Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. are its most important asset. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. St. James Press, 2004. The King's Palace - Texas Monthly From 1969 to 1971, he served as a Lieutenant in the U. S. Army . Morocco and Spain soon followed as well. 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. 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. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. Committees & Task Force - Ken-Caryl Ranch California Cattle Council Board - California Cattle Council It is mainly a cattle ranch, but also produced the Triple Crown winning . By that time, King Ranch had grown to well more than a million acres in size and was home to 94,000 head of cattle and 4,500 horses and mules, the quality of which had become very high through selective breeding. King Ranch is the largest ranch in the United States. He also began to cross his cowherd with Shorthorn and Hereford bulls, since the expansion of the railroad made the Longhorn's ability to walk long distances irrelevant. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. Liked by Terry King. By that time, King Ranch had grown to well over a million acres in size and was home to 94,000 head of cattle and 4,500 horses and mules, the quality of which had become very high through selective breeding. 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). King Ranch. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. Mr Duard King Tall Timber Ranch. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. And we all feel we have a lot of resources to manage.". Board of Directors | King's Home By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. The chairman considers the performance of each member prior to their term renewal. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Benjamin Espy, DVM, DACT. No Affliation. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. Stephen J. The awards were created to recognize private companies that go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. 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. Before joining King Ranch, Hodgen spent six . Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. 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. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Another turnover in management took place in 1995. The GO debt and the O&M is . King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: President, CEO and a member of the board for 10 years, and an employee for 36 . Email: dbivins@king-ranch.com, King Ranch Corporate Offices Robert has brought to King Ranch. All rights reserved. . Board of Directors | East Bay Parks From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. King Ranch's storied history: from cattle rearing to luxury hunting 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. 109. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . A copy of the . Copyright 2023 King Ranch. It is mainly a cattle ranch, but also produced the Triple Crown winning . Yarborough to take control of King Ranch's oil and gas business. Six-member board today: five independent directors plus CEO. These transplanted villagers went to work on the ranch. Cotton farming was another area into which the company plunged with a fair amount of success. Schmidt By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. King Ranch board appoints new CEO - mySA i. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Texas and Southwestern Cattle Raisers Association, To Honor and Protect the Ranching Way of Life. In addition, Kleberg serves as 1st Vice Chairman of the Texas A&M University-Kingsville Foundation and is a member of the CKWRI Advisory Board. Cotton farming was another area into which the company plunged with a fair amount of success. Responsible for overall supervision and control of all functions of Valor Ranch. Specific information related to the desired use of the grant ii. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Cal Farley's Boys Ranch - GuideStar Profile King split his time between his two businesses, steamboating and ranching, during this period. Governance highlights include: Daily Gazette of Schenectady The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. In 1976 Clement hired W.B. Todays King Ranch is a major agribusiness with interests in cattle ranching, farming (citrus, cotton, grain, sugar cane, and turfgrass), luxury retail goods, and recreational hunting. Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. Company Ownership: Family-owned 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. 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. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Internet Explorer presents a security risk. Yarborough to take control of King Ranch's oil and gas business. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. Governance highlights include: Commerce State Bank 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. (832) 681-5700. 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. work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last Three Riverway, Suite 1600 King Ranch Corporate Offices Prior to AMERRA, he served as Senior Vice President of J.D. 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. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. 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. 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. Between 1869 and 1884, more than 100,000 head of cattle from King Ranch made the trip. He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. The Company continues to expand its operations. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. The ranch is a commercial cow/calf operation that has been in Jeff's family since the early 1870s. 10 years.. Committees: Governance Plus (the plus refers to business succession), Finance/Audit, Risk/Cyber/Safety, Business Investment and Diversification. He will continue to serve as an advisor to the Company on various matters. 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. 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. Agent Address. 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. King Ranch names Robert Hodgen new CEO - Texas and Southwestern Cattle 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). 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. Growth has been aggressively pursued. 0. 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. Board of Directors - Our Sunnymead Ranch I was just honored to be considered for the board. They have been active on the boards and national councils of many local nonprofits, including Anderson Ranch Arts Center, the Aspen Music Festival, the Roaring Fork Music Society, Jazz Aspen and Aspen Words, among others. Beginning of the Kleberg Family Reign in the 1880s. 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. The result was a new breed, which they dubbed "Santa Gertrudis." King split his time between his two businesses, steamboating and ranching, during this period. Dick Kleberg died in 1955. 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." After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. 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. 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 family is in its 7th generation, and we believe the time is right to proceed with Company Ownership: Employee-owned 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. To get the company back in the black, Kleberg turned to petroleum. Finally, we can read about how these great companies came about with Company Histories.. . Both iterations of the board trained up the family members, who did not have governance backgrounds. Where is the largest cattle farm in the United States? About Us - King Ranch Institute for Ranch Management NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing 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. DeJuana Bivins On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Each committee is chaired by a different external director. Board - Ranching Heritage Association Fiduciary board awards were broken down by company revenues and ownership type. COMPANY. Ella King born 1858-04-13 in Brownsville Ward 2, Cameron, Texas. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 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. Underbrink to step down as King Ranch CEO | News | kingsvillerecord.com Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. The ranch covered more than 600,000 acres by this time. 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. Kleberg married King's daughter Alice the following year. 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. Modern game management and preservation systems were also set up. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Board of Directors data for 2021 *with the ability to download the data for 2019, 2018, 2017, 2016, 2015 Download it now for $125. 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. Cal Farley's Boys Ranch Board of directors as of 02/13/2023 SOURCE: Self-reported by organization . Image credit: Chas S Middleton & Son. 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. 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. Dennis Waespi was elected to the Board of Directors in November 2014. 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. (832) 681-5700. Committees do a lot of detail work, saving board meetings for more strategic topics. We see them around but we don't know what goes on behind the scenes. 267 were here. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. A replay of the awards presentation is available here: https://vimeo.com/561269813. The company is transforming itself into a holding company with the newspaper at the center. Please feel free to suggest 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. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. 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. 310 East Wildwood. As part of its strategy to build profit in its agriculture business, the newly created firm acquired the Turner Foods groves from Florida Power & Light. January 14, 2021. 210.861.4765. benespy@icloud.com. For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. Family tree of Richard King Born 1825-07-10 in Orange County, New York 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). The City Council serves as the Board of Directors. King Ranch Inc | Encyclopedia.com Submit a correction or make a comment about this profile. 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. 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. As consumers, we often take for granted all the hard work that goes into building a great company. 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. Beef was not the only thing King Ranch was able to breed successfully. Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch expressed a commitment to the kind of experimentation and innovation that helped the company to thrive for so many years. 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. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Underbrink has been, KINGSVILLE Aug. 25, 2020 For Immediate Release Visitors will have to wait one more year for the 30th Annual King Ranch Ranch Hand Breakfast. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. Dick Nord. 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. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Along the way, the ranch's selective breeding efforts intensified. 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.