In 1976 Clement hired W.B. 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 . 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. Kleberg married King's daughter Alice the following year. Phone: 301.529.9808 (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. "I was surprised when I got a call, and honored," King said Friday. These transplanted villagers went to work on the ranch. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. 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. The awards honor the performance of the board as a whole. Type of Private Board: Fiduciary The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. . The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. All rights reserved. Mr Duard King Tall Timber Ranch. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. King Ranch Feedyard. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. . Stephen "Tio" Kleberg was educated at Texas Tech University in Lubbock, Texas where he received a Bachelor of Science in Animal Science and Business, followed by two years of service in the United States Army as lieutenant. 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.. the point of contact for all inquiries relating to the search. That keeps the actual meeting time focused on strategic discussions. And we all feel we have a lot of resources to manage.". PO Box 1090. 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. Annoying wild mustangs and donkeys were captured and shipped elsewhere. "It's a great organization, with a lot of Texas heritage to it and a great culture. King Ranch is the largest ranch in the United States. 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. DeJuana Bivins 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. He negotiated a long-term lease for oil and gas rights on the entire ranch with Humble Oil and Refining Company, which later became Exxon. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . 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. The King Ranch, Inc., Board of Directors announced last week the search for a successor for current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. King split his time between his two businesses, steamboating and ranching, during this period. His buying trips frequently took him into Mexico. Tio Kleberg continued to run the ranch's day-to-day operations. All rights reserved. Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . 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. "Tio" Kleberg is a member of the King Ranch Board of Directors and a member of the legendary King Ranch family. . As the 1990s opened, King Ranch faced a number of questions. Robert has brought to King Ranch. Copyright 2023 King Ranch. Mark and his wife Trudy and their family, proudly carry on the . King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Dozens of private boards of directors were nominated for the 2021 Private Boards of the Year award, but seven stood out for their diligence, standards and outcomes. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. 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. They may be accessed by the "Bibliography" tab at To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. President, CEO and a member of the board for 10 years, and an employee for 36 years. He negotiated a long-term lease for oil and gas rights on the entire ranch with Humble Oil and Refining Company, which later became Exxon. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. A copy of the . Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. It is mainly a cattle ranch, but also produced the Triple Crown winning . Houston, TX 77056 After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. In the 1950s the company went international. Two weeks ago two other . As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. 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. Known Addresses for King Ranch, Inc. 141 West-Lauro's Hl Kingsville, TX 78363 1415 Louisiana St Houston, TX 77002 3 Riverway Houston, TX 77056 PO Box 1210 Belle Glade, FL 33430 8050 S US Highway 27 South Bay, FL 33493 PO Box 1090 Kingsville, TX 78364 17 Miles E Kingsville, TX 78363 8 W Miles Kingsville, TX 78364 405 S 6th St Kingsville, TX . Clement Jr., is the chairman of the King Ranch board of directors. in the United States. Smith's reign lasted only a year. 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. 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. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. Robert has been a highly capable CEO, who helped the Company diversify and Detailed process for selecting family members for board service, beginning with board observer roles, then submission of a resume, statement of why they wish to join the board, an oral statement and a four-hour interview, with an outside third party assisting. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Robert J. Underbrink. 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. King Ranch had made significant changes in its operations since the early 1990s and its business environment would no doubt continue to transform into the years to come as management looked to diversify into new profitable areas. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. Ruling year info. 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. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Modern game management and preservation systems were also set up. Yarborough to take control of King Ranch's oil and gas business. San Antonio, TX. 26, 2014. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Committees do a lot of detail work, saving board meetings for more strategic topics. In 1969, he received a B. S. in Animal Science at Texas Tech University. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. One by one, the problems of running a growing ranch were addressed. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. Prior to AMERRA, he served as Senior Vice President of J.D. The suit claimed that Kleberg deceived Chapman's widow, defrauding her out of control of the Rincon de Santa Gertrudis, a parcel of land equal to approximately 7,500 acres. Its employees When King died in 1885, he left his entire estate to his wife, Henrietta. These transplanted villagers went to work on the ranch. Kleberg married King's daughter Alice the following year. 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. are its most important asset. A list of current Board of Directors iii. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. Type of Private Board: Fiduciary Board Certified Equine Reproduction. The external directors are adding value in development of a strategic plan that allows the company to grow and create value for employee-owners (debt, cash flow, investments). Contact: DeJuana Bivins More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Several new ways to generate revenue were found over the next few years. Parts of King Ranch's property were opened not only to hunters, who pay nearly $3 million a year to shoot at deer, turkeys, and other animals, but to tourists as well. