He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . 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. Both iterations of the board trained up the family members, who did not have governance backgrounds. 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. 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. Governance highlights include: Commerce State Bank Range in Sheridan and Cherry Counties.. books that might be critical omissions. Modern game management and preservation systems were also set up. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Benjamin Espy, DVM, DACT. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Houston, TX 77056 Prior to AMERRA, he served as Senior Vice President of J.D. 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. Modern game management and preservation systems were also set up. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Jul 2020 - Present2 years 9 months. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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. 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. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. The deal catapulted Consolidated Citrus into the upper echelon of citrus producers and secured King Ranch's position as the largest citrus grower in the United States. 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. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. Yarborough to take control of King Ranch's oil and gas business. Underbrink has been In 1867 King began using the Running W brand to mark his cattle. I feel as if I have been preparing for this role my whole life and look forward to applying the knowledge and experience Ive gained over my career to the many facets that make up the King Ranch.. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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). Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Tio graduated from Texas Military Institute in 1964. Three Riverway, Suite 1600 The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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 Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. His buying trips frequently took him into Mexico. . 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 . To learn more, visit www.privatecompanydirector.com. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . Approximate Annual Company Revenues: $100 million-$350 million King also began to buy and sell cattle in huge numbers. 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Houston, TX 77056 The company represents a colorful part of Texas history. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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. Morocco and Spain soon followed as well. 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. King Ranch. 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). King Ranch. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. We accept mature and experienced students with ranch management experience, and teach them . 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. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . He serves as a board member of the Texas State Historical . King also began to buy and sell cattle in huge numbers. Fathom also ranked. The company entered the new millennium preparing to celebrate its 150th anniversary in 2003. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. 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. Dick Kleberg died in 1955. 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. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Dick Nord. 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. production, horses, wildlife management and recreation, and the production of a number of agricultural commodities Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. All rights reserved. King Ranch is the largest ranch in the United States. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and Three Riverway, Suite 1600 Phone: 301.529.9808 In 1976 Clement hired W.B. Copyright 2023 King Ranch. The City Council serves as the Board of Directors. In 1853, Captain Richard King purchased a creek-fed oasis in the Wild Horse Desert of South Texas, sparking generations of integrity, preservation, and innovation. Approximate Annual Company Revenues: $350 million-$1 billion As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. Copyright 2023 King Ranch. are its most important asset. 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. The 825,000-acre King Ranch covers nearly 1,300 square miles, an area larger than the entire state of Rhode Island, on four separate Divisions of land known as Santa Gertrudis, Laureles, Norias, and Encino. the point of contact for all inquiries relating to the search. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. 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. top of page. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). 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. Jeannie has been a board member of the Aspen Education Foundation since moving to Aspen six years ago. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the United States. Company Ownership: Family-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. Underbrink has been. Kleberg quickly became an indispensable part of the ranch's operation. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices King Ranch remained focused on its oil holdings as well and in 1999 spun off its King Ranch Energy Inc. subsidiary just before its merger with St. Mary Land and Exploration Co. 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. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. Kleberg built fences to divide the sprawling ranch into more manageable units. 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved. They may be accessed by the "Bibliography" tab at Another turnover in management took place in 1995. Clement Jr., is the chairman of the King Ranch board of directors. Type of Private Board: Fiduciary Stephen J. 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 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. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. Source: International Directory of Company Histories, Vol.60. 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. Before joining King Ranch, Hodgen spent six years as [] He then bought the parcels and annexed them to the ranch. To get the company back in the black, Kleberg turned to petroleum. Smith's reign lasted only a year. 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. Dick Kleberg died in 1955. Its been a journey of a lifetime, Underbrink said. 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. Succession of family members on the board has been developed with age limits implemented for older board members and 10-year term limits implemented for new family board members. 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. 4 years ago. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Company Ownership: Family-owned Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Jobs; . 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. 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. 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. Schmidt January 14, 2021. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. 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. Sheila is active in CattleWomen's groups at the local, state . 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. Todays King Ranch is a major agribusiness with interests in cattle ranching, farming (citrus, cotton, grain, sugar cane, and turfgrass), luxury retail goods, and recreational hunting. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. 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 King died in 1885, he left his entire estate to his wife, Henrietta. Approximate Annual Company Revenues: $100 million-$350 million King Ranch Board of Directors to Begin CEO Search. 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. 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. 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. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. Houston, TX 77056 Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. 0. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch expressed a commitment to the kind of experimentation and innovation that helped the company to thrive for so many years. The Company continues to expand its operations. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. The company is transforming itself into a holding company with the newspaper at the center. Copyright 2023 King Ranch. 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. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. The result was a new breed, which they dubbed "Santa Gertrudis." Board is a leader in local involvement, supporting the company in community philanthropy. All rights reserved. Submit a correction or make a comment about this profile. Contact: The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. . King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. All rights reserved. EIN. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. Underbrink has been . 210.861.4765. benespy@icloud.com. 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. Growth has been aggressively pursued. 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. King Ranch. Annoying wild mustangs and donkeys were captured and shipped elsewhere. 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. These transplanted villagers went to work on the ranch. 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. King Ranch Feedyard. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. succession planning for this important role.. branding partnerships with Ford Motor Co., Textron Aviation and most recently with the Fertitta Family for the In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Board of Directors - 2022. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. King and Kenedy also used their shipping enterprise to supply the Confederate army. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. Type of Private Board: Fiduciary All rights reserved. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Two weeks ago two other . in the United States. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. 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. 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. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. These transplanted villagers went to work on the ranch. Kleberg married King's daughter Alice the following year. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair.

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