Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. 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. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. Kingsville, TX 78364 | View on Google Maps. King Ranch celebrated its 150th anniversary in 2003. Type of Private Board: Fiduciary 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. . Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. succession planning for this important role.. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. All rights reserved. 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). . Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. 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 result was a new breed, which they dubbed "Santa Gertrudis." Type of Private Board: Fiduciary The result was a new breed, which they dubbed "Santa Gertrudis." Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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. 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. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. Email: dshaw@directorsandboards.com. Each committee is chaired by a different external director. Private Independent Foundations (T22) Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. Tio Kleberg King Ranch Board of Directors. Between 1869 and 1884, more than 100,000 head of cattle from King Ranch made the trip. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." 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. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 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. 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. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Billionaire Stan Kroenke, owner of what are now the NFL's Los Angeles Rams, has purchased a massive Texas ranch that had a $725 million price tag. Another turnover in management took place in 1995. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 The board includes individuals from a wide variety of backgrounds and experiences, including accounting, engineering, higher education, community service, philanthropy, real estate development and health care. "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Benjamin Espy, DVM, DACT. Hodgen, 45, brings nearly 25 years of executive leadership and, KINGSVILLE, July. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. 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. Known Addresses for King Ranch, Inc. 141 West-Lauro's Hl Kingsville, TX 78363 1415 Louisiana St Houston, TX 77002 3 Riverway Houston, TX 77056 PO Box 1210 Belle Glade, FL 33430 8050 S US Highway 27 South Bay, FL 33493 PO Box 1090 Kingsville, TX 78364 17 Miles E Kingsville, TX 78363 8 W Miles Kingsville, TX 78364 405 S 6th St Kingsville, TX . 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. No Affliation. The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. 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. King Ranch Board of Directors to Begin CEO Search. As the 1990s opened, King Ranch faced a number of questions. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. 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. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. Yarborough to take control of King Ranch's oil and gas business. The publisher/president and his team send a written report one week before each meeting. Services. Who lives on King Ranch? It is mainly a cattle ranch, but also produced the Triple Crown winning . (Houston, Texas) -The King Ranch, Inc., Board of Directors today announced the search for a successor for the. 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. Although 60,000 head of cattle continued to graze King Ranch's sprawling acreage and the company remained a major force in the cattle industry, King Ranch evolved into a distinct agribusiness and energy corporation during the 1990s. Committees do a lot of detail work, saving board meetings for more strategic topics. Cal Farley's Boys Ranch Board of directors as of 02/13/2023 SOURCE: Self-reported by organization . 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. Copyright 2023 King Ranch. He serves as a board member of the Texas State Historical . "I was surprised when I got a call, and honored," King said Friday. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. 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. Jul 2020 - Present2 years 9 months. 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, Inc., is a privately-held agricultural production and resource management company established in 1853. 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. 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. 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. 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. 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). Ward 4 Board Member. Company Ownership: Family-owned Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. 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. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. 0. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. 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. The century-old King Ranch sits just outside of Cheyenne. Finally, we can read about how these great companies came about with Company Histories.. 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. 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. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has All rights reserved. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. 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.. books that might be critical omissions. 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. Kleberg built fences to divide the sprawling ranch into more manageable units. Annoying wild mustangs and donkeys were captured and shipped elsewhere. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . 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. All rights reserved. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. 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. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). 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..
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