211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. 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. Mark and his wife Trudy and their family, proudly carry on the . (Some members of management team are also on committees.). 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. Dick Nord. Expansion and Innovation in the 1940s-50s. 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. Approximate Annual Company Revenues: Under $100 million From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. 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. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. Underbrink has been . King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: the point of contact for all inquiries relating to the search. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. Dick Kleberg died in 1955. The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. James manages the ranch's horse operations and lives in a bungalow near . 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved. 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. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. 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. King's Home Board of Directors. 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. Copyright 2023 King Ranch. All rights reserved. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 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). The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. DeJuana Bivins Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. Cotton farming was another area into which the company plunged with a fair amount of success. 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. King Ranch. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. Company Ownership: Employee-owned Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). Houston, TX 77056 Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Company Ownership: Family-owned Two weeks ago two other . King Ranch celebrated its 150th anniversary in 2003. Before joining King Ranch, Hodgen spent six years as [] Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. When Mrs. King's estate was finally untangled, Kleberg's widow, Alice, and her children consolidated as much of the ranch as possible by purchasing the properties of other heirs. Governance highlights include: C.G. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Cal Farley's Boys Ranch Board of directors as of 02/13/2023 SOURCE: Self-reported by organization . It is mainly a cattle ranch, but also produced the Triple Crown winning . The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Annoying wild mustangs and donkeys were captured and shipped elsewhere. Yarborough to take control of King Ranch's oil and gas business. Modern game management and preservation systems were also set up. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. Clement Jr., is the chairman of the King Ranch board of directors. 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. Governance highlights include: Commerce State Bank 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. Houston, TX 77056 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. Benjamin Espy, DVM, DACT. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. 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. 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. 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. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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. 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 . The company is transforming itself into a holding company with the newspaper at the center. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Fiduciary board awards were broken down by company revenues and ownership type. Board is a leader in local involvement, supporting the company in community philanthropy. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. Smith's reign lasted only a year. 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. 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. Wyoming 2015 King Ranch Cheyenne, WY Leopold Conservation Award Recipient. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. During the first 15 years of the 20th century, King Ranch managed once again to thrive in the face of further droughts, wars with Mexican raiders, and Kleberg's failing health. In 1976 Clement hired W.B. 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 Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. According to a 2003 New York Times article, "The ruling could set an important precedent for questioning the legitimacy of land titles secured in Texas in the 19th century, especially for Hispanic families who contend that land grants dating to the Spanish empire were taken over by white settlers through fraudulent methods." 310 East Wildwood. 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. Fathom also ranked. In the September 25, 2001 agreement, appellant agreed and stipulated to extend the October 19, 2001 . Approximate Annual Company Revenues: Under $100 million Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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. ANTHONY A. SIMMONS, director. All board members also participate in the ESOP communications and administration committee. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Prior to AMERRA, he served as senior vice president of J.D. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Governance highlights include: Larsen Design Group Inc. 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 . 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. work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last Ward 4 Board Member. Copyright 2023 King Ranch. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. learn how over 7,000 companies got started! A replay of the awards presentation is available here: https://vimeo.com/561269813. Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and production, horses, wildlife management and recreation, and the production of a number of agricultural commodities including cotton, milo, sugar cane, almonds and pistachios and various vegetables. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. The company represents a colorful part of Texas history. Land Resources Manager. Both iterations of the board trained up the family members, who did not have governance backgrounds. 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. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. Term: 2018 - 2020. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. 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. 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 Type of Private Board: Fiduciary including cotton, milo, sugar cane, almonds and pistachios and various vegetables. Private Independent Foundations (T22) Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. 210.861.4765. benespy@icloud.com. Willie Pakebusch. 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. succession planning for this important role.. These transplanted villagers went to work on the ranch. Angel served honorably in the U.S. Army and California Army National Guard . That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. A copy of the . They may be accessed by the "Bibliography" tab at In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. Prior to AMERRA, he served as Senior Vice President of J.D. Phone: 832-681-5701 Kingsville, Texas. Copyright 2023 King Ranch. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. Two of five independent directors are women, including the chair. The result was a new breed, which they dubbed "Santa Gertrudis." in the United States. Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. 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. From its beginnings in the mid-nineteenth 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. Finally, in 1899, an artesian well was drilled. Underbrink has been Sep 25, 2011. Published Jul. Kingnow covers 825,000 acresmore land than the state of Rhode Island. 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 King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. Type of Private Board: Fiduciary 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. Official Website: . "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. To get the company back in the black, Kleberg turned to petroleum. Tio graduated from Texas Military Institute in 1964. 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. 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. 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. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 As we move ahead, we will King Ranch Corporate Offices These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. Source: International Directory of Company Histories, Vol.60. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. Written by:Kristin HawkinsPublished on:August 10, 2021, Texas & Southwestern Cattle Raisers Association Special Ranger Mike Boone, District 23 in East , Continue Reading about Crime Watch: Horse stolen near Orange, Texas 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. Several new ways to generate revenue were found over the next few years. 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. . As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. 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. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Image credit: Chas S Middleton & Son. 10 years.. Contact: DeJuana Bivins In the 1950s the company went international. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. 1946. 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. "It's a great organization, with a lot of Texas heritage to it and a great culture. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Yarborough to take control of King Ranch's oil and gas business. 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership more than 50,000 books and 120,000 other kinds of references. 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. He then bought the parcels and annexed them to the ranch. Hodgen, 45, brings nearly 25 years of executive leadership and, KINGSVILLE, July. Specific information related to the desired use of the grant ii. Copyright 2023 King Ranch. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. 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. 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. United States. King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. 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. Six-member board today: five independent directors plus CEO. Three Riverway, Suite 1600 pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". The ranch covered more than 600,000 acres by this time. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Robert J. Underbrink. Kingsville, TX 78364 United States. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. 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. 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. (832) 681-5700. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. 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. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. The Company continues to expand its operations. Mr Duard King Tall Timber Ranch. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Company Ownership: Family-owned 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. Houston, TX 77056 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. King also began to buy and sell cattle in huge numbers. Members of the Cal Farley's board of directors volunteer their time, talents, leadership and prayers on behalf of the children and families whose lives Cal Farley's transforms every day.
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