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. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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 Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Copyright 2023 King Ranch. 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. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. Beef was not the only thing King Ranch was able to breed successfully. 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. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and production, horses, wildlife management and recreation, and the production of a number of agricultural commodities including cotton, milo, sugar cane, almonds and pistachios and various vegetables. All rights reserved. 1946. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. PO Box 1418. Mark and his wife Trudy and their family, proudly carry on the . As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. 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 result was a new breed, which they dubbed "Santa Gertrudis." King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. Modern game management and preservation systems were also set up. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. King Ranch is the largest ranch in the United States. Kleberg quickly became an indispensable part of the ranch's operation. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. (832) 681-5700. A copy of the . Is King Ranch a real ranch? One by one, the problems of running a growing ranch were addressed. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. King Ranch Board of Directors to Begin CEO Search. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. the point of contact for all inquiries relating to the search. Image credit: Chas S Middleton & Son. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. 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. 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 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. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. 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. For Immediate Release. The company represents a colorful part of Texas history. From 1979 to 1988 he managed the South Texas Agricultural operations. 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. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. The ranch covered more than 600,000 acres by this time. 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. 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 Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. As consumers, we often take for granted all the hard work that goes into building a great company. 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. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Expansion and Innovation in the 1940s-50s. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. Type of Private Board: Fiduciary A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. As income from both cattle and petroleum operations declined, the company was forced to look for other business areas in which to try its hand. 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.. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. 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. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. The chair (family) and CEO (currently non-family) roles are split and have been for many years. The 50,000-acre ranch, which features Spanish-style cottages and usually has a full working staff, was settled in 1882 by a Texas Ranger named John Armstrong III, who passed the land on to the family. The company is transforming itself into a holding company with the newspaper at the center. 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. In 1969, he received a B. S. in Animal Science at Texas Tech University. King Ranch operates extensive turfgrass operations and is the majority owner of one of the largest citrus producers 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. 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. 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. . 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. 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. Prior to AMERRA, he served as senior vice president of J.D. Source: International Directory of Company Histories, Vol.60. 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. James manages the ranch's horse operations and lives in a bungalow near . Governance highlights include: King Ranch Prior to AMERRA, he served as Senior Vice President of J.D. 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. Main address. King Ranch. King split his time between his two businesses, steamboating and ranching, during this period. Submit a correction or make a comment about this profile. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. Governance highlights include: Commerce State Bank All transactions of the District are included in the City's financial statements. 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." Copyright 2023 King Ranch. Along the way, the ranch's selective breeding efforts intensified. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. The century-old King Ranch sits just outside of Cheyenne. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. Hodgen holds a B.S. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. i. Cal Farley's is a nonprofit 501(c)(3) corporation organized under the laws of the State of Texas. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 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. 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. 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. Type of Private Board: Fiduciary Governance highlights include: Ulteig Engineers Inc. Two of five independent directors are women, including the chair. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. Clement Jr., is the chairman of the King Ranch board of directors. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. (832) 681-5700. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. The family is in its 7th generation, and we believe the time is right to proceed with 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). Finally, in 1899, an artesian well was drilled. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 74-6044809. Specific information related to the desired use of the grant ii. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . . These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. Smith's reign lasted only a year. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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. Committees do a lot of detail work, saving board meetings for more strategic topics. Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. Two weeks ago two other . David Shaw, Publishing Director 0. Board has advised management on issues including strategic planning, risk management, organizational design to show employees they have a path for growth and development within the firm, which areas of growth to invest in, DEI, COVID pandemic response. Type of Private Board: Advisory 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 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. The Company continues to expand its operations. 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). King's Home Board of Directors. Kleberg married King's daughter Alice the following year. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Chartered as a Texas non-profit corporation in 1969, the Association's stated purpose was to preserve the physical, social and cultural aspects of ranching and to perpetuate the traditions intrinsic values and history of one of our nation's most important industries. Alexander will be Both iterations of the board trained up the family members, who did not have governance backgrounds. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices Hodgen also served on Amerra's board of . Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. "It's a great organization, with a lot of Texas heritage to it and a great culture. 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. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. 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 bank was able to pivot in the face of COVID-19 to work-from-home arrangements and, most impressively, to drive-thru mortgage closings. 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. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch have expressed a commitment to the kind of experimentation and innovation that have helped the company thrive for so many years. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Cotton farming was another area into which the company plunged with a fair amount of success. To learn more, visit www.privatecompanydirector.com. Beginning of the Kleberg Family Reign in the 1880s. 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. Cotton farming was another area into which the company plunged with a fair amount of success. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. 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. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. Governance highlights include: Daily Gazette of Schenectady Morocco and Spain soon followed as well. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. 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. Board of Directors - 2022. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) When King died in 1885, he left his entire estate to his wife, Henrietta. ANTHONY A. SIMMONS, director. 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. 310 East Wildwood. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. 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. 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. Phone: 832-681-5701 Schmidt After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. Kleberg built fences to divide the sprawling ranch into more manageable units. King Ranch. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. In the 1950s the company went international. Company Ownership: Closely Held Finally, we can read about how these great companies came about with Company Histories.. 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. DeJuana Bivins By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. (Some members of management team are also on committees.). 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. 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. 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 Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. In 1867 King began using the Running W brand to mark his cattle. All rights reserved. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair.
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