Fred Eugene Kuhn, 56, a vice president of KenMor Electric Co., faces a felony charge of aggravated theft, the Houston Chronicle reported.
Kuhn's arrest warrant states he sold thousands of pounds of scrap metal belonging to his company from a highway project, either alone or through an intermediary employee of his firm, and pocketed the cash.
The employee was not charged in the case, the arrest warrant stating he "never received any of the cash for himself."
Kuhn admitted to the thefts, prosecutors said.
2014: The Year in Music [PHOTOS]