Thomas L. Kivisto

Last updated

Tom Kivisto is an American businessman who co-founded SemGroup, L.P. in April 2000 and served as the company's president and chief executive officer until July 18, 2008. [lower-alpha 1] Under his leadership, SemGroup completed more than 40 acquisitions and its total assets grew from $227.4 million in 2000 to more than $3.6 billion at year-end 2005. Kivisto was replaced by Terry Ronan on July 18, 2008, after news surfaced that SemGroup, L.P. was experiencing liquidity issues and considering filing for Chapter 11 bankruptcy. [2] [3]

Contents

Education

Kivisto's father, Ernie, was a successful high school basketball coach who won more than 1,000 games in his coaching career. Coached by his father, Tom Kivisto was a star point guard at East Aurora High School near Chicago. He then earned a bachelor's degree from the University of Kansas, majoring in pre-med/psychology and playing for the basketball team from 1970 to 1974. While there, Kivisto was a member of KU's 1971 and 1974 NCAA Final Four teams. He was named Academic All American, All Big 8 and Academic All Big 8. He holds the single game assist record for the Kansas team. His post-graduate work was in urban planning. He is a member of the Illinois Basketball Hall of Fame. [4]

Career

Kivisto moved his family to Tulsa, Oklahoma in 1993 after having lived in Wichita, Kansas for 15 years working for Koch Industries. He started his own services company, SemGroup, which became one of the largest privately held companies in the United States before filing for bankruptcy in 2008.

Kivisto donated over $15 million to his alma mater, the University of Kansas, to help finance the building of new football facilities at the school. [5] Kivisto serves on the board of directors of Saint Francis Health System, Family & Children's Services, and Project Single Parent, a nonprofit organization of which he is a cofounder. In 2006, Kivisto also was named to the University of Tulsa Board of Trustees. In 2006, The Pipe Liners Club of Tulsa recognized Kivisto with its President's Award. In January 2007, TulsaPeople Magazine named Kivisto "Tulsan of the Year" for 2006. [6]

2006 Bank of America Loan

In 2006, Kivisto borrowed $15 million from Bank of America and guaranteed the loan through his personal trust company's limited partnership interest in SemGroup. In 2008, SemGroup filed for Chapter 11 bankruptcy protection. [1]

Notes

  1. ↑ Kivisto, Gregory Wallace and Kevin Foxx started SemGroup growing it into one of the nation's largest privately-held energy trading, storage and transport firms. [1]

Related Research Articles

<span class="mw-page-title-main">Larry Brown (basketball)</span> American basketball coach and former player

Lawrence Harvey Brown is an American basketball coach and former player who is currently an assistant coach of the Memphis Tigers. Brown is the only coach in basketball history to win both an NCAA national championship and an NBA title. He has a 1,275–965 lifetime professional coaching record in the American Basketball Association (ABA) and the National Basketball Association (NBA) and is the only coach in NBA history to lead eight teams to the playoffs. He also won an ABA championship as a player with the Oakland Oaks in the 1968–69 season, and an Olympic Gold Medal in 1964. He is also the only person ever to coach two NBA franchises in the same season. Before coaching, Brown played collegiately at the University of North Carolina and professionally in the ABA.

<span class="mw-page-title-main">Bill Self</span> American basketball player and coach (born 1962)

Billy Eugene Self Jr. is an American basketball coach. He is the head men's basketball coach at the University of Kansas, a position he has held since 2003. During his 19 seasons as head coach, he has led the Jayhawks to 16 Big 12 regular season championships, including an NCAA record 14 consecutive Big 12 regular season championships, some of which were shared (2005–2018). He has also led the Jayhawks to four NCAA Final Four appearances, the 2008 NCAA championship and 2022 NCAA championship. Self was inducted into the Naismith Memorial Basketball Hall of Fame in 2017. At the end of the 2021–22 season, Self had the 18th most wins among Division I coaches in NCAA history and 4th among active head coaches. He is the second-winningest coach in Kansas history, behind only Hall of Famer Phog Allen and the only coach in Kansas history to lead Kansas to multiple NCAA championships.

George Bruce Kaiser is an American billionaire businessman. He is the chairman of BOK Financial Corporation in Tulsa, Oklahoma. As of September 2021, he is the 476th richest person in the world and was, in 2012, one of the top 50 American philanthropists.

Daniel Ricardo Manning is an American college basketball coach and former professional player who is the Associate Head Mens Basketball Coach at the University of Louisville. Manning played high school basketball at Walter Hines Page High School in Greensboro, North Carolina, as well as Lawrence High School in Lawrence, Kansas. He played college basketball for the Kansas Jayhawks, and played in the National Basketball Association (NBA) for 14 years. After retiring from professional basketball Manning became an assistant coach at his alma mater, the University of Kansas. He won the national championship with the Jayhawks in 1988 as a player, and again as an assistant in 2008. He is the all-time leading scorer in Kansas basketball history with 2,951 points. The next closest player to his point total is Nick Collison, who is 854 points behind Manning.

<span class="mw-page-title-main">Kansas Jayhawks</span> Intercollegiate sports teams of the University of Kansas

The Kansas Jayhawks, commonly referred to as simply KU or Kansas, are the athletic teams that represent the University of Kansas. KU is one of three schools in the state of Kansas that participate in NCAA Division I. The Jayhawks are also a member of the Big 12 Conference. KU athletic teams have won twelve NCAA Division I championships: four in men's basketball, one in men's cross country, three in men's indoor track and field, three in men's outdoor track and field, and one in women's outdoor track and field.

