As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. Dick Kleberg, Jr., died in 1979, and soon after that his son, Stephen "Tio" Kleberg, took over management of King Ranch South Texas, the company's core ranch operation. i. Please feel free to suggest Approximate Annual Company Revenues: $350 million-$1 billion Board of Directors - 2022. Regardless of its future path, the King Ranch name and its Running W brand would surely continue as one of the most widely recognized identities in the industry. Stephen J. "Tio" Kleberg - Phi Delta Theta Fraternity Before joining King Ranch, Hodgen spent six . 10 years.. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. Stephen J. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . Contact: DeJuana Bivins Board of Directors - Our Sunnymead Ranch The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Along the way, the ranch's selective breeding efforts intensified. He has also been an editor for the magazine The Horse since 2008. As the 1990s opened, King Ranch faced a number of questions. Official Website: . 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. Board Certified Equine Reproduction. Tio Kleberg King Ranch Board of Directors. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. NTEE code info. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. His buying trips frequently took him into Mexico. King split his time between his two businesses, steamboating and ranching, during this period. 0. 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. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. King Ranch names Robert Hodgen new CEO - Texas and Southwestern Cattle He serves on the boards of King Ranch, Inc.; Chairman of the Management . Henrietta King died in 1925, at the age of 92. 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. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Houston, TX 77056 For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. 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 series of Pacific low pressure and frontal systems moved across the , Continue Reading about U.S. drought monitor and summary report for Feb. 28. the point of contact for all inquiries relating to the search. 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. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. (832) 681-5700. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. Liked by Terry King. 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. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. 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. Directors / Officers. 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 Feedyard - Texas Cattle Feeders Association 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. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. Robert J. Underbrink | President/CEO, King Ranch, Inc. 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. An independent Transition Committee of the board, consisting of the four independent directors, guided LDG through its transition from a 60% ESOP to a 100% ESOP in 2020 and selected the third CEO in the companys history. 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. 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. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . King also began to buy and sell cattle in huge numbers. All rights reserved. Chairman: Kevin Borie. Where is the largest cattle farm in the United States? 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. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Richard King born 1825-07-10 in Orange County, New York - 1885 (Ranch Owner) Henrietta Maria King born 1856-04-17 in Brownsville, Cameron, Texas, USA - 1917. The chairman considers the performance of each member prior to their term renewal. Kingnow covers 825,000 acresmore land than the state of Rhode Island. 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. . Cowboys Working in the Laureles Division - King Ranch Saddle Shop. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. Fiduciary board awards were broken down by company revenues and ownership type. The King's Palace - Texas Monthly TSHA | King Ranch - Handbook of Texas King Ranch. Two weeks ago two other . "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. 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. (Some members of management team are also on committees.). This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. From its beginnings in the mid-nineteenth 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. 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. Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. 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. 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. 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. 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 1976 Clement hired W.B. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Cal Farley's Boys Ranch - GuideStar Profile Prior to AMERRA, he served as senior vice president of J.D. 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. 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. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. Approximate Annual Company Revenues: Under $100 million 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. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. The King Ranch Legacy - King Ranch Another turnover in management took place in 1995. Sheila is active in CattleWomen's groups at the local, state . The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. In 1976 Clement hired W.B. Type of Private Board: Fiduciary This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Three Riverway, Suite 1600 In 1867 King began using the Running W brand to mark his cattle. 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. 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. 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. When King died in 1885, he left his entire estate to his wife, Henrietta. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. San Antonio, TX. 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. DeJuana Bivins King and Kenedy also used their shipping enterprise to supply the Confederate army. 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. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. 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. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. The company is transforming itself into a holding company with the newspaper at the center. (832) 681-5700. Annoying wild mustangs and donkeys were captured and shipped elsewhere. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. Type of Private Board: Fiduciary Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Recent News Archives - 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. All rights reserved. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. The City Council serves as the Board of Directors. A replay of the awards presentation is available here: https://vimeo.com/561269813. Tio Kleberg | East Foundation 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. Is King Ranch a real ranch? production, horses, wildlife management and recreation, and the production of a number of agricultural commodities Prior to AMERRA, he served as Senior Vice President of J.D. Underbrink to step down as King Ranch CEO | News | kingsvillerecord.com 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. 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 . Three Riverway, Suite 1600 Official Website:http://www.king-ranch.com/, Do you know something we don't? King split his time between his two businesses, steamboating and ranching, during this period. 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. Copyright 2023 King Ranch. Chance completed a project focusing on Key Performance Indicators that management and the board of directors can use to determine the ranch's profitability and productivity, while also . During the first 15 years of the 20th century, King Ranch managed once again to thrive in the face of further droughts, wars with Mexican raiders, and Kleberg's failing health. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. 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. King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Type of Private Board: Advisory This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. In 1867 King began using the Running W brand to mark his cattle. "Tio" Kleberg is a member of the King Ranch Board of Directors and a member of the legendary King Ranch family. King Ranch Descendants Named to List of Biggest Landowners in U.S. 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. EIN. King Ranch is the largest ranch in the United States. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Clement Jr., is the chairman of the King Ranch board of directors. 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. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices Smith's reign lasted only a year. 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. King Ranch names Robert Hodgen as the new CEO 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. A copy of the . 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 Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 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. Governance highlights include: Commerce State Bank In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. The ranch covered more than 600,000 acres by this time. Growth has been aggressively pursued. Governance highlights include: Larsen Design Group Inc. Cotton farming was another area into which the company plunged with a fair amount of success. 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. Its employees Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. Underbrink has been. As the 1990s opened, King Ranch faced a number of questions. 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). Kleberg married King's daughter Alice the following year. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. 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. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. 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. The exact . Benjamin Espy, DVM, DACT. Copyright 2023 King Ranch. 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. In 1998, the company merged its Running W Citrus operations with Collier Enterprises to form Consolidated Citrus Limited Partnership. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. 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. King Ranch, Inc. - Company Profile, Information, Business Description From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. books that might be critical omissions. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. 1946. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. And we all feel we have a lot of resources to manage.". The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Type of Private Board: Fiduciary Ella King born 1858-04-13 in Brownsville Ward 2, Cameron, Texas. To get the company back in the black, Kleberg turned to petroleum. The publisher/president and his team send a written report one week before each meeting. King Ranch's storied history: from cattle rearing to luxury hunting Annoying wild mustangs and donkeys were captured and shipped elsewhere. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. top of page. All rights reserved. Houston, TX 77056 By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Beef was not the only thing King Ranch was able to breed successfully. Governance highlights include: Daily Gazette of Schenectady Committees do a lot of detail work, saving board meetings for more strategic topics. 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. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. STEVE CHILDERS v. KING RANCH, INC. AND JACK HUNT--Appeal from 105th These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Cheney Shoots Fellow Hunter in Mishap on a Texas Ranch All board members also participate in the ESOP communications and administration committee. Board of Directors The Forgotten Children's Fund James manages the ranch's horse operations and lives in a bungalow near . 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. Jobs; . Dennis Waespi was elected to the Board of Directors in November 2014. Texasmonthly.com: The King's Palace To learn more, visit www.privatecompanydirector.com. 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. Copyright 2023 King Ranch. 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.