Each committee is chaired by a different external director. January 14, 2021. 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. Published Jul. King's Home Board of Directors. Governance highlights include: MLR Media publishes Directors & Boards, Family Business and Private Company Director magazines, and produces the Private Company Governance Summit; the Transitions (Spring and Fall) and Family Business Legacy & Wealth conferences; The NextGen Summit and the Transformational Women in Family Business and Character of the Corporation forums. Main address. . Official Website:http://www.king-ranch.com/, Do you know something we don't? King Ranch. 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. 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. Email: dbivins@king-ranch.com, King Ranch Corporate Offices The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. 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. . On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. King Ranch. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. 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. The board focuses on strategic issues and selecting advisors with specific skill sets to help management. 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. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. After the passing of one of the ranch owners, the ranch management was left in the hands of Mark Eisele, who has worked on the ranch since the 1970s. Sheila is active in CattleWomen's groups at the local, state . Henrietta King died in 1925, at the age of 92. 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. President, CEO and a member of the board for 10 years, and an employee for 36 . 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. 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. 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. Company Ownership: Family-owned Tio Kleberg continued to run the ranch's day-to-day operations. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. In 1867 King began using the Running W brand to mark his cattle. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Robert has been a highly capable CEO, who helped the Company diversify and 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 . "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. Services. Type of Private Board: Fiduciary Tio graduated from Texas Military Institute in 1964. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. Alexander will be These transplanted villagers went to work on the ranch. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. The ranch covered more than 600,000 acres by this time. Annoying wild mustangs and donkeys were captured and shipped elsewhere. Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. King Ranch is the largest ranch in the United States. 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. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. production, horses, wildlife management and recreation, and the production of a number of agricultural commodities He has also been an editor for the magazine The Horse since 2008. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. Source: International Directory of Company Histories, Vol.60. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Six-member board today: five independent directors plus CEO. 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). The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. Discover King Ranchs Affiliated Websites, Discover our legacy of handcrafted quality, Drive the bold ruggedness of the King Ranch Ford Truck, Find the highest quality turfgrass for your lawn, Explore the best bermuda greens grasses for golf courses, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Kingsville, TX 78364 United States. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Kleberg built fences to divide the sprawling ranch into more manageable units. Corporate management at the ranch predated Jack Hunt. 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. Submit a correction or make a comment about this profile. Another turnover in management took place in 1995. He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. 267 were here. 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. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. As the 1990s opened, King Ranch faced a number of questions. 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. 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. Expansion and Innovation in the 1940s-50s. 1989. Contact: The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Board of Directors data for 2023 *with the ability to . Type of Private Board: Fiduciary in the United States. 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. 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. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. 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 . Approximate Annual Company Revenues: Under $100 million Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership Copyright 2023 King Ranch. To get the company back in the black, Kleberg turned to petroleum. Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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 board works hard to know and understand their customers. Approximate Annual Company Revenues: $350 million-$1 billion Type of Private Board: Advisory Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. Copyright 2023 King Ranch. Along the way, the ranch's selective breeding efforts intensified. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Range in Sheridan and Cherry Counties.. In the 1950s the company went international. 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. 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. United States. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 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. 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. Sep 25, 2011. Houston, TX 77056 King's Home Board of Directors. Angel was elected to the Sunnymead Ranch PCA Board of Directors in May 2022. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. 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 1974 Bob Kleberg died after managing the company's operations for more than half a century. We accept mature and experienced students with ranch management experience, and teach them . 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. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Term: 2018 - 2020. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. When King died in 1885, he left his entire estate to his wife, Henrietta. 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.

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