He is a trustee of the Caesar Kleberg Foundation for Wildlife Conservation. Youth at Risk; DYS; . President, CEO and a member of the board for 10 years, and an employee for 36 . Dick Nord is a Builder/Developer, affiliated as a Real Estate Broker with Windermere Commercial Real Estate in Skagit County WA. 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. Kleberg quickly became an indispensable part of the ranch's operation. Board Certified Equine Reproduction. 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. President, CEO and a member of the board for 10 years, and an employee for 36 years. 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. Underbrink has been. 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. 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. All board members also participate in the ESOP communications and administration committee. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. Copyright 2023 King Ranch. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. Is King Ranch a real ranch? The event was postponed in 2020 due to the COVID-19 pandemic. PO Box 1418. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. 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. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing The 825,000-acre King Ranch covers nearly 1,300 square miles, an area larger than the entire state of Rhode Island, on four separate Divisions of land known as Santa Gertrudis, Laureles, Norias, and Encino. (Some members of management team are also on committees.). 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. Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. Director Angel Lopez-Ramirez is a Public Servant, Combat Veteran and Wounded Warrior. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: 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. Their descendants, who became known as kinenos (King's men), have formed the core of the King Ranch workforce ever since. 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. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. 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. 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. Approximate Annual Company Revenues: Under $100 million By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. King split his time between his two businesses, steamboating and ranching, during this period. Committees do a lot of detail work, saving board meetings for more strategic topics. Company Ownership: Family-owned One by one, the problems of running a growing ranch were addressed. 26, 2014. Submit a correction or make a comment about this profile. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. King and Kenedy also used their shipping enterprise to supply the Confederate army. Six-member board today: five independent directors plus CEO. However, the City has no liability for the debt. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. King Ranch, Inc. :: Texas (US) :: OpenCorporates By the end of the 1860s, King Ranch longhorns were being sold in northern markets. 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. Fiduciary board awards were broken down by company revenues and ownership type. Meeting time shifted from management doing most of the talking to the advisors doing the majority of the talking and management listening. Governance highlights include: King Ranch 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. 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. To get the company back in the black, Kleberg turned to petroleum. Annoying wild mustangs and donkeys were captured and shipped elsewhere. 310 East Wildwood. 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. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kiñ-os, went into the retail clothing and luggage business. Board of Directors The Forgotten Children's Fund who owns the king ranch Official 2023 Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. 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. Texas and Southwestern Cattle Raisers Association, To Honor and Protect the Ranching Way of Life. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Kingsville, Texas. 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. A replay of the awards presentation is available here: https://vimeo.com/561269813. 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. As we move ahead, we will 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. The City Council serves as the Board of Directors. 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. Clement Jr., is the chairman of the King Ranch board of directors. Private Independent Foundations (T22) 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. 109. Before joining King Ranch, Hodgen spent six . King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Yarborough to take control of King Ranch's oil and gas business. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Board of Directors - Our Sunnymead Ranch The board focuses on strategic issues and selecting advisors with specific skill sets to help management. 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.. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Kingsville, Texas, United States. (361) 595-5683. In 1867 King began using the Running W brand to mark his cattle. He serves as a board member of the Texas State Historical . Cotton farming was another area into which the company plunged with a fair amount of success. Submit a correction or make a comment about this profile. 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. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). Board of Directors - Valor Ranch 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. The family started an advisory board in 2012 and changed to a fiduciary board in 2015. 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. Kingsville, TX 78364 United States. Several new ways to generate revenue were found over the next few years. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Internships - King Ranch Institute for Ranch Management Parker Ranch Inc. Appoints New Board Members 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. The bank was able to pivot in the face of COVID-19 to work-from-home arrangements and, most impressively, to drive-thru mortgage closings. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has Board of Directors data for 2020 *with the ability to download the data for 2019 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. Image credit: Chas S Middleton & Son. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. St. James Press, 2004. Prior to AMERRA, he served as Senior Vice President of J.D. 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. In 1853, Captain Richard King purchased a creek-fed oasis in the Wild Horse Desert of South Texas, sparking generations of integrity, preservation, and innovation. The 50,000-acre ranch, which features Spanish-style cottages and usually has a full working staff, was settled in 1882 by a Texas Ranger named John Armstrong III, who passed the land on to the family. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. He has also been an editor for the magazine The Horse since 2008. All rights reserved. He began his career within the Animal Nutrition Division management team of Cargill, Inc. King Ranch has a rich, world-renowned legacy. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. The onset of the Depression, which caused beef prices to drop to the century's lowest levels, made matters even worse. Each committee is chaired by a different external director. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. The Kindness Ranch Animal Sanctuary - GuideStar Profile 210.861.4765. benespy@icloud.com. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. . 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 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. Compared to last week: Feeder steers and heifers sold mostly steady to 4.00 higher, , Continue Reading about Texas, Oklahoma weekly livestock auction summaries for March 3, This week's drought summary 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. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. ANTHONY A. SIMMONS, director. EIN. "It's a great organization, with a lot of Texas heritage to it and a great culture. 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. Kleberg married King's daughter Alice the following year. King Ranch Board of Directors to Begin CEO Search. 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. Morocco and Spain soon followed as well. Three Riverway, Suite 1600 Finally, in 1899, an artesian well was drilled. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO.