Underbrink has been. Captain King started up his ranch in 1853 in an area known at the time as the Wild Horse Desert or the Nueces Strip, bounded by the Nueces River on the north and the Rio Grande on the south. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. 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. 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. 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. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Clement Jr., is the chairman of the King Ranch board of directors. Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. In the 1950s the company went international. King Ranch Descendants Named to List of Biggest Landowners in U.S. Along the way, the ranch's selective breeding efforts intensified. King Ranch. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. 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. 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. 310 East Wildwood. King Ranch's storied history: from cattle rearing to luxury hunting Responsible for overall supervision and control of all functions of Valor Ranch. King also began to buy and sell cattle in huge numbers. 210.861.4765. benespy@icloud.com. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Dick Kleberg died in 1955. Phone: 832-681-5701 The GO debt and the O&M is . To learn more, visit www.privatecompanydirector.com. 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. King Ranch. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. NRM grad, professor Bryant receives TTU Distinguished Alumni Award He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. In 1988, seeing a need to diversify, the family hired Darwin E . He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. Hodgen holds a B.S. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. 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. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 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. BUSINESS PEOPLE; King Ranch Appoints An Outsider Chairman 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. Governance highlights include: Larsen Design Group Inc. Underbrink has been . The company is transforming itself into a holding company with the newspaper at the center. The board focuses on strategic issues and selecting advisors with specific skill sets to help management. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. Board Certified Equine Reproduction. A list of current Board of Directors iii. 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 King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". The board works hard to know and understand their customers. Phone: 832-681-5701 On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Company Ownership: Family-owned 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. Texas and Southwestern Cattle Raisers Association, To Honor and Protect the Ranching Way of Life. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. 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. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . Governance highlights include: Daily Gazette of Schenectady (832) 681-5700. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The event was postponed in 2020 due to the COVID-19 pandemic. 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. A replay of the awards presentation is available here: https://vimeo.com/561269813. For Immediate Release. Beef was not the only thing King Ranch was able to breed successfully. King Ranch Board of Directors to Begin CEO Search . Approximate Annual Company Revenues: $350 million-$1 billion 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. Finally, in 1899, an artesian well was drilled. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. As the 1990s opened, King Ranch faced a number of questions. The result was a new breed, which they dubbed "Santa Gertrudis." 0. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. 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. Underbrink has been Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). Jobs; . 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. Modern game management and preservation systems were also set up. United States. I was just honored to be considered for the board. Where is the largest cattle farm in the United States? Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. 2021 Private Boards of the Year Award Winners Announced by MLR Media During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Copyright 2023 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." 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. TALL TIMBER RANCH - GuideStar Profile Texasmonthly.com: The King's Palace Detailed process for selecting family members for board service, beginning with board observer roles, then submission of a resume, statement of why they wish to join the board, an oral statement and a four-hour interview, with an outside third party assisting. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. They may be accessed by the "Bibliography" tab at Captain King started up his ranch in 1853 in an area known at the time as the Wild Horse Desert or the Nueces Strip, bounded by the Nueces River on the north and the Rio Grande on the south. 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.. 4 years ago. Spade Ranch | Ellsworth NE - Facebook Expansion and Innovation in the 1940s-50s. 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. King Ranch, Inc. :: Texas (US) :: OpenCorporates Company Ownership: Family-owned Modern game management and preservation systems were also set up. Dennis Waespi was elected to the Board of Directors in November 2014. 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. succession planning for this important role.. Ward 4 Board Member. Governance highlights include: Commerce State Bank 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. 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. East Foundation Sprawled across 1,300 square miles of Texas hills, desert and coastal prairies, King Ranch is among the top hunting destinations in North America, and one of the Lone Star . 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. The awards honor the performance of the board as a whole. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Best practices taken from public boards: a first-ever corporate sustainability report, a targeted DEI initiative, quarterly board meetings with separate executive session, board agendas focused on strategy and global issues rather than operational updates, focus on ESG, board members serve set terms, allowing for ongoing board refresh. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. As consumers, we often take for granted all the hard work that goes into building a great company. Email: dbivins@king-ranch.com, King Ranch Corporate Offices In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. Cal Farley's Boys Ranch - GuideStar Profile Principal Subsidiaries: King Ranch Holdings, Inc.; King Ranch Properties, Inc.; King Ranch do Brasil S.A. (Brazil); Big B Sugar Corp.; King Ranch Saddle Shop, Inc.; King Ranch Oil and Gas, Inc.; King Ranch Power Corp.; Kingsville Lumber Company; Robstown Hardware Company; Kingsville Publishing Company. All transactions of the District are included in the City's financial statements. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. Kleberg married King's daughter Alice the following year. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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. 1989. When King died in 1885, he left his entire estate to his wife, Henrietta. He will continue to serve as an advisor to the Company on various matters. Yarborough to take control of King Ranch's oil and gas business. That keeps the actual meeting time focused on strategic discussions. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: A copy of the . King Ranch is the largest ranch in the United States. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. As we move ahead, we will Both iterations of the board trained up the family members, who did not have governance backgrounds. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Approximate Annual Company Revenues: $100 million-$350 million (832) 681-5700. King also began to buy and sell cattle in huge numbers. Email: dshaw@directorsandboards.com. Fathom also ranked. Three Riverway, Suite 1600 During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. 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. 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. 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. Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . 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. A majority independent board with nine outside directors, four inside (including three founders). 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. Governance highlights include: King Ranch As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. All rights reserved. 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. (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. 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. 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 . work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last King Ranch Feedyard. Governance highlights include: C.G. Stephen J. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Recent News Archives - King Ranch 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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, 45, brings nearly 25 years of executive leadership and, KINGSVILLE, July. King Ranch Inc | Encyclopedia.com The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. However, the City has no liability for the debt. DeJuana Bivins In the September 25, 2001 agreement, appellant agreed and stipulated to extend the October 19, 2001 . 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. the top of most pages, or via the "Related Topics" box in the sidebar. 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. Another turnover in management took place in 1995. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Governance highlights include: Ulteig Engineers Inc. Submit a correction or make a comment about this profile. All rights reserved. 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.