Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and production, horses, wildlife management and recreation, and the production of a number of agricultural commodities including cotton, milo, sugar cane, almonds and pistachios and various vegetables. Beef was not the only thing King Ranch was able to breed successfully. His son, Dick, Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. When Hunt told his board of directors at a meeting in Houston that he wanted to pay a consulting firm $500,000 to do a study assessing the King Ranch's environmental problems, Tio glared at him . Meanwhile, as an outgrowth of the King Ranch Quarter Horse program, the company became involved in competition cutting--an arena event in which horses try to separate individual heifers from the herd--in the mid-1970s. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . They have been active on the boards and national councils of many local nonprofits, including Anderson Ranch Arts Center, the Aspen Music Festival, the Roaring Fork Music Society, Jazz Aspen and Aspen Words, among others. One by one, the problems of running a growing ranch were addressed. By the end of the Civil War, thousands of head of cattle were roaming the ranch, which had grown to nearly 150,000 acres in size. President, CEO and a member of the board for 10 years, and an employee for 36 years. Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the succession planning for this important role.. He was then appointed as Senior Vice President in March 2008 and was appointed as President/CEO, as well as a Director, in June 2010. He is a graduate of the California Ag Leadership Program (Class 36) and previously served as a director of the National Grain and Feed Association. From its beginnings in the mid-19th century as a family cattle ranch, the company has evolved into a major multinational operation active in a variety of agricultural and energy-related activities. As part of its strategy to build profit in its agriculture business, the newly created firm acquired the Turner Foods groves from Florida Power & Light. Cotton farming was another area into which the company plunged with a fair amount of success. Henrietta King died in 1925, at the age of 92. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . (832) 681-5700. The 50,000-acre ranch, which features Spanish-style cottages and usually has a full working staff, was settled in 1882 by a Texas Ranger named John Armstrong III, who passed the land on to the family. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Directors / Officers. PO Box 1418. Principal Subsidiaries: King Ranch Holdings, Inc.; King Ranch Properties, Inc.; King Ranch do Brasil S.A. (Brazil); Big B Sugar Corp.; King Ranch Saddle Shop, Inc.; King Ranch Oil and Gas, Inc.; King Ranch Power Corp.; Kingsville Lumber Company; Robstown Hardware Company; Kingsville Publishing Company. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. All rights reserved. King Ranch remained focused on its oil holdings as well and in 1999 spun off its King Ranch Energy Inc. subsidiary just before its merger with St. Mary Land and Exploration Co. King Ranch. James H. Clement, Jr. 25. It is mainly a cattle ranch, but also produced the Triple Crown winning . They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Henrietta King died in 1925, at the age of 92. We accept mature and experienced students with ranch management experience, and teach them . He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. Approximate Annual Company Revenues: Under $100 million By 1952 the company was sending livestock to outposts in Cuba and Australia with the hope of boosting production by introducing Santa Gertrudis genes into the mix. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. Kleberg married King's daughter Alice the following year. Dick Kleberg died in 1955. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 0. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. In 1858 King built the first ranch house at the Santa Gertrudis site on a spot suggested by his friend Robert E. Lee, a young Lieutenant Colonel at the time. Governance highlights include: Commerce State Bank For Immediate Release January 14, 2021 (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. A private company, King Ranch is owned by 60 or so descendants of company founder Captain Richard King, a legendary figure in the history of cattle ranching in the United States. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) 267 were here. Company Ownership: Employee-owned January 14, 2021. Ward 4 Board Member. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. King's Home Board of Directors. Company Ownership: Employee-owned Three Riverway, Suite 1600 He serves on the boards of King Ranch, Inc.; Chairman of the Management . King and Kenedy also used their shipping enterprise to supply the Confederate army. Yarborough, an independent petroleum operator and former Humble Oil geologist--not to mention the husband of Richard Kleberg, Sr.'s, daughter Katherine--decided to take on the task on a part-time basis. By this time, the newer, nonagricultural businesses were accounting for more than half of the company's income, and Tio Kleberg was the only King descendant still actively working the ranch. Company Ownership: Family-owned Kleberg quickly became an indispensable part of the ranch's operation. Best practices taken from public boards: executive session preceding each quarterly board meeting, continual refreshment of board advisors to be certain that it is composed of individuals that have experience in the issues affecting the future of the company, board members act as much as possible like a public board. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. 1946. The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. In 1853, Captain Richard King purchased a creek-fed oasis in the Wild Horse Desert of South Texas, sparking generations of integrity, preservation, and innovation. Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. A series of Pacific low pressure and frontal systems moved across the , Continue Reading about U.S. drought monitor and summary report for Feb. 28. In 1976 Clement hired W.B. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the The Private Company Governance Summit now in its ninth year, is the only national conference focused on the unique governance challenges for owners, shareholders, directors and advisory board members of closely held, family-owned and private equity-owned companies. Board of Directors data for 2020 *with the ability to download the data for 2019 current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Prior to AMERRA, he served as senior vice president of J.D. Houston, TX 77056 Both iterations of the board trained up the family members, who did not have governance backgrounds. A steamboat pilot by trade, King had arrived in southern Texas about eight years earlier to run a shipping operation on the Rio Grande with partner Mifflin Kenedy. Wyoming 2015 King Ranch Cheyenne, WY Leopold Conservation Award Recipient. Dick Kleberg Jr. died in 1979, and soon after that his son, Stephen "Tio" Kleberg, took over management of King Ranch South Texas, the company's core ranch operation. The family is in its 7th generation, and we believe the time is right to proceed with He is a founding board member of The Texas Agricultural Land Trust, Texan by Nature, and served on the East Foundation's Professional Advisors Group. Hodgen holds a B.S. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. King Ranch Board of Directors to Begin CEO Search January 14, 2021 For Immediate Release January 14, 2021 (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. The bank was able to pivot in the face of COVID-19 to work-from-home arrangements and, most impressively, to drive-thru mortgage closings. Official Website: . the point of contact for all inquiries relating to the search. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. Annoying wild mustangs and donkeys were captured and shipped elsewhere. Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. In order for this to happen, the cattle had to be driven thousands of miles to railroad points as far away as St. Louis, and later, Abilene, Kansas. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. The front entrance to the King Ranch's 27-room, 37,000-square-foot Main House, with its stucco walls, red-tile roof, Italian-style carved friezes, and arched columns, has been described as "a . 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. Expansion and Innovation in the 1940s-50s. Compared to last week: Feeder steers and heifers sold mostly steady to 4.00 higher, , Continue Reading about Texas, Oklahoma weekly livestock auction summaries for March 3, This week's drought summary Company Ownership: Family-owned 109. Submit a correction or make a comment about this profile. An independent Transition Committee of the board, consisting of the four independent directors, guided LDG through its transition from a 60% ESOP to a 100% ESOP in 2020 and selected the third CEO in the companys history. A lawsuit was brought against the company by the descendants of Major William W. Chapman, a business partner of Richard King during the formation of the ranch in the 1850s. Estate taxes had left the ranch with a $3 million debt, however, and for the next few years the company struggled to remain afloat, with Bob Kleberg acting as manager of its day-to-day operations. The result was a new breed, which they dubbed "Santa Gertrudis." Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Along the way, the ranch's selective breeding efforts intensified. Written by:Kristin HawkinsPublished on:August 10, 2021, Texas & Southwestern Cattle Raisers Association Special Ranger Mike Boone, District 23 in East , Continue Reading about Crime Watch: Horse stolen near Orange, Texas King Ranch is the largest ranch in the United States. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Four years later he became the first president of King Ranch Oil and Gas, Inc., a new wholly owned subsidiary formed to handle all of King Ranch's petroleum affairs. Cotton farming was another area into which the company plunged with a fair amount of success. King Ranch is the largest ranch in the United States. Before joining King Ranch, Hodgen spent six . Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." King also began to buy and sell cattle in huge numbers. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing When Mrs. King's estate was finally untangled, Kleberg's widow, Alice, and her children consolidated as much of the ranch as possible by purchasing the properties of other heirs. Smith's reign lasted only a year. Its been a journey of a lifetime, Underbrink said. While it is perhaps most famous for its agribusiness segment (cattle breeding; horse breeding; farming; commodity marketing and processing; commercial hunting leases), King Ranch also explores and develops oil and gas properties through its King Ranch Oil and Gas, Inc. subsidiary. The board works hard to know and understand their customers. As the 1990s opened, King Ranch faced a number of questions. COPYRIGHT | PRIVACY POLICY | TERMSOFUSE, about Crime Watch: Horse stolen near Orange, about Texas, Oklahoma weekly livestock auction summaries for March 3, about U.S. drought monitor and summary report for Feb. 28, Texas, Oklahoma weekly livestock auction summaries for March 3, U.S. drought monitor and summary report for Feb. 28. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Company Ownership: Closely Held His son, Dick, Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. Tio retired from management after 35 years of service and was elected to the King Ranch Board of Directors in 1995 where he serves today. Succession of family members on the board has been developed with age limits implemented for older board members and 10-year term limits implemented for new family board members. Kleberg built fences to divide the sprawling ranch into more manageable units. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. Phone: 301.529.9808 However, the City has no liability for the debt. At some 825,000 acres (3,340 km2; 1,289 sq mi) it is larger than the state of Rhode Island and country of Luxembourg. Type of Private Board: Fiduciary Type of Private Board: Fiduciary Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. (832) 681-5700. Dick Kleberg died in 1955. NTEE code info. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Today only one of the estimated two hundred lineal descendants of Richard and Henrietta King works and lives full-time on the ranch: 31-year-old James Clement III, whose father, Dallas resident James H. Clement Jr., is the chairman of the King Ranch board of directors. Mr Duard King Tall Timber Ranch. work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last His son, Dick Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. The event was postponed in 2020 due to the COVID-19 pandemic. Valor Ranch. Angel served honorably in the U.S. Army and California Army National Guard . Type of Private Board: Fiduciary Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. Captain King started up his ranch in 1853 in an area known at the time as the Wild Horse Desert or the Nueces Strip, bounded by the Nueces River on the north and the Rio Grande on the south. Specific information related to the desired use of the grant ii. Corporate management at the ranch predated Jack Hunt. Type of Private Board: Fiduciary January 14, 2021. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. Before joining King Ranch, Hodgen spent six years as [] Regardless of its future path, the King Ranch name and its Running W brand would surely continue as one of the most widely recognized identities in the industry. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. After the passing of one of the ranch owners, the ranch management was left in the hands of Mark Eisele, who has worked on the ranch since the 1970s. Parts of King Ranch's property were opened not only to hunters--who since 1979 were able to pay nearly $3 million a year to shoot at deer, turkeys, and other animals--but to tourists as well. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. A copy of the . The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. 1989. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the In the September 25, 2001 agreement, appellant agreed and stipulated to extend the October 19, 2001 . Underbrink has been . In 1988, seeing a need to diversify, the family hired Darwin E . top of page. Underbrink has been the top of most pages, or via the "Related Topics" box in the sidebar. The Kleberg family's choice to replace him as president and chief executive officer of the company was James H. Clement, the husband of Ida Larkin, one of Richard King's great-granddaughters (and Robert Kleberg, Sr.'s, granddaughters). Who lives on King Ranch? Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. Mark and his wife Trudy and their family, proudly carry on the . Heiskell & Co., a 135 year-old family-owned company focused on livestock feed manufacturing, domestic and international grain trading and logistics as well as biofuels production. He will continue to serve as an advisor to the Company on various matters. All board members also participate in the ESOP communications and administration committee. Agent Address. King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. When Mrs. King's estate was finally untangled, Kleberg's widow, Alice, and her children consolidated as much of the ranch as possible by purchasing the properties of other heirs. Several new ways to generate revenue were found over the next few years. His son, Dick, Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. He has also been an editor for the magazine The Horse since 2008. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. King and Kenedy also used their shipping enterprise to supply the Confederate army. Two of five independent directors are women, including the chair. Clement Jr., is the chairman of the King Ranch board of directors. He then bought the parcels and annexed them to the ranch. Fiduciary board awards were broken down by company revenues and ownership type. He also began to cross his cowherd with Shorthorn and Hereford bulls, since the expansion of the railroad made the Longhorn's ability to walk long distances irrelevant. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. Underbrink has been. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. Clement was replaced by Kimberly-Clark CEO Darwin Smith, who became the first chief executive in company history with no familial ties to founder Richard King. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. The awards were created to recognize private companies that go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. Copyright 2023 King Ranch. Private Independent Foundations (T22) All transactions of the District are included in the City's financial statements. Kleberg quickly became an indispensable part of the ranch's operation. Each location will have a 25,000 square foot, HOUSTON August 9, 2021 The King Ranch, Inc., Board of Directors announced that Robert Hodgen will be the new President and Chief Executive Officer of the company effective today. United States. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. In choosing Clement to lead King Ranch into the next generation, the family passed over Robert Shelton, a vice-president and King relative who had been raised by Bob Kleberg. The publisher/president and his team send a written report one week before each meeting. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. I was just honored to be considered for the board. The merger--structured as a stock swap worth $53 million between King Ranch and St. Mary shareholders--included properties in the Gulf of Mexico and the onshore Gulf Coast. Yarborough to take control of King Ranch's oil and gas business. I am honored to have the opportunity to serve as the next CEO and look forward to leading such a competent and capable team, Hodgen said. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. They join other board members Michael W. Gibson, Warren H. Haruki, Robert L. Hind III, Timothy E. Johns, David H. McCoy (Board chairman), Brendan G. Moynahan, Randolph G. Moore, Herbert M. (Monty) Richards Jr., and Arthur C. Tokin. A complete timeline of King Ranch's History from founding to present including key milestones and major events. Modern game management and preservation systems were also set up. Company Chairman John D. Alexander, Jr. and John T. Steen III Vice-Chairman commented that the King Ranch Board is looking forward to working with Robert and are confident his broad professional experience along with a deep knowledge of finance and ag related investments make him a great choice to lead King Ranch into the future. Dick Nord. A steamboat pilot by trade, King had arrived in southern Texas about eight years earlier to run a shipping operation on the Rio Grande with partner Mifflin Kenedy. Robert has brought to King Ranch. President, CEO and a member of the board for 10 years, and an employee for 36 . The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. Billionaire Stan Kroenke, owner of what are now the NFL's Los Angeles Rams, has purchased a massive Texas ranch that had a $725 million price tag. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. A management upheaval took place in 1987 when, within the span of half a year, Clement retired as president of King Ranch and Yarborough retired as president of the King Ranch Oil & Gas subsidiary. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. In August 2003, however, the Texas Supreme Court ruled against the Chapman descendants, arguing that there was not enough evidence to proceed with a trial. The ranch managed to survive its early years in spite of a hostile environment created by the presence of bandits, unhappy Indians, and the usual assortment of rustlers, raiders, and ruffians associated with the Wild West. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. The awards honor the performance of the board as a whole. King Ranch Feedyard. COMPANY. These transplanted villagers went to work on the ranch. Robert J. Underbrink. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Clement Jr., is the chairman of the King Ranch board of directors. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. Land Resources Manager. 78212-1756. Six-member board today: five independent directors plus CEO. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the United States Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed.
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