King split his time between his two businesses, steamboating and ranching, during this period. The City Council serves as the Board of Directors. King Ranch Board of Directors to Begin CEO Search. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved. 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. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. The century-old King Ranch sits just outside of Cheyenne. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing 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. 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. King Ranch Feedyard. The GO debt and the O&M is . 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. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Annoying wild mustangs and donkeys were captured and shipped elsewhere. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. King also began to buy and sell cattle in huge numbers. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . (832) 681-5700. King Ranch. Range in Sheridan and Cherry Counties.. Board of Directors data for 2023 *with the ability to . In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has 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. 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 Ranch is the largest ranch in the United States. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Benjamin Espy, DVM, DACT. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Robert has been a highly capable CEO, who helped the Company diversify and books that might be critical omissions. However, the City has no liability for the debt. 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. Hodgen holds a bachelors degree in animal science from Oklahoma State University and an masters degree in finance from The Wharton School of the University of Pennsylvania. Texas and Southwestern Cattle Raisers Association, To Honor and Protect the Ranching Way of Life. 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. Kleberg built fences to divide the sprawling ranch into more manageable units. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. 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. One by one, the problems of running a growing ranch were addressed. To get the company back in the black, Kleberg turned to petroleum. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. It is mainly a cattle ranch, but also produced the Triple Crown winning . 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. 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. 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. 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. EIN. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Several new ways to generate revenue were found over the next few years. Six-member board today: five independent directors plus CEO. Approximate Annual Company Revenues: Under $100 million 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. Please feel free to suggest Kingnow covers 825,000 acresmore land than the state of Rhode Island. Phone: 301.529.9808 Liked by Terry King. 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. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. Fiduciary board awards were broken down by company revenues and ownership type. 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. Type of Private Board: Fiduciary From 1979 to 1988 he managed the South Texas Agricultural operations. Board of Directors data for 2020 *with the ability to download the data for 2019 4 years ago. 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). Finally, in 1899, an artesian well was drilled. 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. Another turnover in management took place in 1995. The result was a new breed, which they dubbed "Santa Gertrudis." Its been a journey of a lifetime, Underbrink said. Clement Jr., is the chairman of the King Ranch board of directors. Willie Pakebusch. 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. We see them around but we don't know what goes on behind the scenes. Henrietta King died in 1925, at the age of 92. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Agent Address. Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. 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. Yarborough to take control of King Ranch's oil and gas business. All rights reserved. Company Ownership: Employee-owned 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. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. To learn more, visit www.privatecompanydirector.com. The event was postponed in 2020 due to the COVID-19 pandemic. 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. During the 1970s, Clement began to feel that the company had become unwieldy, and he started selling off chunks of King Ranch's overseas real estate. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. In 1976 Clement hired W.B. 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. Three Riverway, Suite 1600 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). Mr Duard King Tall Timber Ranch. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. King Ranch. 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. The exact . Committees do a lot of detail work, saving board meetings for more strategic topics. 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 chair (family) and CEO (currently non-family) roles are split and have been for many years. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. Submit a correction or make a comment about this profile. King Ranch Corporate Offices As the 1990s opened, King Ranch faced a number of questions. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) . 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. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership Cotton farming was another area into which the company plunged with a fair amount of success. Dick Kleberg died in 1955. And we all feel we have a lot of resources to manage.". 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. 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. Three Riverway, Suite 1600 Valor Ranch. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. Clement Jr., is the chairman of the King Ranch board of directors. King also began to buy and sell cattle in huge numbers. 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. Stephen J. Kingsville, TX 78364 United States. When King died in 1885, he left his entire estate to his wife, Henrietta. Modern game management and preservation systems were also set up. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. The King Ranch's board of directors unanimously promoted Houston's Robert J. Underbrink, 49, to president, CEO and a director of the diversified agribusiness company in Kingsville last week. ANTHONY A. SIMMONS, director. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. 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. I was just honored to be considered for the board. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Underbrink has been . 0. Dick Kleberg died in 1955. King Ranch. 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. 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. Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). 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. Morocco and Spain soon followed as well. The sixth annual awards recognize fiduciary boards (those tasked with protecting shareholders, with the authority to vote on decisions that are binding for company management) as well as advisory boards (more informal boards that have no binding regulations, but often a significant strategic role). Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. The company represents a colorful part of Texas history. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. 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. 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. King split his time between his two businesses, steamboating and ranching, during this period. are its most important asset. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. The board includes individuals from a wide variety of backgrounds and experiences, including accounting, engineering, higher education, community service, philanthropy, real estate development and health care. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. 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. 10 years.. 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. . in the United States. Dick Kleberg died in 1955. 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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