will receive Jim Shoulders Lifetime Achievement Award
Tom Teague became a stockholder and member of the PBR Board of Directors in 2000 when he paid $3.1 million to help the PBR secure its television rights.
A North Carolina native, Tom Teague
is also one of the PBR's most recognizable stock contractors.
PUEBLO, Colo. - The Professional Bull Riders
is pleased to announce that the 2012 recipient of the Jim Shoulders Lifetime Achievement Award is Thomas L. Teague
"Jim Shoulders played a significant role in the PBR, and Tom Teague is a deserving recipient of this award," PBR Chairman and CEO Jim Haworth said.
role in our sport stretches from the boardroom to the bull pens, and without his
involvement, we would not have achieved the success that we have."
will be honored along with Mike White and Ross Coleman, who are being inducted into the PBR Ring
of Honor, as part of the PBR Heroes & Legends Celebration on Oct. 23 at South Point Hotel, Casino & Spa in Las Vegas.
"Everyone in the sport of rodeo, and especially bull riding, is better off because Tom
got involved with the sport."
Teague became a stockholder and member of the PBR Board of Directors in 2000 when he paid $3.1 million to help the PBR secure its television rights.
also played a key role in helping the PBR
begin its partnership with NBC
, which televised the first PBR event in 2001, and has televised regular-season Built Ford Tough Series events and the PBR Built Ford Tough Finals since 2002.
stepped in and made an investment in the PBR
that was the beginning of a long and very successful relationship," Lambert said.
hadn't stepped in when he
did, we couldn't have done what we've done the last several years.
Everyone in the sport of rodeo, and especially bull riding, is better off because Tom
got involved with the sport.
Born in 1941 in Burlington, N.C., Teague
was the son of a tenant farmer.
family was poor, but never went without food or had to accept government aid.
business career selling seeds when he
was in the first grade, and later added a newspaper route.
attended Elon College, but did not finish his
He began working as a salesman, first for Blue Crown spark plugs and then the Yellow Pages.
After selling a Yellow Pages advertisement to a truck leasing company, the owner offered Teague
He joined Salem Equipment Leasing Company in 1966, and started the full-service leasing operation, which subsequently became Salem Leasing Corporation.
Salem Leasing Corporation
and Salem Carriers, Inc.
, which is engaged in full-service truck leasing and dedicated contract carriage, are wholly owned subsidiaries of Salem Holding Company.
Teague is president and majority owner of Salem Holding Company.
Teague is a partner in Invemed Associates, a New York investment banking firm, and is also active in the National Truck Leasing System, having served as chairman and as a director.
He has served on the boards of Baby Superstore and the Congressional Sportsmen's Foundation, as well as the Winston-Salem, N.C., boards of Bank of America and First Union National Bank.
Teague lives in Winston-Salem, N.C., with his
owns ranches in Graham, N.C.; Leon, Iowa; Artesia Wells, Texas; and Crystal City, Texas.
has three sons.