That keeps the actual meeting time focused on strategic discussions. Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. 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 Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . We are in the resource-management business. Internet Explorer presents a security risk. The chairman considers the performance of each member prior to their term renewal. 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. (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. Robert has been a highly capable CEO, who helped the Company diversify and However, the City has no liability for the debt. 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. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the United States Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. King split his time between his two businesses, steamboating and ranching, during this period. Three Riverway, Suite 1600 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. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. Two weeks ago two other . 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. Board is a leader in local involvement, supporting the company in community philanthropy. 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. All transactions of the District are included in the City's financial statements. King also began to buy and sell cattle in huge numbers. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Finally, we can read about how these great companies came about with Company Histories.. 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. Services. Environmental Systems Design 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. Approximate Annual Company Revenues: Under $100 million 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. 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. Yarborough to take control of King Ranch's oil and gas business. His buying trips frequently took him into Mexico. Governance highlights include: Daily Gazette of Schenectady 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. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. 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. the point of contact for all inquiries relating to the search. 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. He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. 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. 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. 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. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Principal Competitors: AzTx Cattle Company; Cactus Feeders Inc.; Lykes Bros. Inc. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. 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. 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. 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. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Visit Site. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. . The ranch covered more than 600,000 acres by this time. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. succession planning for this important role.. 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.. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Richard Jr. King born 1860-12-15 in King's Ranch, Texas - 1922. King's Home Board of Directors. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. Before joining King Ranch, Hodgen spent six years as [] Kingnow covers 825,000 acresmore land than the state of Rhode Island. Published Jul. On-site handling of all carbon, solar, and other renewable business development projects . In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. 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. Between 1869 and 1884, more than 100,000 head of cattle from King Ranch made the trip. The King Ranch name and its Running W brand, first used by Captain King 1869 when he became a sole proprietor, continue as one of the most widely recognized identities in the industry. Underbrink has been The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. Houston, TX 77056 Kleberg quickly became an indispensable part of the ranch's operation. 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. 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. Type of Private Board: Fiduciary The family is in its 7th generation, and we believe the time is right to proceed with Board of Directors data for 2021 *with the ability to download the data for 2019, 2018, 2017, 2016, 2015 Download it now for $125. 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. 1989. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. A replay of the awards presentation is available here: https://vimeo.com/561269813. COMPANY. Finally, in 1899, an artesian well was drilled. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". 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 . Type of Private Board: Fiduciary 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. Email: dbivins@king-ranch.com, King Ranch Corporate Offices San Antonio, TX. Source: International Directory of Company Histories, Vol.60. 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. . King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. As consumers, we often take for granted all the hard work that goes into building a great company. He serves as a board member of the Texas State Historical . As the 1990s opened, King Ranch faced a number of questions. Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. PO Box 1090. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Responsible for overall supervision and control of all functions of Valor Ranch. 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,". Tio Kleberg continued to run the ranch's day-to-day operations. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. No Affliation. 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. 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 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. 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 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. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Kleberg built fences to divide the sprawling ranch into more manageable units. Official Website:http://www.king-ranch.com/, Do you know something we don't? Prior to AMERRA, he served as senior vice president of J.D. 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 company entered the new millennium preparing to celebrate its 150th anniversary in 2003. Dennis Waespi was elected to the Board of Directors in November 2014. 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. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Stephen J. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. Email: dshaw@directorsandboards.com. Copyright (c) 2022 Company-Histories.com. 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. Dick Started as a volunteer for the Forgotten Children's fund in the 1970's, became a member of the Board of Trustees in the mid 1980's, and has volunteered regularly over the years at the Forgotten Children's M-Bar-C Ranch on Whidbey Island. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. He has also been an editor for the magazine The Horse since 2008. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. 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). (832) 681-5700. The GO debt and the O&M is . To get the company back in the black, Kleberg turned to petroleum. 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. Morocco and Spain soon followed as well. We see them around but we don't know what goes on behind the scenes. The publisher/president and his team send a written report one week before each meeting. A copy of the . Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. Private Independent Foundations (T22) King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. 267 were here. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. 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. Contact: DeJuana Bivins are its most important asset. 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. Committees do a lot of detail work, saving board meetings for more strategic topics. 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). Over the course of over 160 years, King Ranch led some of the first cattle drives, developed the Santa Gertrudis and Santa Cruz breeds of cattle, bred the finest Quarter Horses, and produced champion Thoroughbredsall under its iconic Running W brand. The chair (family) and CEO (currently non-family) roles are split and have been for many years. Kleberg married King's daughter Alice the following year. Main address. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. Dick Kleberg died in 1955. expansion of the King Ranch Texas Kitchen restaurant concept. 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. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. It is mainly a cattle ranch, but also produced the Triple Crown winning . 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. Beginning of the Kleberg Family Reign in the 1880s. Kingsville, Texas, United States. Along the way, the ranch's selective breeding efforts intensified. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. 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. Governance highlights include: King Ranch They may be accessed by the "Bibliography" tab at 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. King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. Hodgen also served on Amerra's board of . Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Agent Address. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Mr Duard King Tall Timber Ranch. Finally, in 1899, an artesian well was drilled. Another turnover in management took place in 1995. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. 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. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. 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. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership Cotton farming was another area into which the company plunged with a fair amount of success. January 14, 2021. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. 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. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. 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. Beef was not the only thing King Ranch was able to breed successfully. The company represents a colorful part of Texas history. Growth has been aggressively pursued. Image credit: Chas S Middleton & Son. (832) 681-5700. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Company Ownership: Closely Held 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. King Ranch. Board Certified Equine Reproduction. Committees: Governance Plus (the plus refers to business succession), Finance/Audit, Risk/Cyber/Safety, Business Investment and Diversification. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . When King died in 1885, he left his entire estate to his wife, Henrietta. 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. Dick Kleberg died in 1955.
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