Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. 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. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. 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 Fence Task Force will address fencing inconsistencies and appearance on Ken-Caryl Ranch and develop recommendations for improvements to community perimeter fencing that borders major roads, greenbelts, open space, and other areas as needed. Who lives on King Ranch? Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Two of five independent directors are women, including the chair. Principal Competitors: AzTx Cattle Company; Cactus Feeders Inc.; Lykes Bros. Inc. 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. 267 were here. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. Corporate management at the ranch predated Jack Hunt. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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 descendants claimed that Robert Kleberg had worked for both Richard King and Chapman's widow during a land settlement issue, creating a distinct conflict of interest. All board members also participate in the ESOP communications and administration committee. Copyright 2023 King Ranch. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. 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. 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. Robert J. Underbrink. Approximate Annual Company Revenues: Under $100 million Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. Sep 25, 2011. 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. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. The company eventually established a presence in Brazil, Argentina, and Venezuela, where the techniques developed to clear mesquite brush in Texas could be used on South American rain forest. The 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. 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. In the 1950s the company went international. Kingsville, TX 78364 | View on Google Maps. Two weeks ago two other . Type of Private Board: Fiduciary Wyoming 2015 King Ranch Cheyenne, WY Leopold Conservation Award Recipient. (832) 681-5700. learn how over 7,000 companies got started! King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Its employees 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. 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. 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. Stephen J. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing 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. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . In 1969, he received a B. S. in Animal Science at Texas Tech University. 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. Governance highlights include: Daily Gazette of Schenectady (Some members of management team are also on committees.). Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, agent. NTEE code info. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. 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. . 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. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . 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). A majority independent board with nine outside directors, four inside (including three founders). With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. 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. Six-member board today: five independent directors plus CEO. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Copyright 2023 King Ranch. Governance highlights include: Commerce State Bank 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. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. Kingsville, Texas, 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. His buying trips frequently took him into Mexico. Tio Kleberg continued to run the ranch's day-to-day operations. On-site handling of all carbon, solar, and other renewable business development projects . Board of Directors data for 2023 *with the ability to . Benjamin Espy, DVM, DACT. Tio graduated from Texas Military Institute in 1964. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. He has also been an editor for the magazine The Horse since 2008. The King Ranch itself 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. Type of Private Board: Fiduciary Specific information related to the desired use of the grant ii. Mr Duard King Tall Timber Ranch. Type of Private Board: Fiduciary Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." COMPANY. Houston, TX 77056 Dick Kleberg died in 1955. 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. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. The century-old King Ranch sits just outside of Cheyenne. King Ranch celebrated its 150th anniversary in 2003. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. As the 1990s opened, King Ranch faced a number of questions. Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. King Ranch operates extensive turfgrass operations and is the majority owner of one of the largest citrus producers Approximate Annual Company Revenues: $100 million-$350 million 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). Company Ownership: Employee-owned He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. King also began to buy and sell cattle in huge numbers. Dennis Waespi was elected to the Board of Directors in November 2014. Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. King Ranch is the largest ranch in the United States. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. 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. Over the course of the previous decade, the company had successfully overcome falling demand for beef by diversifying into new growth areas and selling off its international properties in order to focus on its domestic operations. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. Three Riverway, Suite 1600 The publisher/president and his team send a written report one week before each meeting. In 1988, seeing a need to diversify, the family hired Darwin E . 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. 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. Type of Private Board: Advisory A copy of the . 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. 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. 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. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. The ranch covered more than 600,000 acres by this time. Henrietta King died in 1925, at the age of 92. 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. It is mainly a cattle ranch, but also produced the Triple Crown winning . 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. Expansion and Innovation in the 1940s-50s. 1989. King split his time between his two businesses, steamboating and ranching, during this period. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. Before joining King Ranch, Hodgen spent six . 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.
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