He's replacing Virginia Martinez, who retired Aug. 1. She worked for the foundation for 24 years, including almost three years as president.

The foundation, which includes nine affiliated foundations and other organizations, had total assets of $95.9 million at the end of last year. It uses investment income and public contributions to fund a variety of community projects, including urban redevelopment, education and the arts.

Pearson, 41, has worked for the foundation seven years. He's been executive vice president since 2007. That's when the foundation board OK'd a succession plan calling for Pearson to become president when Martinez retired, Pearson said.

by Vic Kolenc \ El Paso Times Posted:

08/26/2011 12:00:00 AM MDT