A practicing Certified Public Accountant with his own firm since 1976, Phil Stephenson graduated from Texas Tech in 1969.  He later moved to Dallas after being hired by a national firm,  and in 1973 relocated to Wharton,where he and his wife would raise their two children, and he would open his own practice.  He has been actively involved in his community, serving on the Wharton County Jr. College Board of Trustees in 1996 and currently serving as its vice-chair.