After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. A list of current Board of Directors iii. 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. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. Benjamin Espy, DVM, DACT. the point of contact for all inquiries relating to the search. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Three Riverway, Suite 1600 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. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. 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. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. 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. 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. Two of five independent directors are women, including the chair. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 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. 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 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. All rights reserved. (Some members of management team are also on committees.). 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. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Cotton farming was another area into which the company plunged with a fair amount of success. Henrietta King died in 1925, at the age of 92. Smith's reign lasted only a year. top of page. The company represents a colorful part of Texas history. San Antonio, TX. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. King Ranch operates extensive turfgrass operations and is the majority owner of one of the largest citrus producers No Affliation. King's Home Board of Directors. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. Underbrink has been . King also began to buy and sell cattle in huge numbers. Tio retired from management after 35 years of service and was elected to the King Ranch Board of Directors in 1995 where he serves today. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. The result was a new breed, which they dubbed "Santa Gertrudis." Email: dbivins@king-ranch.com, King Ranch Corporate Offices More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Company Ownership: Employee-owned Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. 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. 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. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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. Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. Type of Private Board: Fiduciary 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). Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. Beef was not the only thing King Ranch was able to breed successfully. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. The City Council serves as the Board of Directors. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. These transplanted villagers went to work on the ranch. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. more than 50,000 books and 120,000 other kinds of references. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. Contact: 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 310 East Wildwood. 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. 26, 2014. 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 split his time between his two businesses, steamboating and ranching, during this period. 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. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. (832) 681-5700. 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 . 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. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. Finally, in 1899, an artesian well was drilled. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Fiduciary board awards were broken down by company revenues and ownership type. Submit a correction or make a comment about this profile. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . 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. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. 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. 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. Responsible for overall supervision and control of all functions of Valor Ranch. These transplanted villagers went to work on the ranch. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. All rights reserved. . All rights reserved. For Immediate Release. Range in Sheridan and Cherry Counties.. Ruling year info. 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). 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. All board members also participate in the ESOP communications and administration committee. 74-6044809. Tio Kleberg King Ranch Board of Directors. His buying trips frequently took him into Mexico. He serves as a board member of the Texas State Historical . United States. Board of Directors data for 2020 *with the ability to download the data for 2019 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. Directors / Officers. Type of Private Board: Fiduciary 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. Visit Site. 4 years ago. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. 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. The front entrance to the King Ranch's 27-room, 37,000-square-foot Main House, with its stucco walls, red-tile roof, Italian-style carved friezes, and arched columns, has been described as "a . The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. The event was postponed in 2020 due to the COVID-19 pandemic. Liked by Terry King. King Ranch is the largest ranch in the United States. 267 were here. Approximate Annual Company Revenues: Under $100 million King Ranch. 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. Along the way, the ranch's selective breeding efforts intensified. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: 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. 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. 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. Board meetings include reviewing overdrafts and past-due loans. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. In 1976 Clement hired W.B. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Over the course of the previous decade, the company had successfully overcome falling demand for beef by diversifying into new growth areas and selling off its international properties in order to focus on its domestic operations. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. He then bought the parcels and annexed them to the ranch. However, the City has no liability for the debt. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. 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. Yarborough to take control of King Ranch's oil and gas business. 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 King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. . King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. When King died in 1885, he left his entire estate to his wife, Henrietta. 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. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. 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. St. James Press, 2004. Best practices taken from public boards: executive session preceding each quarterly board meeting, continual refreshment of board advisors to be certain that it is composed of individuals that have experience in the issues affecting the future of the company, board members act as much as possible like a public board. 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. 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. Clement Jr., is the chairman of the King Ranch board of directors. Jeannie has been a board member of the Aspen Education Foundation since moving to Aspen six years ago. 1946. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. Henrietta King died in 1925, at the age of 92. Company Ownership: Family-owned "It's a great organization, with a lot of Texas heritage to it and a great culture. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. Robert J. Underbrink. During the first fifteen years of the twentieth century, King Ranch managed once again to thrive in the face of further droughts, wars with Mexican raiders, and Kleberg's failing health. When King died in 1885, he left his entire estate to his wife, Henrietta. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. Kleberg quickly became an indispensable part of the ranch's operation. 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. 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. 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. The century-old King Ranch sits just outside of Cheyenne. Sheila is active in CattleWomen's groups at the local, state . 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. 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. . David Shaw, Publishing Director 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. That keeps the actual meeting time focused on strategic discussions. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. 78212-1756. The publisher/president and his team send a written report one week before each meeting. Governance highlights include: Ulteig Engineers Inc. All rights reserved. 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. 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. 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,". Cowboys Working in the Laureles Division - King Ranch Saddle Shop. Copyright 2023 King Ranch. Submit a correction or make a comment about this profile. 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. Annoying wild mustangs and donkeys were captured and shipped elsewhere. (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. 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.. Finally, we can read about how these great companies came about with Company Histories.. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. The company represents a colorful part of Texas history. The board works hard to know and understand their customers. As the 1990s opened, King Ranch faced a number of questions. 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. Angel served honorably in the U.S. Army and California Army National Guard . Underbrink has been. King Ranch. Before joining King Ranch, Hodgen spent six . Image credit: Chas S Middleton & Son. 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. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. Jobs; . 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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 innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. COPYRIGHT | PRIVACY POLICY | TERMSOFUSE, about Crime Watch: Horse stolen near Orange, about Texas, Oklahoma weekly livestock auction summaries for March 3, about U.S. drought monitor and summary report for Feb. 28, Texas, Oklahoma weekly livestock auction summaries for March 3, U.S. drought monitor and summary report for Feb. 28. Email: dbivins@king-ranch.com, King Ranch Corporate Offices King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the 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. The GO debt and the O&M is . Governance highlights include: Larsen Design Group Inc. Type of Private Board: Fiduciary 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. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . 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. Official Website: . learn how over 7,000 companies got started! Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. Kleberg quickly became an indispensable part of the ranch's operation. 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. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and A majority independent board with nine outside directors, four inside (including three founders). President, CEO and a member of the board for 10 years, and an employee for 36 years. Board of Directors data for 2021 *with the ability to download the data for 2019, 2018, 2017, 2016, 2015 Download it now for $125.