One by one, the problems of running a growing ranch were addressed. Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . For Immediate Release. Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. 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. Three Riverway, Suite 1600 Tio Kleberg continued to run the ranch's day-to-day operations. Two weeks ago two other . Beef was not the only thing King Ranch was able to breed successfully. 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. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. Land Resources Manager. Approximate Annual Company Revenues: $100 million-$350 million United States. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. By that time, King Ranch had grown to well more than 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. 267 were here. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. top of page. King Ranch operates extensive turfgrass operations and is the majority owner of one of the largest citrus producers 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. Is King Ranch a real ranch? Board of Directors - 2022. That keeps the actual meeting time focused on strategic discussions. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. Texas and Southwestern Cattle Raisers Association, To Honor and Protect the Ranching Way of Life. 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. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and production, horses, wildlife management and recreation, and the production of a number of agricultural commodities including cotton, milo, sugar cane, almonds and pistachios and various vegetables. Company Ownership: Employee-owned Each location will have a 25,000 square foot, HOUSTON August 9, 2021 The King Ranch, Inc., Board of Directors announced that Robert Hodgen will be the new President and Chief Executive Officer of the company effective today. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. 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. 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. Houston, TX 77056 As the 1990s opened, King Ranch faced a number of questions. 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. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has The awards honor the performance of the board as a whole. King Ranch. 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. Finally, in 1899, an artesian well was drilled. Three Riverway, Suite 1600 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. Schmidt 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. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. On-site handling of all carbon, solar, and other renewable business development projects . The merger--structured as a stock swap worth $53 million between King Ranch and St. Mary shareholders--included properties in the Gulf of Mexico and the onshore Gulf Coast. 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. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. 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. 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. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. 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 served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. These transplanted villagers went to work on the ranch. Agent Address. Dick Kleberg died in 1955. Who lives on King Ranch? According to a 2003 New York Times article, "The ruling could set an important precedent for questioning the legitimacy of land titles secured in Texas in the 19th century, especially for Hispanic families who contend that land grants dating to the Spanish empire were taken over by white settlers through fraudulent methods." Sep 25, 2011. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. more than 50,000 books and 120,000 other kinds of references. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. Fiduciary board awards were broken down by company revenues and ownership type. 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. Kleberg married King's daughter Alice the following year. PHILADELPHIA--(BUSINESS WIRE)--Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit June 9-11, live online. Since 1992 he has served on the board of King Ranch, Inc. and from October 1994 until May 1995, Mr. Clement acted as interim CEO of King Ranch, Inc. during its search for a full time CEO. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. 26, 2014. In the 1950s the company went international. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. Mr Duard King Tall Timber Ranch. Before joining King Ranch, Hodgen spent six years as [] The event was postponed in 2020 due to the COVID-19 pandemic. . 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. Jobs; . Email: dbivins@king-ranch.com, King Ranch Corporate Offices 0. i. 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. Company Ownership: Family-owned Company Ownership: Employee-owned In 1993, the company formed and acquired a 50 percent interest in Running W Citrus Limited Partnership, a subsidiary created to oversee 16,000 acres of Coca-Cola's Minute Maid Citrus Groves in South Florida. Board meetings include reviewing overdrafts and past-due loans. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. A complete timeline of King Ranch's History from founding to present including key milestones and major events. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Copyright 2023 King Ranch. "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. King Ranch celebrated its 150th anniversary in 2003. Type of Private Board: Advisory 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 . 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. Board of Directors data for 2020 *with the ability to download the data for 2019 During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. 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. Kleberg quickly became an indispensable part of the ranch's operation. King's Home Board of Directors. King and Kenedy also used their shipping enterprise to supply the Confederate army. Yarborough to take control of King Ranch's oil and gas business. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. He then bought the parcels and annexed them to the ranch. 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. Company Ownership: Family-owned On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. When Hunt told his board of directors at a meeting in Houston that he wanted to pay a consulting firm $500,000 to do a study assessing the King Ranch's environmental problems, Tio glared at him . The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. 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. 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. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. including cotton, milo, sugar cane, almonds and pistachios and various vegetables. Main address. 1946. When King died in 1885, he left his entire estate to his wife, Henrietta. the top of most pages, or via the "Related Topics" box in the sidebar. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. 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. The family is in its 7th generation, and we believe the time is right to proceed with 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. Smith's reign lasted only a year. 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. Youth at Risk; DYS; . James manages the ranch's horse operations and lives in a bungalow near . 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. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. Tio Kleberg King Ranch Board of Directors. Written by:Kristin HawkinsPublished on:August 10, 2021, Texas & Southwestern Cattle Raisers Association Special Ranger Mike Boone, District 23 in East , Continue Reading about Crime Watch: Horse stolen near Orange, Texas Smith, who last November was one of the first three outsiders to join the King Ranch board, will continue to direct Kimberly-Clark, a Dallas-based paper goods company. In 1867 King began using the Running W brand to mark his cattle. Beef was not the only thing King Ranch was able to breed successfully. 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. 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. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. In 1976 Clement hired W.B. 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 Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Specific information related to the desired use of the grant ii. The result was a new breed, which they dubbed "Santa Gertrudis." Kleberg married King's daughter Alice the following year. As consumers, we often take for granted all the hard work that goes into building a great company. In 1976 Clement hired W.B. King also began to buy and sell cattle in huge numbers. 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. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. Kingsville, TX 78364 | View on Google Maps. Clement Jr., is the chairman of the King Ranch board of directors. Mark and his wife Trudy and their family, proudly carry on the . To learn more, visit www.privatecompanydirector.com. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." ANTHONY A. SIMMONS, director. Term: 2018 - 2020. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. We are in the resource-management business. 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. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. When King died in 1885, he left his entire estate to his wife, Henrietta. To get the company back in the black, Kleberg turned to petroleum. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. Official Website: . January 14, 2021. 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. The awards were created to recognize private companies that go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. Growth has been aggressively pursued. King Ranch Feedyard. San Antonio, TX. 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. Immediate Past Chairman: Forrest DeBuys . Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. The publisher/president and his team send a written report one week before each meeting. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Angel served honorably in the U.S. Army and California Army National Guard . books that might be critical omissions. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. The City Council serves as the Board of Directors. Private Independent Foundations (T22) Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. Valor Ranch. Kleberg built fences to divide the sprawling ranch into more manageable units. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Members of the Cal Farley's board of directors volunteer their time, talents, leadership and prayers on behalf of the children and families whose lives Cal Farley's transforms every day. Stephen J. 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. 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. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. We accept mature and experienced students with ranch management experience, and teach them . 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. His buying trips frequently took him into Mexico. King and Kenedy also used their shipping enterprise to supply the Confederate army. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. expansion of the King Ranch Texas Kitchen restaurant concept. 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. And we all feel we have a lot of resources to manage.". Smith's reign lasted only a year. Environmental Systems Design Underbrink has been 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. Kleberg built fences to divide the sprawling ranch into more manageable units. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Is King Ranch a real 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. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. The King Ranch's board of directors unanimously promoted Houston's Robert J. Underbrink, 49, to president, CEO and a director of the diversified agribusiness company in Kingsville last week. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. 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. 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 . The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. 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. 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. Fathom also ranked. 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. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Both iterations of the board trained up the family members, who did not have governance backgrounds. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. 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. To get the company back in the black, Kleberg turned to petroleum. A copy of the . King Ranch is the largest ranch in the United States. 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. Cotton farming was another area into which the company plunged with a fair amount of success. I feel as if I have been preparing for this role my wholelife and look forward to applying the knowledge and experience Ive gained over my career to the many facets that make up the King Ranch.. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements.