It is mainly a cattle ranch, but also produced the Triple Crown winning . Profile for KING RANCH FAMILY TRUST (Kingsville, TX - EIN 746044809) including grantees and board members as of 2019 tax year. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: 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. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. Hodgen holds a B.S. 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. 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. Clement Jr., is the chairman of the King Ranch board of directors. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). Term: 2018 - 2020. Cowboys Working in the Laureles Division - King Ranch Saddle Shop. Finally, in 1899, an artesian well was drilled. 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 1990s opened, King Ranch faced a number of questions. Phone: 832-681-5701 The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The Running W eventually became one of the most widely recognized marks in the history of the cattle industry. Fiduciary board awards were broken down by company revenues and ownership type. Robert has brought to King Ranch. Approximate Annual Company Revenues: $100 million-$350 million The company entered the new millennium preparing to celebrate its 150th anniversary in 2003. The board has professionalized its auditing and accounting systems and reports to the family with the sane integrity as a public company. Principal Competitors: AzTx Cattle Company; Cactus Feeders Inc.; Lykes Bros. Inc. The City Council serves as the Board of Directors. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Expansion and Innovation in the 1940s-50s. 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. All rights reserved. These transplanted villagers went to work on the ranch. 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). 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. Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. Hodgen, 45, brings nearly 25 years of executive leadership and, KINGSVILLE, July. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Before joining King Ranch, Hodgen spent six . Phone: 832-681-5701 That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. King Ranch is the largest ranch in the United States. King Ranch, Inc. operates one of the largest and most famous cattle ranches in the world. Schmidt 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. 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. learn how over 7,000 companies got started! Alexander will be Alfred Ashbrook King born 1916-07-19 in Nueces, TX, USA - 2006. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. Therefore, the trial court was tasked with the ministerial duty to grant relief in strict accordance with the parties' agreements. By 1952 the company was sending livestock to outposts in Cuba and Australia with the hope of boosting production by introducing Santa Gertrudis genes into the mix. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. 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. 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. 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. For questions, contact Darci Cross at darcic@kcranch.org 303-979-1876, ext. Copyright (c) 2022 Company-Histories.com. In choosing Clement to lead King Ranch into the next generation, the family passed over Robert Shelton, a vice-president and King relative who had been raised by Bob Kleberg. The ranch covered more than 600,000 acres by this time. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. Copyright 2023 King Ranch. Mr. Kleberg served on the King Ranch Board of Directors from 1974 to 1988. are its most important asset. King purchased the land and he and Lewis launched the livestock operation that would eventually grow into the King Ranch. (832) 681-5700. Several new ways to generate revenue were found over the next few years. Angel has lived in Moreno Valley for 14 years, and spent two years at March Air Reserve Base (2003-2004). In 1884 a young lawyer named Robert Kleberg began handling the legal affairs of King Ranch. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the United States Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. 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. 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. The century-old King Ranch sits just outside of Cheyenne. Yarborough to take control of King Ranch's oil and gas business. 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. 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 boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Kleberg built fences to divide the sprawling ranch into more manageable units. the top of most pages, or via the "Related Topics" box in the sidebar. CONTACT: Warren Conway, Bricker Endowed Chair in Wildlife Management . 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. 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,". Houston, TX 77056 To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. When King died in 1885, he left his entire estate to his wife, Henrietta. 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. As consumers, we often take for granted all the hard work that goes into building a great company. 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. Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . 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. Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. 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. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. 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. Smith's reign lasted only a year. PO Box 1418. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Kingsville, Texas. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Henrietta King died in 1925, at the age of 92. A series of Pacific low pressure and frontal systems moved across the , Continue Reading about U.S. drought monitor and summary report for Feb. 28. 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. He will continue to serve as an advisor to the Company on various matters. 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. Our alumni are progressive leaders and exceptional managers at some of the most diverse ranches in the country. And we all feel we have a lot of resources to manage.". Henrietta King died in 1925, at the age of 92. Approximate Annual Company Revenues: $100 million-$350 million 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.. King split his time between his two businesses, steamboating and ranching, during this period. From its beginnings in the mid-nineteenth 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. These transplanted villagers went to work on the ranch. Finally, in 1899, an artesian well was drilled. Cotton farming was another area into which the company plunged with a fair amount of success. COMPANY. Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices 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. 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. 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. No Affliation. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the . A list of current Board of Directors iii. 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. Approximate Annual Company Revenues: $350 million-$1 billion 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. Neither King Ranch nor appellant contests the validity of the rule 11 agreements or assert consent was withdrawn. 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. . He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. All board members also participate in the ESOP communications and administration committee. Specific information related to the desired use of the grant ii. Image credit: Chas S Middleton & Son. 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. 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. Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. production, horses, wildlife management and recreation, and the production of a number of agricultural commodities Immediate Past Chairman: Forrest DeBuys . Along the way, the ranch's selective breeding efforts intensified. Two weeks ago two other . 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. Fathom also ranked. 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. Dick Kleberg died in 1955. 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. 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. All rights reserved. Internet Explorer presents a security risk. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Ward 4 Board Member. 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. In 1935 the Klebergs made King Ranch a corporation so that its future as a single entity would be more secure. 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. 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. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. Mr Duard King Tall Timber Ranch. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. Directors / Officers. 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. 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. 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. Cotton farming was another area into which the company plunged with a fair amount of success. King Ranch. NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing Is King Ranch a real ranch? 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. 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. The company began actively exploring for oil and gas, rather than passively waiting for royalties on the oil and gas found on its property by others. 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. Houston, TX 77056 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. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. St. James Press, 2004. Only a 50,000-acre ranch in Brazil remains, run by Mr. Kleberg's son Chris, 28. Beginning of the Kleberg Family Reign in the 1880s. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. 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. 26, 2014. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. Underbrink has been . 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 had made significant changes in its operations since the early 1990s and its business environment would no doubt continue to transform into the years to come as management looked to diversify into new profitable areas. 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." 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. The sixth annual awards recognize fiduciary boards (those tasked with protecting shareholders, with the authority to vote on decisions that are binding for company management) as well as advisory boards (more informal boards that have no binding regulations, but often a significant strategic role). 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. 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. Dennis Waespi was elected to the Board of Directors in November 2014. 4 years ago. Kleberg married King's daughter Alice the following year. All rights reserved. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. 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 Company operates various retail operations, including the famous King Ranch Saddle Shop, and has branding partnerships which include Ford Motor Co.. 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. Board is a leader in local involvement, supporting the company in community philanthropy. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. 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. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. Along the way, the ranch's selective breeding efforts intensified. 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. Corporate management at the ranch predated Jack Hunt. Houston, TX 77056 Submit a correction or make a comment about this profile. A copy of the organization's exemption letter from the Internal Revenue Service, and iv. 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. 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. 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 Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. The chair (family) and CEO (currently non-family) roles are split and have been for many years. Robert has been a highly capable CEO, who helped the Company diversify and Cal Farley's Boys Ranch Board of directors as of 02/13/2023 SOURCE: Self-reported by organization . 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. Main address. All initiatives must produce cash flow to maintain the infrastructure to serve the main purpose of keeping the community informed.