commodity brokerage that initially acquired Choice Natural Gas, Choice Power, and Choice Energy. OTCGH is structured as an umbrella organization for almost 20 independent brokerages operating across the global commodity complex in markets including oil, electricity, natural gas and refined products. Overall, these companies serve more than 500 institutional clients and transact in hundreds of commodity delivery points across Asia, Europe and the Americas. In 2022, OTC Global Holdings was recognized as 'Broker of the Year' by Energy Risk for the fifth time (2011, 2016, 2017, 2019 and 2022) and the company claims to be the world's largest independent institutional broker of commodities. [21] [22] [23] [24] [25]

Veneno Tequila

In September 2019, Loya, his wife Lucinda, and several Houston entrepreneurs launched a tequila brand called Veneno Tequila. Actor Danny Trejo was the first person to introduce and drink a bottle of Veneno Tequila. [26]

Other activities

Loya has served on the Board of Regents for Texas Southern University as well as other charitable foundations across Houston. [27] [28]

Philanthropy

Loya is a sponsor and member of the board of directors for the Greater Houston Senior Football Showcase, a charitable organization that organizes high school football scouting events. The organization has provided over $100 million in scholastic aid to over 3,000 participants since 2008. [7]

In 2011, Loya founded the Greater El Paso Football Showcase Combine, which provided over $9 million in scholarships to over 100 high school senior athletes. [3] [7]

Litigation

In late December 2019, John Klosek, one of the founding members of OTC Global Holdings, filed a lawsuit against the CEO Javier Loya, COO Joseph Kelly, and several employees. The lawsuit was over extravagant personal spending decreasing the company's value to a negative net worth. [29] Loya and the other accusees denied the allegations. [29] The claims state the defendants have embezzled over millions of dollars from OTC Global Holdings for personal use. The lawsuit was dismissed in May 2021. [30] [31] [32]

Sexual assault allegations

In August 2023, it was revealed to major media outlets that Loya was charged with one count of first-degree rape, five counts of first-degree sexual abuse and one count of third-degree sexual abuse in May 2023. According to the Texans and the National Football League, Loya has been suspended from team activities since May. [33] [34]

In April 2024, the court issued a resolution where the prosecution dismissed all seven counts. Loya did agree to an Alford plea charging him with 'harassment with intent to annoy', a class B misdemeanor, and paid a $100 fine. To date, Loya maintains his innocence. [35] [36]

Awards

Related Research Articles

<span class="mw-page-title-main">Houston Texans</span> National Football League franchise in Houston, Texas

The Houston Texans are a professional American football team based in Houston. The Texans compete in the National Football League as a member club of the American Football Conference (AFC) South division, and play their home games at NRG Stadium.

<span class="mw-page-title-main">NRG Stadium</span> Stadium in Houston, Texas, United States

NRG Stadium is a multi-purpose stadium in Houston, Texas, United States. Construction was completed in 2002, at a cost of $352 million and has a seating capacity of 72,220. It was the first NFL facility to have a retractable roof.

<span class="mw-page-title-main">Alief Hastings High School</span> High school in Houston, Texas

Alief Hastings High School is a public high school in the Alief area of Houston, Texas, United States. Originally Alief Junior-Senior High School, which became Alief Middle School, housed all of the secondary students in the district. The school's present location opened, while still under construction, for the fall semester of 1972. All high school students moved to that building, with the first graduating class in May 1973.

<span class="mw-page-title-main">Bob McNair</span> American businessman (1937–2018)

Robert C. McNair was an American businessman, philanthropist, and the owner of a National Football League team, the Houston Texans.

Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.

<span class="mw-page-title-main">StoneX Group Inc.</span> Financial services company

StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).

<span class="mw-page-title-main">Charles Patrick Garcia</span> American businessman and banker

Charles Patrick García is an American businessman and banker. He started Garcia Trujillo LLC, a consulting, merchant banking, and venture capital firm where he was the CEO. In June 2014, García was selected to lead the Association of Latino Professionals for America.

Texas is home of several national sports league franchises among other professional sports, being the second most populated U.S. state. Since the state is located in the South Central United States, most teams are part of the Central / South or West league divisions, with the notable exception of the NFL Dallas Cowboys, which is an NFC East franchise.

<span class="mw-page-title-main">Tilman Fertitta</span> American businessman

Tilman Joseph Fertitta is an American billionaire businessman and television personality. He is the chairman, CEO, and owner of Landry's, Inc. He also owns the National Basketball Association (NBA)'s Houston Rockets. Fertitta is chairman of the board of regents of the University of Houston System.

