PO Box 1418. He began his career within the Animal Nutrition Division management team of Cargill Inc. King Ranch has a rich, world-renowned legacy. 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. i. Before joining King Ranch, Hodgen spent six . Cowboys Working in the Laureles Division - King Ranch Saddle Shop. King also began to buy and sell cattle in huge numbers. 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. Dennis Waespi was elected to the Board of Directors in November 2014. 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. . That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. 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. That keeps the actual meeting time focused on strategic discussions. (832) 681-5700. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. succession planning for this important role.. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. 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. 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. 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. King Ranch Type of Private Board: Fiduciary Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned Governance highlights include: EIN. Three Riverway, Suite 1600 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). The company is transforming itself into a holding company with the newspaper at the center. 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. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. In the September 25, 2001 agreement, appellant agreed and stipulated to extend the October 19, 2001 . Board of Directors - 2022. Youth at Risk; DYS; . expansion of the King Ranch Texas Kitchen restaurant concept. Board of Directors data for 2020 *with the ability to download the data for 2019 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. Over the course of over 160 years, King Ranch led some of the first cattle drives, developed the Santa Gertrudis and Santa Cruz breeds of cattle, bred the finest Quarter Horses, and produced champion Thoroughbredsall under its iconic Running W brand. All transactions of the District are included in the City's financial statements. 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. Contact: This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Email: dbivins@king-ranch.com, King Ranch Corporate Offices 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. 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. Tio graduated from Texas Military Institute in 1964. All rights reserved. Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. 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 . Smith's reign lasted only a year. The company represents a colorful part of Texas history. From 1969 to 1971, he served as a Lieutenant in the U. S. Army . . In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. (832) 681-5700. King Ranch Board of Directors to Begin CEO Search, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. January 14, 2021. ANTHONY A. SIMMONS, director. 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. 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. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. 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. Is King Ranch a real ranch? Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Both iterations of the board trained up the family members, who did not have governance backgrounds. Six-member board today: five independent directors plus CEO. A list of current Board of Directors iii. Dick Kleberg died in 1955. Annoying wild mustangs and donkeys were captured and shipped elsewhere. 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. Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Crews were assigned to slow the encroachment of mesquite brush, which was quickly displacing the favorable "climax grasses." Visit Site. pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Beef was not the only thing King Ranch was able to breed successfully. in the United States. The mission of the Kindness Ranch is to provide a sanctuary and place of rehabilitation for animals who have been used in laboratory research while fostering compassion for all animals. Rodney serves on the Board of Directors for the Kings Water Alliance, Central Valley Dairy Representative Monitoring Program, and the California Dairy Environmental Justice Fund. As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. Underbrink has been . 825,000 acre ranch in Texas, founded 1853 by Richard King and Gideon K. Lewis. David Shaw, Publishing Director Governance highlights include: Commerce State Bank 2020 BY KING'S HOME (FORMERLY THE KING'S RANCH AND HANNAH HOMES) King Ranch, Inc. (trading name, 2013-07-02 - ) Agent Name. For Immediate Release. Robert has been a highly capable CEO, who helped the Company diversify and Company Ownership: Closely Held production, horses, wildlife management and recreation, and the production of a number of agricultural commodities King Ranch is the largest ranch in the United States. Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the . 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. 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. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership 310 East Wildwood. Image credit: Chas S Middleton & Son. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. Each location will have a 25,000 square foot, 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. President, CEO and a member of the board for 10 years, and an employee for 36 years. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. Yarborough to take control of King Ranch's oil and gas business. Jeannie has been a board member of the Aspen Education Foundation since moving to Aspen six years ago. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. Kingsville, TX 78364 United States. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Private Independent Foundations (T22) We are in the resource-management business. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the 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. 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. Specific information related to the desired use of the grant ii. 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. 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. 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. Underbrink has been. He then bought the parcels and annexed them to the ranch. Main address. Tio Kleberg King Ranch Board of Directors. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Between 1869 and 1884, more than 100,000 head of cattle from King Ranch made the trip. 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. 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.
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