<span class="mw-page-title-main">Kansas Jayhawks men's basketball</span> University of Kansas team

The Kansas Jayhawks men's basketball program is the intercollegiate men's basketball program of the University of Kansas. The program is classified in the NCAA's Division I and the team competes in the Big 12 Conference. Kansas is considered one of the most prestigious college basketball programs in the country with six overall national championships, as well being runner-up six times and having the most conference titles in the nation. Kansas is the all-time consecutive conference titles record holder with 14 consecutive titles, a streak that ran from 2005 through 2018. The Jayhawks also own the NCAA record for most consecutive NCAA Tournament appearances with an active streak of 32 consecutive appearances. They were also, along with Dartmouth, the first team to appear in multiple NCAA Tournaments after making their second appearance in the 1942 tournament. The Jayhawks had been ranked in the AP poll for 231 consecutive polls, a streak that had stretched from the poll released on February 2, 2009 poll through the poll released on February 8, 2021, which is the longest streak in AP poll history. Of the 24 seasons the Big 12 conference has been in existence, Kansas has won at least a share of 19 regular-season conference titles.

<span class="mw-page-title-main">Mark Turgeon</span> American college basketball coach (born 1965)

Mark Leo Turgeon is an American college basketball coach. Turgeon served as the head men's basketball coach at Jacksonville State University from 1998 to 2000, Wichita State University from 2000 to 2007, Texas A&M University from 2007 to 2011 and University of Maryland, College Park from 2011 to 2021.

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

SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP.

The SemGroup Championship was a golf tournament for professional female golfers that was part of the LPGA Tour. It was played annually from 2001 to 2008 in Tulsa, Oklahoma.

Hawker Beechcraft Corporation (HBC) was an American aerospace manufacturing company that built the Beechcraft and Hawker business jet lines of aircraft between 2006 and 2013. The company headquarters was in Wichita, Kansas, United States, with maintenance and manufacturing locations worldwide. The history of Hawker Beechcraft originated in 1994 when Raytheon merged its Beech Aircraft Corporation and Raytheon Corporate Jets units.

<span class="mw-page-title-main">2007 Kansas Jayhawks football team</span> American college football season

The 2007 Kansas Jayhawks football team represented the University of Kansas in the 2007 NCAA Division I FBS football season. The Jayhawks, coached by Mark Mangino in his sixth year with the program, finished the season 12–1 overall, a school record for wins, and 7–1 in Big 12 conference play. They defeated Virginia Tech in the 2008 Orange Bowl, the Jayhawks first and only BCS bowl victory.

KVWF is a radio station licensed to Augusta, Kansas, United States. The station serves the Wichita area. The station is currently owned by Rocking M Media. The station's studios are located in Wellington and the transmitter is in Andover.

The Kansas State Wildcats men's basketball team represents Kansas State University in college basketball competition. The program is classified in the NCAA Division I, and is a member of the Big 12 Conference. The head coach is Jerome Tang.

KIBB is a radio station that is currently silent. Licensed to Haven, Kansas, the station serves the Wichita area. The station is currently owned by Rocking M Media. The station's studios are located in Wellington, Kansas, and the transmitter is in Colwich, Kansas. The station last aired an adult hits format with no commercial interruptions, utilizing the syndicated version of the format from Sun Broadcast Group.

The Wichita State Shockers men's basketball team is the NCAA Division I college basketball program representing Wichita State University in Wichita, Kansas.

<span class="mw-page-title-main">Cole Aldrich</span> American basketball player

Cole David Aldrich is an American former professional basketball player. He previously played for the Oklahoma City Thunder, Houston Rockets, Sacramento Kings, New York Knicks, Los Angeles Clippers, and Minnesota Timberwolves. He played three seasons of college basketball for the University of Kansas before being drafted by the New Orleans Hornets with the 11th overall pick in the 2010 NBA draft.

<span class="mw-page-title-main">Lew Perkins</span> American athletic director. (b.1945)

Lew Perkins is a former athletic director, most recently at the University of Kansas. Perkins joined KU in June 2003, taking over for Al Bohl. Perkins previously held similar positions with the University of Connecticut, University of Maryland, College Park, Wichita State University and University of South Carolina Aiken where he gained a reputation for successfully cleaning up schools suffering under NCAA violations. Under Perkins direction, the athletics program at KU had several successful seasons, including winning the 2008 Orange Bowl in football and the 2008 Men's Basketball Championship. His tenure, though, ultimately ended in scandal and early retirement in 2010.

Topeka Sizzlers Basketball team in Topeka, Kansas

The Topeka Sizzlers, originally the Kansas City Sizzlers, were a professional basketball team based in Kansas City, Missouri from 1985 to 1986 until they relocated to Topeka, Kansas where they played from 1986 to 1990. The Sizzlers were members of the Continental Basketball Association (CBA).

Archie Marshall is an American former basketball player, known for his college career with the Kansas Jayhawks, where he was a member of their 1988 national championship team.

References

  1. 1 2 Walton, Rod. "Kivisto agrees to pay bank." Tulsa World. April 11, 2009. Accessed April 1, 2019.
  2. ↑ "New president, CEO to take over SemGroup amid debt problems". Tulsa World. July 18, 2008. Retrieved July 18, 2008.
  3. ↑ Ng, Serena; Brickley, Peg; Cui, Carolyn (July 25, 2008). "Wrong-Way Oil Bets Slam an Energy Firm". The Wall Street Journal. Retrieved July 25, 2008.
  4. ↑ Ginnie Graham, "'But I wouldn't bet against him'", Tulsa World , August 3, 2008 Archived January 2, 2009, at the Wayback Machine
  5. ↑ "Self talks with Cowboys, but says he'll stay at KU". Wichita Eagle. April 11, 2008. Retrieved April 11, 2007.
  6. ↑ "The ABCs of Tom Kivisto". TulsaPeople. January 2007. Retrieved January 5, 2007.


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.