The Cleveland Browns relocation controversy—colloquially called "The Move" by fans—followed the announcement by Cleveland Browns owner Art Modell that his National Football League (NFL) team would move from its longtime home of Cleveland to Baltimore for the 1996 NFL season.

<span class="mw-page-title-main">Newedge Group</span>

Newedge Group is a global multi-asset brokerage that was formed in 2008 from the merger of Fimat and Calyon Financial, the brokerage arms of French financial companies Société Générale and Credit Agricole, respectively. It offers execution, clearing, and prime brokerage services. Newedge is one of the world's largest futures commission merchants (FCM) and has locations in 14 countries. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges and employs approximately 2,400 associates.

Offshore Technology Conference (OTC) is a series of conferences and exhibitions, focused on the exchanging technical knowledge relevant to the development of offshore energy resources, primarily oil and natural gas. It was founded in 1969. There are four events organized by OTC. The flagship Offshore Technology Conference is held annually during early May in Houston, Texas, USA since 1969. In 2011, OTC organized OTC Brasil and the Arctic Technology Conference to offer a version of the event focused on the development in the Brasil and Arctic regions. In 2014, OTC Asia was created. OTC Brasil and OTC Asia are held every other year.

LCH is a financial market infrastructure company headquartered in London that provides clearing services to major international exchanges and to a range of OTC markets. The LCH Group includes two main entities: LCH Limited based in London and LCH SA based in Paris.

FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.

<span class="mw-page-title-main">Gareon Conley</span> American football player (born 1995)

Gareon Conley is an American football cornerback for the Dallas Cowboys of the National Football League (NFL). He played college football at Ohio State and was drafted by the Oakland Raiders in the first round of the 2017 NFL Draft. He has also played for the Houston Texans and DC Defenders of the United Football League (UFL).

<span class="mw-page-title-main">Amy Adams Strunk</span> American football executive and team owner

Amy Adams Strunk is an American businesswoman best known as the controlling owner of the National Football League's Tennessee Titans. The daughter of the late owner Bud Adams, Strunk owns half of the Titans franchise, with Susan Lewis, the widow of her brother, and her sons Kenneth S. Adams IV and Barclay Adams owning the remaining half. The team is currently owned under the banner of KSA Industries, which also owns many of Bud Adams' businesses, including a controlling stake of Adams Resources & Energy. Before Strunk took over as controlling owner in 2015, the role belonged to her sister, Susie Adams Smith, whose husband Tommy Smith was team president and CEO.

Janice Suber McNair is the co-founder and former owner of the Houston Texans, a position which she assumed after the death of her husband Bob McNair in 2018.

Jack Easterby is the former executive vice president of football operations for the Houston Texans of the National Football League. Prior to joining the Texans in 2019, he served chaplain and character coaching roles. From 2013 to 2018, Easterby filled various leadership roles with the New England Patriots.

Alfred "Fred" Zirkle is an American entrepreneur, investment banker, and industry leader.

Daniel Calhoun "Cal" McNair is an American businessman and sports executive. He is the principal owner, chairman, and chief executive officer for the Houston Texans of the National Football League (NFL).

