Valor, Fort Worth, Texas, United States: Joseph DeWoody

An essay of up to 650 words

Total 591 words used.

Joseph DeWoody’s sound leadership has led him on a path of achieving great milestones along his entrepreneurial journey while creating a lasting, positive impact on both his employees and the mineral management industry. DeWoody is the Co-founder and CEO of Valor, a solutions-oriented specialty asset management company with expertise in providing comprehensive mineral management services including oil and gas accounting, land management, lease negotiation and counsel. It's also a leading provider of oil and gas outsourcing services for operators, offering owner relations support, regulatory compliance, accounting, and other back-office operations. In the past year, DeWoody’s accomplishments include leading Valor through a huge growth phase as demonstrated by its vast expansion of partnerships. [REDACTED FOR PUBLICATION] DeWoody successfully preserved the culture and security he’s built while also accommodating for an evolving employee landscape and anticipating client needs. To enhance existing security measures and ensure the future integrity of Valor’s accounting department, DeWoody tasked his team with diving deeper into Valor’s control objective and security design. As a result, Valor completed an SOC I Type II audit which assesses controls over a few months rather than a specific period of time as with the previously completed SOC audit in 2021. To further support Valor’s levels of growth, DeWoody implemented quarterly town hall meetings, where leadership addresses any questions, updates, challenges and more with the entire team, as well as monthly educational roundtable discussions. During these roundtables, employees are invited to learn from industry experts and brainstorm new innovative solutions for clients. Relevant trends and current events are also discussed to broaden knowledge and potentially spark an idea on how to implement change within the business. In one example, an employee proposed adding a feature within the mineral.tech® software that could run pay status reports so clients could find wells they weren’t being paid on. This integration has been hugely instrumental in flagging payment issues, locating funds that clients are owed and more. In the past two years alone, Valor discovered over $17M in suspended funds for clients which weren’t previously accessible to them or sitting unknowingly within a suspense account. When it comes to his employees, DeWoody has remained committed to prioritizing a number of health and wellness benefits in order for them to feel fully supported both at and outside of work. In the past year, DeWoody added new benefits to Valor’s already extensive list, including "Flex Days” to allow employees to take off when their kids' schools are closed without tapping into their PTO bank, and additional PTO for employees' weddings or honeymoon. Extending past the successes within Valor’s office walls, DeWoody has accomplished integrating Valor even more within its local community. This past year, DeWoody signed Valor to be a title sponsor for the Tarrant County Vietnam Memorial Foundation’s “Run in Their Memory” 5k and 10k. As the grandson of a hero who passed away in the Vietnam War, DeWoody is passionate about supporting this organization. DeWoody and his wife are also currently serving as chairs for the 2024 Fort Worth Museum of Science and History’s annual Mad Scientist Ball. This role allows him to dedicate time to an organization whose mission aligns with his own of supporting lifelong learning and engaging diverse communities.

Total 147 words used.

• Led Valor through an expansion of clients it serves, including one of the largest banks in Texas.
   
• Named to Fort Worth Inc.’s 2024 400 Most Influential People List, finalist in the 2024 D CEO Energy Awards program and 2023 Inspiring Workplaces Inspiring Leaders List.
   
• In 2023, led Valor to earn recognition in over 25 programs including Dallas Business Journal Best Place to Work and a #1 Best Place to Work by Fort Worth Inc.
   
• In the first half of 2024, led Valor to be recognized in 9 programs including Inc. Magazine: Southwest Region's Fastest-Growing Private Companies.
   
• Invested in expanding Valor’s office space, renovating multiple floors and securing a space for Valor’s logo on the outside of the multi-use building.
   
• Joined the board of directors for The Fort Worth Chamber of Commerce.
   
• Founded multiple companies in various industries, including helping a local restauranteur launch a restaurant chain