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Houston, TX 77056 Kingnow covers 825,000 acresmore land than the state of Rhode Island. 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. 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. Corporate Governance and Nominating Committee which will be guiding the Boards search effort. 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. Underbrink has been President, CEO and a member of the board for 10 years, and an employee for 36 years. San Antonio, TX. "Tio" Kleberg was born in Austin, Texas, to Richard M. Kleberg Jr. and Mary Lewis Scott Kleberg. The company is transforming itself into a holding company with the newspaper at the center. Discover King Ranchs Affiliated Websites, Discover our legacy of handcrafted quality, Drive the bold ruggedness of the King Ranch Ford Truck, Find the highest quality turfgrass for your lawn, Explore the best bermuda greens grasses for golf courses, King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Yarborough to take control of King Ranch's oil and gas business. These four Divisions are located in six South Texas counties: Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy. 78212-1756. Dr. Espy has a solid resume of experiences and service to the veterinary profession . Director Waespi served on the Castro Valley Sanitary District Board of Directors from 1999 to 2011 and on the Hayward. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Smith's reign lasted only a year. Copyright (c) 2022 Company-Histories.com. Phone: 832-681-5701 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. In addition, he is the equine veterinarian for King Ranch and has served on the King Ranch Board of Directors. 5-member advisory board is diverse and includes just one family member (Raj Gupta, the executive chair). 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. 4 years ago. Kingsville, TX 78364 | View on Google Maps. current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. Kingsville, Texas, United States. Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. 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. 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. Robert has been a highly capable CEO, who helped the Company diversify and more than 50,000 books and 120,000 other kinds of references. 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. 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. 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. i. Growth has been aggressively pursued. Type of Private Board: Fiduciary "I was surprised when I got a call, and honored," King said Friday. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. Type of Private Board: Fiduciary Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. Company Ownership: Family-owned He then bought the parcels and annexed them to the ranch. To get the company back in the black, Kleberg turned to petroleum. 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). To learn more, visit www.privatecompanydirector.com. Copyright 2023 King Ranch. 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. Board Certified Equine Reproduction. 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. Tio Kleberg King Ranch Board of Directors. Tio Kleberg continued to run the ranch's day-to-day operations. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Three Riverway, Suite 1600 Mrs. King's death brought about a web of complications stemming from the division of her estate, high estate taxes, and various debts. Chairman: Kevin Borie. Under Kleberg's management, operations at the ranch were streamlined and made more efficient. Specific information related to the desired use of the grant ii. Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. Name Occupation Birth DeathKnown for; Ray L. Hunt: Business: 6-Apr-1943 : Chairman of Hunt Oil . 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 bank was able to pivot in the face of COVID-19 to work-from-home arrangements and, most impressively, to drive-thru mortgage closings. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. By late 1989, Coker had completed a draft ready to be sent out for peer review, a standard practice whereby academic . Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. expansion of the King Ranch Texas Kitchen restaurant concept. 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. 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. 109. All rights reserved. Image credit: Chas S Middleton & Son. 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. Chartered as a Texas non-profit corporation in 1969, the Association's stated purpose was to preserve the physical, social and cultural aspects of ranching and to perpetuate the traditions intrinsic values and history of one of our nation's most important industries. 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. He serves as a board member of the Texas State Historical . 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). 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. 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. top of page. Is King Ranch a real ranch? The Company operates various retail operations, including the famous King Ranch Saddle Shop, and has This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. The ranch covered more than 600,000 acres by this time. 2, 2021, For Immediate Release King Ranch Inc. announced Friday that the 30th Annual Ranch Hand Breakfast will be held on November 20, 2021. Hodgen also served on Amerra's board of . King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. Board of Directors data for 2020 *with the ability to download the data for 2019 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 King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. January 14, 2021. In 1988, seeing a need to diversify, the family hired Darwin E . 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 the 1950s the company went international. 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. 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. 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.

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