210.861.4765. benespy@icloud.com. 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. The GO debt and the O&M is . Willie Pakebusch. . 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. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Kleberg quickly became an indispensable part of the ranch's operation. Copyright 2023 King Ranch. ANTHONY A. SIMMONS, director. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. The board focuses on strategic issues and selecting advisors with specific skill sets to help management. 0. One by one, the problems of running a growing ranch were addressed. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . The ranch covered more than 600,000 acres by this time. (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. Phone: 832-681-5701 From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. Chairman: Kevin Borie. Type of Private Board: Fiduciary Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. 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. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. 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. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Committees do a lot of detail work, saving board meetings for more strategic topics. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. (832) 681-5700. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. Directors / Officers. 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. Although 60,000 head of cattle still graze King Ranch's sprawling acreage and the company remains a major force in the cattle industry, King Ranch has evolved into a distinct agribusiness and energy corporation. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. the point of contact for all inquiries relating to the search. All transactions of the District are included in the City's financial statements. Several new ways to generate revenue were found over the next few years. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. Cotton farming was another area into which the company plunged with a fair amount of success. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 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. 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. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the U.S. Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. 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. The company eventually established a presence in Brazil, Argentina, and Venezuela, where the techniques developed to clear mesquite brush in Texas could be used on South American rain forest. King and Kenedy also used their shipping enterprise to supply the Confederate army. 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. Two of five independent directors are women, including the chair. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. 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. 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. Chartered as a Texas non-profit corporation in 1969, the Association's stated purpose was to preserve the physical, social and cultural aspects of ranching and to perpetuate the traditions intrinsic values and history of one of our nation's most important industries. 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. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. more than 50,000 books and 120,000 other kinds of references. Company Ownership: Employee-owned a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. 10 years.. Email: dbivins@king-ranch.com, King Ranch Corporate Offices He then bought the parcels and annexed them to the ranch. Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. 26, 2014. They may be accessed by the "Bibliography" tab at 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. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. Smith's reign lasted only a year. 267 were here. Much of the livestock ended up in the Chicago stockyards; other destinations included new ranches springing up in Oklahoma, Nebraska, Colorado, Wyoming, and Montana, as the cattle industry of the West began to mature. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the Is King Ranch a real ranch? "Tio" Kleberg is a member of the King Ranch Board of Directors and a member of the legendary King Ranch family. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. 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. Kleberg built fences to divide the sprawling ranch into more manageable units. Governance highlights include: Commerce State Bank expansion of the King Ranch Texas Kitchen restaurant concept. Hodgen also served on Amerra's board of . 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. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. Cal Farley's is a nonprofit 501(c)(3) corporation organized under the laws of the State of Texas. Private Independent Foundations (T22) 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. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. 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. Kleberg married King's daughter Alice the following year. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . However, the City has no liability for the debt. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 4 years ago. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. Company Ownership: Family-owned 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. Jobs; . Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Governance highlights include: Larsen Design Group Inc. (832) 681-5700. Were excited, First Renewable Energy Development on King Ranch Noria Hondo 220MW Combined Solar and Battery Farm Project King Ranch is proud to be partnering with Talen Energy Corp. in the development of the first utility scale renewable energy project, Noria Hondo,, 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. 1989. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. The City Council serves as the Board of Directors. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. To get the company back in the black, Kleberg turned to petroleum. Submit a correction or make a comment about this profile. Before joining King Ranch, Hodgen spent six . King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 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. 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. 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. King's Home Board of Directors. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. 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. Kleberg quickly became an indispensable part of the ranch's operation. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. Schmidt 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. Henrietta King died in 1925, at the age of 92. Governance highlights include: MLR Media publishes Directors & Boards, Family Business and Private Company Director magazines, and produces the Private Company Governance Summit; the Transitions (Spring and Fall) and Family Business Legacy & Wealth conferences; The NextGen Summit and the Transformational Women in Family Business and Character of the Corporation forums. Six-member board today: five independent directors plus CEO. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. All rights reserved. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: 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 . For Immediate Release. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. Valor Ranch. 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. Three Riverway, Suite 1600 Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Stephen J. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. 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. Finally, in 1899, an artesian well was drilled. By 1952 the company was sending livestock to outposts in Cuba and Australia in hopes of boosting production by introducing Santa Gertrudis genes into the mix. Robert has brought to King Ranch. That keeps the actual meeting time focused on strategic discussions. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. 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. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. President, CEO and a member of the board for 10 years, and an employee for 36 . By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. To learn more, visit www.privatecompanydirector.com. 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. 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. succession planning for this important role.. Before joining King Ranch, Hodgen was the managing director of private equity at New Yorker-based Amerra Capital Management LLC from 2015 to June 2021. . 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. 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. 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. 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. These transplanted villagers went to work on the ranch. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. These transplanted villagers went to work on the ranch. Type of Private Board: Fiduciary 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. Type of Private Board: Fiduciary Best practices taken from public boards: a first-ever corporate sustainability report, a targeted DEI initiative, quarterly board meetings with separate executive session, board agendas focused on strategy and global issues rather than operational updates, focus on ESG, board members serve set terms, allowing for ongoing board refresh. Clement Jr., is the chairman of the King Ranch board of directors. King Ranch Board of Directors to Begin CEO Search. Clement Jr., is the chairman of the King Ranch board of directors. in the United States. His buying trips frequently took him into Mexico. 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. 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. 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. In 1988, seeing a need to diversify, the family hired Darwin E . In 1867 King began using the Running W brand to mark his cattle. 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. books that might be critical omissions. 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,". Corporate management at the ranch predated Jack Hunt. Official Website:http://www.king-ranch.com/, Do you know something we don't? Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Beef was not the only thing King Ranch was able to breed successfully. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. King Ranch. Tio Kleberg continued to run the ranch's day-to-day operations. He serves on the boards of King Ranch, Inc.; Chairman of the Management . However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Board meetings include reviewing overdrafts and past-due loans. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Wyoming 2015 King Ranch Cheyenne, WY Leopold Conservation Award Recipient. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. We are in the resource-management business. Yarborough to take control of King Ranch's oil and gas business. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Along the way, the ranch's selective breeding efforts intensified. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) He also currently serves as a Director of Consolidated Citrus Limited Partnership, the .