Angel served honorably in the U.S. Army and California Army National Guard . Recent News Archives - King Ranch Houston, TX 77056 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. . Parts of King Ranch's property were opened not only to hunters--who since 1979 were able to pay nearly $3 million a year to shoot at deer, turkeys, and other animals--but to tourists as well. Company Ownership: Employee-owned On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. East Foundation Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. Along the way, the ranch's selective breeding efforts intensified. Dick Kleberg died in 1955. Along the way, the ranch's selective breeding efforts intensified. Committees & Task Force - Ken-Caryl Ranch Cal Farley's Boys Ranch - GuideStar Profile A majority independent board with nine outside directors, four inside (including three founders). He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. 210.861.4765. benespy@icloud.com. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Houston, TX 77056 Type of Private Board: Fiduciary Avery Rush No Affiliation Jeff Mitchell No Affiliation Lilia Escajeda No Affiliation Jane King No Affiliation Mike King No Affiliation Shannon Stapp No Affiliation . Dick Kleberg died in 1955. 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. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Please feel free to suggest 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. About Us - King Ranch Institute for Ranch Management King Ranch is the largest ranch in the United States. 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. Directors / Officers. The company represents a colorful part of Texas history. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . Approximate Annual Company Revenues: Under $100 million 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. 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. Finally, in 1899, an artesian well was drilled. In 1969, he received a B. S. in Animal Science at Texas Tech University. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. King Ranch. 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. He then bought the parcels and annexed them to the ranch. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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 King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. 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. The awards honor the performance of the board as a whole. The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. 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 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. James H. Clement, Jr. | Houston Trust Company 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. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. HOUSTON, February 24, 2022, For Immediate Release King Ranch, Inc. announced the continued expansion of King Ranch Ag & Turf in East Texas, with new stores planned in Livingston and Huntsville. Specific information related to the desired use of the grant ii. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . Source: International Directory of Company Histories, Vol.60. Image credit: Chas S Middleton & Son. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Governance highlights include: Daily Gazette of Schenectady That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. As the 1990s opened, King Ranch faced a number of questions. 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.. 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 Running W eventually became one of the most widely recognized marks in the history of the cattle industry. James manages the ranch's horse operations and lives in a bungalow near . Official Website: . Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. 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. King Ranch - NNDB 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. (Some members of management team are also on committees.). 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. Approximate Annual Company Revenues: $100 million-$350 million Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. 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. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Board of Directors - Our Sunnymead Ranch Modern game management and preservation systems were also set up. President, CEO and a member of the board for 10 years, and an employee for 36 years. Three Riverway, Suite 1600 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. Morocco and Spain soon followed as well. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. 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. Contact: However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Is Boots O Neal Still Alive - Clothes Questions Dick Kleberg died in 1955. Services. All rights reserved. Prior to AMERRA, he served as senior vice president of J.D. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. King Ranch Family Trust - GuideStar Profile Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership King Ranch. Board Certified Equine Reproduction. 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. 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. He has also been an editor for the magazine The Horse since 2008. 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. Best practices taken from public boards: a first-ever corporate sustainability report, a targeted DEI initiative, quarterly board meetings with separate executive session, board agendas focused on strategy and global issues rather than operational updates, focus on ESG, board members serve set terms, allowing for ongoing board refresh. January 14, 2021. 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. 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 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. Cotton farming was another area into which the company plunged with a fair amount of success. 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. Kleberg built fences to divide the sprawling ranch into more manageable units. 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. Phone: 301.529.9808 Before joining King Ranch, Hodgen spent six . Three Riverway, Suite 1600 After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. 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. King Ranch. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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. 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 . the point of contact for all inquiries relating to the search. The Company continues to expand its operations. 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 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. Willie Pakebusch. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. TSHA | King Ranch - Handbook of Texas 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 . King Ranch's storied history: from cattle rearing to luxury hunting Company Ownership: Employee-owned The result was a new breed, which they dubbed "Santa Gertrudis." Phone: 832-681-5701 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. He then bought the parcels and annexed them to the ranch. 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. January 14, 2021. 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. 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. Two of five independent directors are women, including the chair. Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. 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 Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Spade Ranch | Ellsworth NE - Facebook As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Underbrink to step down as King Ranch CEO | News | kingsvillerecord.com 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. We are in the resource-management business. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. At the King Ranch, a Way of Life Is Riding Into the Sunset James H. Clement, Jr. - King Ranch Institute for Ranch Management King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. Sep 25, 2011. books that might be critical omissions. "It's a great organization, with a lot of Texas heritage to it and a great culture. Morocco and Spain soon followed as well. TALL TIMBER RANCH Board of directors as of 05/28/2020 SOURCE: Self-reported by organization Board chair. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." Copyright 2023 King Ranch. 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. Internet Explorer presents a security risk. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. (832) 681-5700. Hodgen holds a B.S. 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. CEO Robert Hodgen. Dennis Waespi was elected to the Board of Directors in November 2014. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. 4 years ago. 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. Kingsville, TX 78364 United States. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. King's Home Board of Directors. (832) 681-5700. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . In the 1950s the company went international. Internships - King Ranch Institute for Ranch Management 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. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. King Ranch History: Founding, Timeline, and Milestones - Zippia The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. The City Council serves as the Board of Directors. King's Home Board of Directors. Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. No Affliation. Liked by Terry King. Fiduciary board awards were broken down by company revenues and ownership type. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. The ranch covered more than 600,000 acres by this time. Board of Directors data for 2021 *with the ability to download the data for 2019, 2018, 2017, 2016, 2015 Download it now for $125. King Ranch Inc | Encyclopedia.com 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. 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. Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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. Yarborough to take control of King Ranch's oil and gas business. Underbrink has been . 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. Kingnow covers 825,000 acresmore land than the state of Rhode Island. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. The external directors are adding value in development of a strategic plan that allows the company to grow and create value for employee-owners (debt, cash flow, investments). In 1976 Clement hired W.B. King Ranch is the largest ranch in the United States. 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 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. Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) James H. Clement, Jr. 25. Environmental Systems Design "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. 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. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. Who lives on King Ranch? Approximate Annual Company Revenues: Under $100 million (361) 595-5683. 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. Six-member board today: five independent directors plus CEO.