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. Dick Kleberg died in 1955. CEO Robert Hodgen. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. Valor Ranch. Company Ownership: Family-owned 267 were here. DeJuana Bivins King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. 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. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 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. 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 board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. RISMedia's 2022 Power Broker Report ranks Fathom Realty number 16 in total residential sales volume, up from number 22 in 2020. Smith, who last November was one of the first three outsiders to join the King Ranch board, will continue to direct Kimberly-Clark, a Dallas-based paper goods company. As consumers, we often take for granted all the hard work that goes into building a great company. 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. Houston, TX 77056 Three Riverway, Suite 1600 In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Company Chairman John D. Alexander, Jr. and John T. Steen III Vice-Chairman commented that the King Ranch Board is looking forward to working with Robert and are confident his broad professional experience along with a deep knowledge of finance and ag related investments make him a great choice to lead King Ranch into the future. King Ranch Corporate Offices Three Riverway, Suite 1600 Houston, TX 77056 (832) 681-5700 Land Resources Manager. Image credit: Chas S Middleton & Son. 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. Company Ownership: Employee-owned Clement Jr., is the chairman of the King Ranch board of directors. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. James manages the ranch's horse operations and lives in a bungalow near . (361) 595-5683. Approximate Annual Company Revenues: Under $100 million The board also helped with the development of a three-year strategic plan and two new office locations nationally in 2020 and 2021, with an additional location planned for 2021. Alexander will be 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 . Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the Kingsville, TX 78364 United States. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. Another turnover in management took place in 1995. Three Riverway, Suite 1600 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. Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). expansion of the King Ranch Texas Kitchen restaurant concept. King Ranch Corporate Offices Official Website:http://www.king-ranch.com/, Do you know something we don't? Stephen J. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. 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. 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. He was then appointed as Senior Vice President in March 2008 and was appointed as President/CEO, as well as a Director, in June 2010. 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. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. All board members also participate in the ESOP communications and administration committee. Modern game management and preservation systems were also set up. Board is a leader in local involvement, supporting the company in community philanthropy. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. 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. By 1952 the company was sending livestock to outposts in Cuba and Australia in hopes of boosting production by introducing Santa Gertrudis genes into the mix. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Houston, TX 77056 The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. (832) 681-5700. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. One by one, the problems of running a growing ranch were addressed. Underbrink has been All rights reserved. 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. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. PHILADELPHIA--(BUSINESS WIRE)--Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit June 9-11, live online. including cotton, milo, sugar cane, almonds and pistachios and various vegetables. "It's a great organization, with a lot of Texas heritage to it and a great culture. 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. (832) 681-5700. 4 years ago. Company Chairman John D. Alexander Jr. and John T. Steen III Vice-Chairman commented that the King Ranch board is looking forward to working with Robert and are confident his broad professional experience along with a deep knowledge of finance and ag related investments make him a great choice to lead King Ranch into the future. "Tio" Kleberg is a member of the King Ranch Board of Directors and a member of the legendary King Ranch family. King and Kenedy also used their shipping enterprise to supply the Confederate army. Principal Subsidiaries: King Ranch Holdings, Inc.; King Ranch Properties, Inc.; King Ranch do Brasil S.A. (Brazil); Big B Sugar Corp.; King Ranch Saddle Shop, Inc.; King Ranch Oil and Gas, Inc.; King Ranch Power Corp.; Kingsville Lumber Company; Robstown Hardware Company; Kingsville Publishing Company. An independent Transition Committee of the board, consisting of the four independent directors, guided LDG through its transition from a 60% ESOP to a 100% ESOP in 2020 and selected the third CEO in the companys history. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing 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. The publisher/president and his team send a written report one week before each meeting. The company represents a colorful part of Texas history. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. 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. The result was a new breed, which they dubbed "Santa Gertrudis." 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. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. 15360 James Madison Pkwy, King George, Virginia 22485, United States (240)672-7952. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and Company Ownership: Employee-owned King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the U.S. Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. Mr. Clement is chairman of the Management Council of the King Ranch Institute for Ranch Management at Texas A&M University-Kingsville. The result was a new breed, which they dubbed "Santa Gertrudis." Youth at Risk; DYS; . 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. David Shaw, Publishing Director On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. 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. King's Home Board of Directors. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. Services. When King died in 1885, he left his entire estate to his wife, Henrietta. 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. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. learn how over 7,000 companies got started! The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. 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 ranch covered more than 600,000 acres by this time. 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. Expansion and Innovation in the 1940s-50s. Henrietta King died in 1925, at the age of 92. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. 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." 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. 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. 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. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. 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. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. 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. Official Website: . Email: dshaw@directorsandboards.com. 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. King Ranch celebrated its 150th anniversary in 2003. The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. King Ranch Board of Directors to Begin CEO Search. Responsible for overall supervision and control of all functions of Valor Ranch. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. 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. Internet Explorer presents a security risk. A majority independent board with nine outside directors, four inside (including three founders). 310 East Wildwood. more than 50,000 books and 120,000 other kinds of references. 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. 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.