These transplanted villagers went to work on the ranch. 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. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. 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. 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. . Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Approximate Annual Company Revenues: Under $100 million succession planning for this important role.. 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. 1946. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. King's Home Board of Directors. Source: International Directory of Company Histories, Vol.60. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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. Agent Address. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. Beef was not the only thing King Ranch was able to breed successfully. He has also been an editor for the magazine The Horse since 2008. 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. 1989. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices Annoying wild mustangs and donkeys were captured and shipped elsewhere. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. 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. 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. 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. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Submit a correction or make a comment about this profile. 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. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. 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. Internet Explorer presents a security risk. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Dick Kleberg died in 1955. Phone: 832-681-5701 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. Tio Kleberg commented on the company's diversification in a 1995 U.S. News & World Report: "We no longer see ourselves in the cattle business, as such. The Texas Wildlife Association selected Bryant as the Texas Outdoorsman of the Year (2016) and he was inducted into the Texas Conservation Hall of Fame with Tio Kleberg, sponsored by the Texas Parks and Wildlife Foundation (2017). Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. 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. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Email: dbivins@king-ranch.com, King Ranch Corporate Offices Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . 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. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. ANTHONY A. SIMMONS, director. A majority independent board with nine outside directors, four inside (including three founders). 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. 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. Willie Pakebusch. Hodgen also served on Amerra's board of . That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. 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. As the 1990s opened, King Ranch faced a number of questions. Hodgen holds a B.S. (832) 681-5700. 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. Image credit: Chas S Middleton & Son. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. 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. Sheila is active in CattleWomen's groups at the local, state . Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Board of Directors data for 2023 *with the ability to . Fiduciary board awards were broken down by company revenues and ownership type. Several new ways to generate revenue were found over the next few years. King also began to buy and sell cattle in huge numbers. Expansion and Innovation in the 1940s-50s. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). 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. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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. All transactions of the District are included in the City's financial statements. 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 Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Tio Kleberg continued to run the ranch's day-to-day operations. Private Independent Foundations (T22) the top of most pages, or via the "Related Topics" box in the sidebar. Kleberg married King's daughter Alice the following year. Approximate Annual Company Revenues: Under $100 million Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . Parts of King Ranch's property were opened not only to hunters, who pay nearly $3 million a year to shoot at deer, turkeys, and other animals, but to tourists as well. 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. A copy of the . 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. Houston, TX 77056 Board meetings include reviewing overdrafts and past-due loans. 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. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. King Ranch Feedyard. Contact: DeJuana Bivins 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. 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. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Underbrink has been . 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. Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. In 1988, seeing a need to diversify, the family hired Darwin E . 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. The GO debt and the O&M is . A complete timeline of King Ranch's History from founding to present including key milestones and major events. President, CEO and a member of the board for 10 years, and an employee for 36 years. We accept mature and experienced students with ranch management experience, and teach them . 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. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 10 years.. Kleberg quickly became an indispensable part of the ranch's operation. A replay of the awards presentation is available here: https://vimeo.com/561269813. Approximate Annual Company Revenues: Under $100 million PO Box 1418. From 1979 to 1988 he managed the South Texas Agricultural operations. Committees do a lot of detail work, saving board meetings for more strategic topics. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Liked by Terry King. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. Environmental Systems Design 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. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. "It's a great organization, with a lot of Texas heritage to it and a great culture. 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. Six-member board today: five independent directors plus CEO. 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. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Copyright 2023 King Ranch. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. Yarborough to take control of King Ranch's oil and gas business. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. 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. James manages the ranch's horse operations and lives in a bungalow near . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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,". Dick Kleberg died in 1955. Finally, we can read about how these great companies came about with Company Histories.. Copyright 2023 King Ranch. Rodney serves on the Board of Directors for the Kings Water Alliance, Central Valley Dairy Representative Monitoring Program, and the California Dairy Environmental Justice Fund. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Its been a journey of a lifetime, Underbrink said. Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. 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. Ruling year info. Clement Jr., is the chairman of the King Ranch board of directors. 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. "I was surprised when I got a call, and honored," King said Friday. 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. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. When King died in 1885, he left his entire estate to his wife, Henrietta. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. 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. 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 During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Type of Private Board: Fiduciary The company represents a colorful part of Texas history. Dick Kleberg died in 1955. For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . King also began to buy and sell cattle in huge numbers. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. 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.. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. January 14, 2021. Several new ways to generate revenue were found over the next few years. Morocco and Spain soon followed as well. 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. 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. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. Along the way, the ranch's selective breeding efforts intensified. Beef was not the only thing King Ranch was able to breed successfully. 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. Mark and his wife Trudy and their family, proudly carry on the . Published Jul. . In 1867 King began using the Running W brand to mark his cattle. Other businesses in which King Ranch is involved include residential real estate and a smattering of retail and commercial ventures near its Texas home turf. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. King and Kenedy also used their shipping enterprise to supply the Confederate army. David Shaw, Publishing Director On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Modern game management and preservation systems were also set up. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Stephen J. Kleberg built fences to divide the sprawling ranch into more manageable units. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Kingsville, TX 78364 United States. King Ranch celebrated its 150th anniversary in 2003. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. Submit a correction or make a comment about this profile. 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 negotiated a long-term lease for oil and gas rights on the entire ranch with Humble Oil and Refining Company, which later became Exxon. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Dr. Espy has a solid resume of experiences and service to the veterinary profession . 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. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." The board focuses on strategic issues and selecting advisors with specific skill sets to help management. Growth has been aggressively pursued. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. He serves as a board member of the Texas State Historical . Ward 4 Board Member. 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. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. King Ranch. Underbrink has been. Mr Duard King Tall Timber Ranch. The chair (family) and CEO (currently non-family) roles are split and have been for many years. 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. The company is transforming itself into a holding company with the newspaper at the center. 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 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.