Jul 2020 - Present2 years 9 months. Grantmakers.io Profile - KING RANCH FAMILY TRUST James H. Clement, Jr. - King Ranch Institute for Ranch Management Type of Private Board: Fiduciary King Ranch History: Founding, Timeline, and Milestones - Zippia He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. When Hunt told his board of directors at a meeting in Houston that he wanted to pay a consulting firm $500,000 to do a study assessing the King Ranch's environmental problems, Tio glared at him . 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. 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. CEO Robert Hodgen. Robert J. Underbrink. Schmidt A majority independent board with nine outside directors, four inside (including three founders). (832) 681-5700. 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. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. King Ranch remained focused on its oil holdings as well and in 1999 spun off its King Ranch Energy Inc. subsidiary just before its merger with St. Mary Land and Exploration Co. 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. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. He serves on the boards of King Ranch, Inc.; Chairman of the Management . 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. King Ranch | Sand County Foundation King Ranch Feedyard. 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. (Houston, Texas) The King Ranch, Inc., Board of Directors today announced the search for a successor for the Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. King Ranch, Inc. -- Company History 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,". Company Ownership: Closely Held He will continue to serve as an advisor to the Company on various matters. Principal Competitors: AzTx Cattle Company; Cactus Feeders Inc.; Lykes Bros. Inc. Is King Ranch a real ranch? Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. Kingsville, Texas, United States. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. While it is perhaps most famous for its agribusiness segment (cattle breeding; horse breeding; farming; commodity marketing and processing; commercial hunting leases), King Ranch also explores and develops oil and gas properties through its King Ranch Oil and Gas, Inc. subsidiary. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. 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. 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. No Affliation. United States. production, horses, wildlife management and recreation, and the production of a number of agricultural commodities 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. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. 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. For Immediate Release. Approximate Annual Company Revenues: Under $100 million Bryant and Kleberg to be Inducted into the 2017 Texas Conservation Hall Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. Main address. 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. 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. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. Committees including Nominating and Governance, Audit and Risk, Compensation and Talent, and Innovation. 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. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Black Angus Beef Cattle, Feeder Calves and Replacement Heifers. Agent Address. Tio Kleberg | East Foundation 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. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. 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. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Type of Private Board: Fiduciary King's Home Board of Directors. Hodgen also served on Amerra's board of . The company represents a colorful part of Texas history. The Company continues to expand its operations. St. James Press, 2004. (Some members of management team are also on committees.). They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. Henrietta King died in 1925, at the age of 92. 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. He then bought the parcels and annexed them to the ranch. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. Houston, TX 77056 are its most important asset. 210.861.4765. benespy@icloud.com. ANTHONY A. SIMMONS, director. King also began to buy and sell cattle in huge numbers. learn how over 7,000 companies got started! Tio Kleberg continued to run the ranch's day-to-day operations. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . 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. Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. Tio Kleberg continued to run the ranch's day-to-day operations. Three Riverway, Suite 1600 He served as Secretary - Treasurer of King Ranch, Inc. from 1974 to 1980. Sep 25, 2011. 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. The board works hard to know and understand their customers. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . Board of Directors data for 2020 *with the ability to download the data for 2019 Tio grew up on King Ranch in Kingsville, Texas, working summers with ranch operations. In 1854 King brought north not only all of the cattle from one particular Mexican village suffering through a drought, but all of the village's humans as well. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. During the horrible drought years of the 1890s, Kleberg experimented with various ways of getting water to the land. Modern game management and preservation systems were also set up. 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 . Angel served honorably in the U.S. Army and California Army National Guard . 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. 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. 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. The family is in its 7th generation, and we believe the time is right to proceed with 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. Three Riverway, Suite 1600 current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. 211 E. 7th Street, Suite 620, Austin, TX, 78701-3136, USA. 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. Cowboys Working in the Laureles Division - King Ranch Saddle Shop Submit a correction or make a comment about this profile. The chairman considers the performance of each member prior to their term renewal. Approximate Annual Company Revenues: $100 million-$350 million The company represents a colorful part of Texas history. Governance highlights include: Commerce State Bank 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. Its been a journey of a lifetime, Underbrink said. However, in 1853, he founded the King Ranch that has, ever since, been a staple in Texas history. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. A complete timeline of King Ranch's History from founding to present including key milestones and major events. 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. 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. The Board of Directors of King Ranch, Inc. appointed Mr. Underbrink as Vice President of Farming Operations in June 1998. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. What's the biggest ranch in Texas? - The Biggest 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. 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 . Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. 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. Directors / Officers. Although 60,000 head of cattle still graze King Ranch's sprawling acreage and the company remains a major force in the cattle industry, King Ranch has evolved into a distinct agribusiness and energy corporation. Is King Ranch a real ranch? 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.

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