king ranch board of directors

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.. Type of Private Board: Advisory Corporate management at the ranch predated Jack Hunt. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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 . 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. Tio Kleberg King Ranch Board of Directors. 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). 310 East Wildwood. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. He then bought the parcels and annexed them to the ranch. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. Private Independent Foundations (T22) He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Expansion and Innovation in the 1940s-50s. Smith's reign lasted only a year. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. Type of Private Board: Fiduciary Kingsville, Texas, United States. The company represents a colorful part of Texas history. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 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. Cal Farley's is a nonprofit 501(c)(3) corporation organized under the laws of the State of Texas. 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. Board members review the material and send their comments/questions three days in advance, and the team responds the day before the meeting. He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. Youth at Risk; DYS; . While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. It is mainly a cattle ranch, but also produced the Triple Crown winning . 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. 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 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. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . 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. King Ranch is the largest ranch in the United States. Kingsville, TX 78364 United States. Type of Private Board: Fiduciary 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. 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. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. In the 1950s the company went international. Kleberg built fences to divide the sprawling ranch into more manageable units. A lawsuit was brought against the company by the descendants of Major William W. Chapman, a business partner of Richard King during the formation of the ranch in the 1850s. 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. 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. King Ranch. The event was postponed in 2020 due to the COVID-19 pandemic. Board meetings include reviewing overdrafts and past-due loans. Phone: 832-681-5701 The GO debt and the O&M is . He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 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. 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. 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. 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. King Ranch continues to foster a culture of uncompromising quality, stewardship, and authenticitya true testament to Captain Kings integrity and commitment to the land. President, CEO and a member of the board for 10 years, and an employee for 36 years. learn how over 7,000 companies got started! 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. . From historic hunting trips to the Crown Jewel of the property, the "17-bedroom, 37,000-square-foot Mediterranean-style mansion, the land maintains its reputation by still running profitable ranch-like adventures, from cattle operations to citrus . Kingsville, TX 78364 | View on Google Maps. 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. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. 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. 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. . However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. Tio Kleberg continued to run the ranch's day-to-day operations. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. work to identify new leadership with the same passion and dedication Robert has provided King Ranch for the last 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. . One by one, the problems of running a growing ranch were addressed. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices Approximate Annual Company Revenues: Under $100 million It is mainly a cattle ranch, but also produced the Triple Crown winning . By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. branding partnerships with Ford Motor Co., Textron Aviation and most recently with the Fertitta Family for the The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. (832) 681-5700. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. 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. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. the top of most pages, or via the "Related Topics" box in the sidebar. 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. That keeps the actual meeting time focused on strategic discussions. January 14, 2021. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. Hodgen also served on Amerra's board of . Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Prior to AMERRA, he served as Senior Vice President of J.D. The result was a new breed, which they dubbed "Santa Gertrudis." Environmental Systems Design Robert has been a highly capable CEO, who helped the Company diversify and 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. Type of Private Board: Fiduciary 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. In 1867 King began using the Running W brand to mark his cattle. in the United States. Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. Modern game management and preservation systems were also set up. 0. He is a founding board member of The Texas Agricultural Land Trust, Texan by Nature, and served on the East Foundation's Professional Advisors Group. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . Committees do a lot of detail work, saving board meetings for more strategic topics. Another turnover in management took place in 1995. (832) 681-5700. 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. 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." King and Kenedy also used their shipping enterprise to supply the Confederate army. 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. Were excited, First Renewable Energy Development on King Ranch Noria Hondo 220MW Combined Solar and Battery Farm Project King Ranch is proud to be partnering with Talen Energy Corp. in the development of the first utility scale renewable energy project, Noria Hondo,, 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. Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. Ward 4 Board Member. And we all feel we have a lot of resources to manage.". The City Council serves as the Board of Directors. Three Riverway, Suite 1600 In August 2003, however, the Texas Supreme Court ruled against the Chapman descendants, arguing that there was not enough evidence to proceed with a trial. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership 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. Image credit: Chas S Middleton & Son. With the controversial lawsuit behind it, King Ranch went ahead with its anniversary festivities, which included a highly publicized cattle and horse charity auction. Tio Kleberg continued to run the ranch's day-to-day operations. Since 1992 he has served on the board of King Ranch, Inc. and from October 1994 until May 1995, Mr. Clement acted as interim CEO of King Ranch, Inc. during its search for a full time CEO. Governance highlights include: Larsen Design Group Inc. 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. 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. As the 1990s opened, King Ranch faced a number of questions. 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 . They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. King and Kenedy also used their shipping enterprise to supply the Confederate army. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. King split his time between his two businesses, steamboating and ranching, during this period. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. 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. Tio Kleberg commented on the company's diversification in a 1995 U.S. News & World Report: "We no longer see ourselves in the cattle business, as such. San Antonio, TX. The King Ranch's board of directors unanimously promoted Houston's Robert J. Underbrink, 49, to president, CEO and a director of the diversified agribusiness company in Kingsville last week. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. We are in the resource-management business. He will continue to serve as an advisor to the Company on various matters. 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. Approximate Annual Company Revenues: $350 million-$1 billion 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.. Cal Farley's Boys Ranch Board of directors as of 02/13/2023 SOURCE: Self-reported by organization . 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. 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. Privacy Policy, Barles, Pete, "He Stayed Ahead of the Herd; Be Bold: Richard King, With Grit and Innovation, Built the World's Largest Ranch,", Chapman, Art, "Texas Supreme Court Ruling Adds Appeal to Legendary King Ranch Celebration,", "The Fabulous House of Kleberg: A World of Cattle and Grass,", Gonzalez, John W., "Nostalgia, Prestige Rules Kingsville, Texas, Ranch Auction,", "The King Ranch: The Last Frontier Empire Confronts the Modern World,", Pare, Terence, "New Chairman Tenderfoot Takes Over,", Romero, Simon, "Betting the Ranch, a Really Big One,". The ranch covered more than 600,000 acres by this time. Several new ways to generate revenue were found over the next few years. In 1867 King began using the Running W brand to mark his cattle. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. 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. 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. 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. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. 78212-1756. 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. 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.

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