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Company Ownership: Family-owned 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. Stephen J. Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. 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. Dick Kleberg died in 1955. Dr. Espy has a solid resume of experiences and service to the veterinary profession . He will continue to serve as an advisor to the Company on various matters. Finally, in 1899, an artesian well was drilled. (361) 595-5683. 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 . Another turnover in management took place in 1995. 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. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. Richard King born 1825-07-10 in Orange County, New York - 1885 (Ranch Owner) Henrietta Maria King born 1856-04-17 in Brownsville, Cameron, Texas, USA - 1917. Published Jul. Services. Governance highlights include: Daily Gazette of Schenectady 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. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. The King Ranch itself 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. When an acquisition was canceled because of the financial impact of COVID-19, the board played a role in retaining employees who were preparing to leave when the acquisition was to be completed. Underbrink has been, KINGSVILLE Aug. 25, 2020 For Immediate Release Visitors will have to wait one more year for the 30th Annual King Ranch Ranch Hand Breakfast. Wyoming 2015 King Ranch Cheyenne, WY Leopold Conservation Award Recipient. Finally, we can read about how these great companies came about with Company Histories.. Chance completed a project focusing on Key Performance Indicators that management and the board of directors can use to determine the ranch's profitability and productivity, while also . The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . 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. We accept mature and experienced students with ranch management experience, and teach them . Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. Underbrink has been . Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. Underbrink has been. The board also helped with the development of a three-year strategic plan and two new office locations nationally in 2020 and 2021, with an additional location planned for 2021. 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. Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. The City Council serves as the Board of Directors. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. Jobs; . HOUSTON, February 24, 2022, For Immediate Release King Ranch, Inc. announced the continued expansion of King Ranch Ag & Turf in East Texas, with new stores planned in Livingston and Huntsville. Cotton farming was another area into which the company plunged with a fair amount of success. Ward 4 Board Member. 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. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. Company Ownership: Family-owned 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. 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. When King died in 1885, he left his entire estate to his wife, Henrietta. Copyright 2023 King Ranch. All rights reserved. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. 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. Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. 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. Internet Explorer presents a security risk. He serves as a board member of the Texas State Historical . Although it is perhaps most famous for its agribusiness segment (cattle breeding; horse breeding; farming; citrus groves; commodity marketing and processing; commercial hunting leases), King Ranch also oversees retail operations including luggage and leather goods, farm equipment, commercial printing, and tourism. All board members also participate in the ESOP communications and administration committee. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Approximate Annual Company Revenues: Under $100 million Company Ownership: Closely Held Tio Kleberg King Ranch Board of Directors. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. expansion of the King Ranch Texas Kitchen restaurant concept. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Its been a journey of a lifetime, Underbrink said. 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. 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. Board meetings include reviewing overdrafts and past-due loans. The board works hard to know and understand their customers. King Ranch. Specific information related to the desired use of the grant ii. 78212-1756. The company began actively exploring for oil and gas, rather than passively waiting for royalties on the oil and gas found on its property by others. 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. Phone: 832-681-5701 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. 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. Discover King Ranchs Affiliated Websites, Discover our legacy of handcrafted quality, Drive the bold ruggedness of the King Ranch Ford Truck, Find the highest quality turfgrass for your lawn, Explore the best bermuda greens grasses for golf courses, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. King Ranch. 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. 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 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. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Six-member board today: five independent directors plus CEO. The publisher/president and his team send a written report one week before each meeting. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . 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. Company Ownership: Family-owned Finally, in 1899, an artesian well was drilled. Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. Submit a correction or make a comment about this profile. Both iterations of the board trained up the family members, who did not have governance backgrounds. In 1998, the company merged its Running W Citrus operations with Collier Enterprises to form Consolidated Citrus Limited Partnership. 1989. Kingsville, Texas. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. For Immediate Release. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. 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 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. succession planning for this important role.. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. 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. 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. King Ranch. 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. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. Three Riverway, Suite 1600 He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . 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. Type of Private Board: Advisory Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. (832) 681-5700.
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