References

  1. ↑ "Javier Loya interview from 2015 Connects in Houston". Columbia Alumni Association. August 3, 2016.
  2. ↑ "The perfect combination". Smart Business. June 26, 2009.
  3. 1 2 3 "Part-owner of Houston Texans still giving back to El Paso's student-athletes". KVIA ABC-7. December 14, 2017.
  4. 1 2 Robertson, Dale (May 9, 2002). "Robertson: Energetic trader Loya personifies American dream". Houston Chronicle.
  5. 1 2 3 Cabral, Elena (January 2003). "FEATURES - Javier Loya '91". Columbia College.
  6. ↑ "College Football; Lions Edge the Tigers With a Fierce Defense". New York Times. October 28, 1990.
  7. 1 2 3 4 5 "Ivy Football Association Honors Javier Loya". Columbia University. January 26, 2017.
  8. 1 2 "2018 Columbia Football Record Book". NCAA. 2018. Retrieved December 14, 2020.
  9. ↑ Wollam, Allison (November 24, 2002). "Building on a choice". Houston Business Journal.
  10. ↑ Goodman, Leah McGrath (July 2, 2007). "Power In Energy Trading Shifts to Smaller Brokers". Wall Street Journal.
  11. ↑ Martin, Joe (October 5, 2016). "Houston power co. to go on hiring spree, move headquarters". Houston Business Journal.
  12. ↑ "Moneymakers: Javier Loya". Houston Chronicle. August 11, 2004.
  13. 1 2 McClain, John (February 16, 2008). "NFL Probes Allegation Against Texans Partner".
  14. ↑ Wilson, Aaron (May 19, 2020). "NFL owners table proposal to incentivize hiring minorities, expand Rooney Rule". Houston Chronicle.
  15. ↑ Wilson, Aaron (June 22, 2020). "Summit seeks to widen NFL opportunities for minorities". Houston Chronicle.
  16. ↑ Breer, Albert (June 18, 2020). "Quarterback Coaching Summit Aims to Create Opportunity for Black NFL Coaches".
  17. ↑ Sprung, Shlomo (April 24, 2023). "Javier Loya on Building Diversity From Front Office to Fan Base". Boardroom. Retrieved June 3, 2024.
  18. ↑ Abelson, Max (October 14, 2008). "What a Gas! Texas Mogul Streams $4.3 M. to Moby and Pals for Stuy Square Spread". Observer.
  19. ↑ McClain, John (February 16, 2008). "NFL probes allegation against Texans partner". Houston Chronicle. Retrieved June 3, 2024.{{cite news}}: CS1 maint: url-status (link)
  20. ↑ "NFL investigated Texans minority owner Javier Loya for gambling in 2008". NBC Sports. August 7, 2023. Retrieved June 3, 2024.
  21. ↑ "History & Timeline". OTC Global Holdings.
  22. ↑ "Bloomberg: Javier Loya Business Profile". Bloomberg.
  23. ↑ "Q&A: Market volatility a way of life for commodities broker". Houston Chronicle. April 26, 2017.
  24. ↑ "Commodity brokerage of the year: OTC Global Holdings - Risk.net". www.risk.net. May 5, 2022. Retrieved June 3, 2024.
  25. ↑ Holdings, OTC Global. "OTC GLOBAL HOLDINGS RECOGNIZED AS BROKER OF THE YEAR FOR THE FIFTH TIME". www.prnewswire.com (Press release). Retrieved June 3, 2024.
  26. ↑ de Luna, Marcy (December 2, 2019). "Texans vs. Patriots tailgate party doubles as tequila launch". Houston Chronicle.
  27. ↑ Tresauge, Matthew (May 10, 2007). "Perry picks 5 appointees to reshape TSU". Houston Chronicle.
  28. ↑ Kamara, Margaret (May 14, 2007). "Texas Southern Takes Step Back to Stability". Diverse.
  29. 1 2 "San Antonio Express News Co-Owner Sues Houston Brokerage". San Antonio Express-News. December 19, 2019.
  30. ↑ Bair, Jeffrey (December 17, 2019). "CEO's $17,000 Birthday Party Spurs Commodity Brokerage Lawsuit". Bloomberg News.
  31. ↑ "Partner sues commodities broker for clocking up expenses". Financial Times. December 18, 2019.
  32. ↑ "Loya V Klosek Cause No 2019-88391 Signed Order Joint Nonsuit and Dismissing W Prejeudice | PDF". Scribd. Retrieved September 23, 2021.
  33. ↑ Breech, John (August 7, 2023). "Texans minority owner facing one rape charge and multiple sexual abuse charges following incident in Kentucky". CBS Sports . Retrieved August 8, 2023.
  34. ↑ Rieken, Kristie (August 7, 2023). "Texans minority owner Javier Loya is facing rape charge in Kentucky". Associated Press . Retrieved August 8, 2023.
  35. ↑ Wilson, Aaron (April 8, 2024). "Texans minority owner Javier Loya agrees to misdemeanor in Kentucky, pays $100 fine, as rape charge dropped". KPRC. Retrieved May 27, 2024.
  36. ↑ "Rape Charges For Houston Texans Minority Owner Javier Loya Dismissed; Pleads Guilty to Misdemeanor". Texans Daily. April 8, 2024. Retrieved May 27, 2024.
  37. ↑ Kaplan, David (September 28, 2002). "Hispanic male entrepreneur of the year says system works". Houston Chronicle.
  38. ↑ "Hispanic Chamber to host reception for CHOICE! Energy's Javier Loya". The Monitor. October 26, 2003.
  39. ↑ "JOHN JAY AWARDS". Columbia University Alumni Association. December 14, 2016. Retrieved September 25, 2020.
  40. ↑ Palladino, Lisa. "John Jay Awards To Honor Alumni, Parent". Columbia College Today. Retrieved September 27, 2020.
  41. ↑ "DeBakey honored as one of 'Houston's Greatest'". Houston Chronicle. December 12, 2007.
  42. ↑ "Robert W. Pangia '73 To Be Honored By Ivy Football Association". Brown University Athletics. September 9, 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.