Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Services. King and Kenedy also used their shipping enterprise to supply the Confederate army. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. Ruling year info. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. 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. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 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. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Along the way, the ranch's selective breeding efforts intensified. Is King Ranch a real ranch? 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. Its employees Company Ownership: Family-owned Dick Kleberg died in 1955. 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. 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. Type of Private Board: Fiduciary Approximate Annual Company Revenues: $350 million-$1 billion He then bought the parcels and annexed them to the ranch. 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. Hodgen also served on Amerra's board of . These transplanted villagers went to work on the ranch. succession planning for this important role.. 1989. He also began to cross his cowherd with Shorthorn and Hereford bulls, since the expansion of the railroad made the Longhorn's ability to walk long distances irrelevant. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. Several new ways to generate revenue were found over the next few years. 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 event was postponed in 2020 due to the COVID-19 pandemic. Underbrink has been, KINGSVILLE Aug. 25, 2020 For Immediate Release Visitors will have to wait one more year for the 30th Annual King Ranch Ranch Hand Breakfast. 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. Houston, TX 77056 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. 78212-1756. 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. A replay of the awards presentation is available here: https://vimeo.com/561269813. 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. Range in Sheridan and Cherry Counties.. 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. King Ranch is the largest ranch in the United States. 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. 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. Morocco and Spain soon followed as well. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. Contact: 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. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. 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. The awards presented at the online 2021 Private Company Governance Summit on June 9, honor private company boards that best serve their stakeholders owners, shareholders, employees and community with best practices in their structure and performance. Houston, TX 77056 Finally, in 1899, an artesian well was drilled. From 1979 to 1988 he managed the South Texas Agricultural operations. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. King also began to buy and sell cattle in huge numbers. Copyright 2023 King Ranch. Willie Pakebusch. Underbrink has been . In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. King's Home Board of Directors. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. He then bought the parcels and annexed them to the ranch. Chairman: Kevin Borie. 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. Type of Private Board: Fiduciary Clement Jr., is the chairman of the King Ranch board of directors. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. 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. 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. 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. This well, originating more than 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. Kingsville, Texas, United States. Jobs; . Kingsville, TX 78364 | View on Google Maps. 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. In 1969, he received a B. S. in Animal Science at Texas Tech University. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. All rights reserved. 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. 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. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. Three Riverway, Suite 1600 I was just honored to be considered for the board. Type of Private Board: Fiduciary Richard King born 1825-07-10 in Orange County, New York - 1885 (Ranch Owner) Henrietta Maria King born 1856-04-17 in Brownsville, Cameron, Texas, USA - 1917. The King Ranch itself, which covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. President, CEO and a member of the board for 10 years, and an employee for 36 . Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. 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. King Ranch. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. Copyright 2023 King Ranch. The result was a new breed, which they dubbed "Santa Gertrudis." Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. King Ranch Board of Directors to Begin CEO Search January 14, 2021 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. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) Clement was replaced by Kimberly-Clark CEO Darwin Smith, who became the first chief executive in company history with no familial ties to founder Richard King. Hodgen holds a B.S. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Underbrink has been production, horses, wildlife management and recreation, and the production of a number of agricultural commodities 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. 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. 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. Fathom also ranked. Type of Private Board: Fiduciary Kingnow covers 825,000 acresmore land than the state of Rhode Island. 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. Yarborough to take control of King Ranch's oil and gas business. No Affliation. 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. Company Ownership: Employee-owned He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. 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. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Ward 4 Board Member. The publisher/president and his team send a written report one week before each meeting. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. The Company continues to expand its operations. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. in the United States. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. Immediate Past Chairman: Forrest DeBuys . Email: dshaw@directorsandboards.com. 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 . King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. All transactions of the District are included in the City's financial statements. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. Each committee is chaired by a different external director. 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. Annoying wild mustangs and donkeys were captured and shipped elsewhere. 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. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Dick Kleberg died in 1955. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. Type of Private Board: Fiduciary Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. The board focuses on strategic issues and selecting advisors with specific skill sets to help management. King and Kenedy also used their shipping enterprise to supply the Confederate army. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. The exact . Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. 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). He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. 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. He also began to cross his cowherd with Shorthorn and Hereford bulls, since the expansion of the railroad made the Longhorn's ability to walk long distances irrelevant. An independent Transition Committee of the board, consisting of the four independent directors, guided LDG through its transition from a 60% ESOP to a 100% ESOP in 2020 and selected the third CEO in the companys history. 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 . 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. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. 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. The ranch covered more than 600,000 acres by this time. 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. 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. work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last 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 point of contact for all inquiries relating to the search. Main address. He has also been an editor for the magazine The Horse since 2008. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy.