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. In the 1950s the company went international. 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. King Ranch celebrated its 150th anniversary in 2003. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. Along the way, the ranch's selective breeding efforts intensified. 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. 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. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. He then bought the parcels and annexed them to the ranch. 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. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. 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. 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. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. Kleberg married King's daughter Alice the following year. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. We see them around but we don't know what goes on behind the scenes. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. 210.861.4765. benespy@icloud.com. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. King's Home Board of Directors. I was just honored to be considered for the board. Specific information related to the desired use of the grant ii. 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. 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. Ruling year info. 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. These transplanted villagers went to work on the ranch. 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. 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved. He is a founding board member of The Texas Agricultural Land Trust, Texan by Nature, and served on the East Foundation's Professional Advisors Group. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. 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.. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. Type of Private Board: Fiduciary 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. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Company Ownership: Family-owned Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. succession planning for this important role.. The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. ANTHONY A. SIMMONS, director. Dozens of private boards of directors were nominated for the 2021 Private Boards of the Year award, but seven stood out for their diligence, standards and outcomes. That keeps the actual meeting time focused on strategic discussions. 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. Type of Private Board: Fiduciary He then bought the parcels and annexed them to the ranch. Term: 2018 - 2020. 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. 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. As part of its strategy to build profit in its agriculture business, the newly created firm acquired the Turner Foods groves from Florida Power & Light. 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. Fathom also ranked. Directors / Officers. Kingsville, Texas. Mark and his wife Trudy and their family, proudly carry on the . 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. He has also been an editor for the magazine The Horse since 2008. 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. King Ranch. Youth at Risk; DYS; . Ella King born 1858-04-13 in Brownsville Ward 2, Cameron, Texas. Another turnover in management took place in 1995. Copyright (c) 2022 Company-Histories.com. 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. 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. 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. King Ranch. 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. No Affliation. 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. Morocco and Spain soon followed as well. Henrietta King died in 1925, at the age of 92. 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. 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. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. The suit claimed that Kleberg deceived Chapman's widow, defrauding her out of control of the Rincon de Santa Gertrudis, a parcel of land equal to approximately 7,500 acres. 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. Board of Directors - 2022. Stephen J. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. All rights reserved. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. Underbrink has been . The company is transforming itself into a holding company with the newspaper at the center. CEO Robert Hodgen. Another turnover in management took place in 1995. When King died in 1885, he left his entire estate to his wife, Henrietta. Expansion and Innovation in the 1940s-50s. And we all feel we have a lot of resources to manage.". 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,". Two of five independent directors are women, including the chair. Dr. Espy has a solid resume of experiences and service to the veterinary profession . including cotton, milo, sugar cane, almonds and pistachios and various vegetables. In 1867 King began using the Running W brand to mark his cattle. 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. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . Modern game management and preservation systems were also set up. 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. Willie Pakebusch. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Company Ownership: Family-owned 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 chairman considers the performance of each member prior to their term renewal. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. King's Home Board of Directors. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Source: International Directory of Company Histories, Vol.60. 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. Tio Kleberg King Ranch Board of Directors. Image credit: Chas S Middleton & Son. Growth has been aggressively pursued. 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 . Mr Duard King Tall Timber Ranch. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. 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 descendants claimed that Robert Kleberg had worked for both Richard King and Chapman's widow during a land settlement issue, creating a distinct conflict of interest. Although King Ranch management maintained that the suit had no merit, its legitimacy was upheld in appellate courts and went under review of the Texas Supreme Court. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. Copyright 2023 King Ranch. Company Ownership: Family-owned A series of Pacific low pressure and frontal systems moved across the , Continue Reading about U.S. drought monitor and summary report for Feb. 28. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. 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. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. top of page. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. Kleberg built fences to divide the sprawling ranch into more manageable units. Type of Private Board: Fiduciary 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. Board Certified Equine Reproduction. In the 1950s the company went international. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. PO Box 1418. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. 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). Contact: 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). Several new ways to generate revenue were found over the next few years. 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. The company represents a colorful part of Texas history. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 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 rights reserved. From historic hunting trips to the Crown Jewel of the property, the "17-bedroom, 37,000-square-foot Mediterranean-style mansion, the land maintains its reputation by still running profitable ranch-like adventures, from cattle operations to citrus . Kingsville, TX 78364 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. King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. 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 . Hodgen holds a B.S. Company Ownership: Employee-owned 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. Beef was not the only thing King Ranch was able to breed successfully. Committees do a lot of detail work, saving board meetings for more strategic topics. President, CEO and a member of the board for 10 years, and an employee for 36 . January 14, 2021. King split his time between his two businesses, steamboating and ranching, during this period. King Ranch is the largest ranch in the United States. 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. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. Phone: 301.529.9808 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 King Ranch, Inc., Board of Directors announced that Robert Hodgen will be the new President and Chief Executive Officer of the company effective today. Kleberg quickly became an indispensable part of the ranch's operation. Main address. In 1976 Clement hired W.B. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. 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). 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. 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. Finally, in 1899, an artesian well was drilled. The Private Company Governance Summit now in its ninth year, is the only national conference focused on the unique governance challenges for owners, shareholders, directors and advisory board members of closely held, family-owned and private equity-owned companies. Is King Ranch a real ranch? For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. 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. Three Riverway, Suite 1600 That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. 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. EIN. . Jeannie has been a board member of the Aspen Education Foundation since moving to Aspen six years ago. Corporate management at the ranch predated Jack Hunt. Underbrink has been. Yarborough to take control of King Ranch's oil and gas business. 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. . The event was postponed in 2020 due to the COVID-19 pandemic. Governance highlights include: King Ranch Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. "I was surprised when I got a call, and honored," King said Friday. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 Approximate Annual Company Revenues: $350 million-$1 billion Angel served honorably in the U.S. Army and California Army National Guard . Jul 2020 - Present2 years 9 months. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. He will continue to serve as an advisor to the Company on various matters. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Tio Kleberg continued to run the ranch's day-to-day operations. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Houston, TX 77056 It is mainly a cattle ranch, but also produced the Triple Crown winning . Yarborough to take control of King Ranch's oil and gas business. Type of Private Board: Fiduciary Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Ward 4 Board Member. 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. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. Governance highlights include: Larsen Design Group Inc. Henrietta King died in 1925, at the age of 92. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. (832) 681-5700. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. Copyright 2023 King Ranch. 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. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. Liked by Terry King. 1946. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. The awards honor the performance of the board as a whole. 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. Governance highlights include: Ulteig Engineers Inc. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. 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 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. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. A list of current Board of Directors iii.
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