king ranch board of directors

production, horses, wildlife management and recreation, and the production of a number of agricultural commodities The publisher/president and his team send a written report one week before each meeting. 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. From 1979 to 1988 he managed the South Texas Agricultural operations. Before joining King Ranch, Hodgen spent six years as Managing Director at AMERRA Capital Management, where the Private Equity team under his leadership invested in six agribusiness and aquaculture platform companies and he served on the Board of Directors for two of those investments. Over the course of over 160 years, King Ranch led some of the first cattle drives, developed the Santa Gertrudis and Santa Cruz breeds of cattle, bred the finest Quarter Horses, and produced champion Thoroughbredsall under its iconic Running W brand. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Tio Kleberg continued to run the ranch's day-to-day operations. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. 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. 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. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Both iterations of the board trained up the family members, who did not have governance backgrounds. 78212-1756. As income from both cattle and petroleum operations declined, the company was forced to look for other business areas in which to try its hand. including cotton, milo, sugar cane, almonds and pistachios and various vegetables. A list of current Board of Directors iii. He then bought the parcels and annexed them to the ranch. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . These transplanted villagers went to work on the ranch. 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. Approximate Annual Company Revenues: Under $100 million Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. A complete timeline of King Ranch's History from founding to present including key milestones and major events. Annoying wild mustangs and donkeys were captured and shipped elsewhere. Within a decade, through a combination of strategic horse purchases and the application of its fabulously successful breeding techniques, King Ranch had established a dynasty of champion cutting horses. The mission of the Kindness Ranch is to provide a sanctuary and place of rehabilitation for animals who have been used in laboratory research while fostering compassion for all animals. 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. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. 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. Sprawled across 1,300 square miles of Texas hills, desert and coastal prairies, King Ranch is among the top hunting destinations in North America, and one of the Lone Star . The family is in its 7th generation, and we believe the time is right to proceed with Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. CEO Robert Hodgen. 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. From historic hunting trips to the Crown Jewel of the property, the "17-bedroom, 37,000-square-foot Mediterranean-style mansion, the land maintains its reputation by still running profitable ranch-like adventures, from cattle operations to citrus . (832) 681-5700. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Two of five independent directors are women, including the chair. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. He then bought the parcels and annexed them to the ranch. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. Several new ways to generate revenue were found over the next few years. Sep 25, 2011. His buying trips frequently took him into Mexico. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Approximate Annual Company Revenues: Under $100 million 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 chair (family) and CEO (currently non-family) roles are split and have been for many years. . Submit a correction or make a comment about this profile. Dick Kleberg died in 1955. The Texas Wildlife Association selected Bryant as the Texas Outdoorsman of the Year (2016) and he was inducted into the Texas Conservation Hall of Fame with Tio Kleberg, sponsored by the Texas Parks and Wildlife Foundation (2017). In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. Board has advised management on issues including strategic planning, risk management, organizational design to show employees they have a path for growth and development within the firm, which areas of growth to invest in, DEI, COVID pandemic response. 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. Visit Site. 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. Finally, we can read about how these great companies came about with Company Histories.. In addition, the number of company shareholders had increased over the years through inheritances, and the very future of the ranch as a single entity was called into question. Governance highlights include: Ulteig Engineers Inc. The Fence Task Force will address fencing inconsistencies and appearance on Ken-Caryl Ranch and develop recommendations for improvements to community perimeter fencing that borders major roads, greenbelts, open space, and other areas as needed. Copyright 2023 King Ranch. Type of Private Board: Fiduciary Ward 4 Board Member. Approximate Annual Company Revenues: $100 million-$350 million The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. One by one, the problems of running a growing ranch were addressed. We are in the resource-management business. When King died in 1885, he left his entire estate to his wife, Henrietta. The King Ranch itself, which covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. (361) 595-5683. He will continue to serve as an advisor to the Company on various matters. Email: dshaw@directorsandboards.com. The Board and the family owners are also very grateful to retiring CEO Robert J. Underbrink for his many years of dedicated leadership and service to the Company. Copyright 2023 King Ranch. 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. In 1854 King brought north not only all of the cattle from one particular Mexican village suffering through a drought, but all of the village's humans as well. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. EIN. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Cotton farming was another area into which the company plunged with a fair amount of success. Cotton farming was another area into which the company plunged with a fair amount of success. King and Kenedy also used their shipping enterprise to supply the Confederate army. Beginning of the Kleberg Family Reign in the 1880s. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. A replay of the awards presentation is available here: https://vimeo.com/561269813. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. Over the course of the previous decade, the company had successfully overcome falling demand for beef by diversifying into new growth areas and selling off its international properties in order to focus on its domestic operations. A copy of the . Smith, who last November was one of the first three outsiders to join the King Ranch board, will continue to direct Kimberly-Clark, a Dallas-based paper goods company. Kleberg built fences to divide the sprawling ranch into more manageable units. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch have expressed a commitment to the kind of experimentation and innovation that have helped the company thrive for so many years. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. King split his time between his two businesses, steamboating and ranching, during this period. top of page. 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. As income from both cattle and petroleum operations declined, the company was forced to look for other business areas in which to try its hand. NTEE code info. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Tio Kleberg commented on the company's diversification in a 1995 U.S. News & World Report: "We no longer see ourselves in the cattle business, as such. 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. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." The King Ranch name and its Running W brand, first used by Captain King 1869 when he became a sole proprietor, continue as one of the most widely recognized identities in the industry. 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. 74-6044809. All board members also participate in the ESOP communications and administration committee. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. The century-old King Ranch sits just outside of Cheyenne. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. The company represents a colorful part of Texas history. Immediate Past Chairman: Forrest DeBuys . By that time, King Ranch had grown to well over a million acres in size and was home to 94,000 head of cattle and 4,500 horses and mules, the quality of which had become very high through selective breeding. 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. Type of Private Board: Fiduciary From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. 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. January 14, 2021. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. Contact: DeJuana Bivins That keeps the actual meeting time focused on strategic discussions. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. 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. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. Clement Jr., is the chairman of the King Ranch board of directors. Fathom also ranked. Other businesses in which King Ranch is involved include residential real estate and a smattering of retail and commercial ventures near its Texas home turf. In addition, Kleberg serves as 1st Vice Chairman of the Texas A&M University-Kingsville Foundation and is a member of the CKWRI Advisory Board. Kingnow covers 825,000 acresmore land than the state of Rhode Island. 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. Phone: 301.529.9808 No Affliation. 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. Dick Kleberg died in 1955. King Ranch operates extensive turfgrass operations and is the majority owner of one of the largest citrus producers The awards presented at the online 2021 Private Company Governance Summit on June 9, honor private company boards that best serve their stakeholders owners, shareholders, employees and community with best practices in their structure and performance. St. James Press, 2004. The descendants claimed that Robert Kleberg had worked for both Richard King and Chapman's widow during a land settlement issue, creating a distinct conflict of interest. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Privacy Policy, Barles, Pete, "He Stayed Ahead of the Herd; Be Bold: Richard King, With Grit and Innovation, Built the World's Largest Ranch,", Chapman, Art, "Texas Supreme Court Ruling Adds Appeal to Legendary King Ranch Celebration,", "The Fabulous House of Kleberg: A World of Cattle and Grass,", Gonzalez, John W., "Nostalgia, Prestige Rules Kingsville, Texas, Ranch Auction,", "The King Ranch: The Last Frontier Empire Confronts the Modern World,", Pare, Terence, "New Chairman Tenderfoot Takes Over,", Romero, Simon, "Betting the Ranch, a Really Big One,". . Type of Private Board: Fiduciary 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. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. Dick Nord. In 1976 Clement hired W.B. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) The GO debt and the O&M is . Board is a leader in local involvement, supporting the company in community philanthropy. Expansion and Innovation in the 1940s-50s. King Ranch. the top of most pages, or via the "Related Topics" box in the sidebar. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. King Ranch is the largest ranch in the United States. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. learn how over 7,000 companies got started! King split his time between his two businesses, steamboating and ranching, during this period. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Published Jul. I feel as if I have been preparing for this role my wholelife and look forward to applying the knowledge and experience Ive gained over my career to the many facets that make up the King Ranch.. 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. succession planning for this important role.. Although King Ranch management maintained that the suit had no merit, its legitimacy was upheld in appellate courts and went under review of the Texas Supreme Court. The ranch covered more than 600,000 acres by this time. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. Cal Farley's is a nonprofit 501(c)(3) corporation organized under the laws of the State of Texas. All rights reserved. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Its employees United States. Yarborough to take control of King Ranch's oil and gas business. Dick Kleberg died in 1955. PO Box 1418. Valor Ranch. A majority independent board with nine outside directors, four inside (including three founders). Company Ownership: Family-owned 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. Dennis Waespi was elected to the Board of Directors in November 2014. Several new ways to generate revenue were found over the next few years. in the United States. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. Houston, TX 77056 Jobs; . King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. Phone: 832-681-5701 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 Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. To get the company back in the black, Kleberg turned to petroleum. King also began to buy and sell cattle in huge numbers. Board of Directors data for 2021 *with the ability to download the data for 2019, 2018, 2017, 2016, 2015 Download it now for $125. And we all feel we have a lot of resources to manage.". By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Dick Kleberg died in 1955. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. In order to expand the ranch during its early years, King hired a lawyer to seek out the owners of the old land grants throughout the area. 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. Yarborough to take control of King Ranch's oil and gas business. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch expressed a commitment to the kind of experimentation and innovation that helped the company to thrive for so many years. 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 . By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . These transplanted villagers went to work on the ranch. Growth has been aggressively pursued. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 Youth at Risk; DYS; . PO Box 1090. Kleberg quickly became an indispensable part of the ranch's operation. PHILADELPHIA--(BUSINESS WIRE)--Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit June 9-11, live online.

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