When an acquisition was canceled because of the financial impact of COVID-19, the board played a role in retaining employees who were preparing to leave when the acquisition was to be completed. 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. They began crossbreeding Brahman bulls native to India with their own Shorthorn stock. 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. As the 1990s opened, King Ranch faced a number of questions. From 1979 to 1988 he managed the South Texas Agricultural operations. He then bought the parcels and annexed them to the ranch. The City Council serves as the Board of Directors. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. One by one, the problems of running a growing ranch were addressed. Governance highlights include: Larsen Design Group Inc. All board members also participate in the ESOP communications and administration committee. Willie Pakebusch. King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. (832) 681-5700. CEO Robert Hodgen. Board of Directors - 2022. 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. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. Jamey Clement is a Retired Chairman of the Board of King Ranch, Inc., where he has also served as vice president and treasurer. 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. Dick Kleberg died in 1955. Agent Address. In 1976 Clement hired W.B. in Animal Science from Oklahoma State University and an MBA in Finance from The Wharton School of the University of Pennsylvania. 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). 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. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. Type of Private Board: Fiduciary 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. PHILADELPHIA--(BUSINESS WIRE)--Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit June 9-11, live online. 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. The King Ranch Community Facilities District will appear on your property tax statement from Maricopa County as "CFD - King Ranch". 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. books that might be critical omissions. 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. The company represents a colorful part of Texas history. Youth at Risk; DYS; . Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Tio retired from management after 35 years of service and was elected to the King Ranch Board of Directors in 1995 where he serves today. Directors / Officers. Term: 2018 - 2020. The result was a new breed, which they dubbed "Santa Gertrudis." In 1974 Bob Kleberg died after managing the company's operations for more than half a century. San Antonio, TX. Hodgen, 45, brings nearly 25 years of executive leadership and, KINGSVILLE, July. 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. Stephen "Tio" Kleberg was educated at Texas Tech University in Lubbock, Texas where he received a Bachelor of Science in Animal Science and Business, followed by two years of service in the United States Army as lieutenant. Approximate Annual Company Revenues: Under $100 million Robert has been an energetic and respected leader for the Company, commented John Alexander, who chairs the Bob Kleberg, the driving force behind the program, also became interested in thoroughbred racing horses. After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. These innovations included mechanized brush control methods, the identification of new and better grasses, and the development of better corrals for working cattle. All rights reserved. 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. The King Ranch itself covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. Robert Kleberg died in 1932, signaling a complete generational shift in the ranch's management. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. 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. Corporate management at the ranch predated Jack Hunt. expansion of the King Ranch Texas Kitchen restaurant concept. In 1969, he received a B. S. in Animal Science at Texas Tech University. 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. Jobs; . 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. 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. Yarborough to take control of King Ranch's oil and gas business. 78212-1756. Each independent board member serves on either the audit, governance and nominating, or management development and compensation committee. 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. He serves as a board member of the Texas State Historical . The event was postponed in 2020 due to the COVID-19 pandemic. Governance highlights include: C.G. In 1976 Clement hired W.B. As consumers, we often take for granted all the hard work that goes into building a great company. Henrietta King died in 1925, at the age of 92. We accept mature and experienced students with ranch management experience, and teach them . Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit on June 9, 2021. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Tio Kleberg King Ranch Board of Directors. Kleberg serves on the King Ranch Board of Directors, and is past president of the American Quarter Horse Association. King Ranch Inc. recently announced the appointment of J. Luther King Jr., of Dallas, to the King Ranch Inc. Board of Directors. Angel served honorably in the U.S. Army and California Army National Guard . Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. President, CEO and a member of the board for 10 years, and an employee for 36 years. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. 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. In 1974 Bob Kleberg died after managing the company's operations for more than half a century. 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. For Immediate Release. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Copyright 2023 King Ranch. 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. Duard King Boeing Dave Vogee Blaine Pubic Schools Rob Kline Project Manager . The GO debt and the O&M is . Phone: 832-681-5701 0. 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. . 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. King Ranch. The family is in its 7th generation, and we believe the time is right to proceed with Schmidt Regardless of its future path, the King Ranch name and its Running W brand would surely continue as one of the most widely recognized identities in the industry. Before joining King Ranch, Hodgen spent six years as [] Cotton farming was another area into which the company plunged with a fair amount of success. Members of the Cal Farley's board of directors volunteer their time, talents, leadership and prayers on behalf of the children and families whose lives Cal Farley's transforms every day. 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. I was just honored to be considered for the board. Tio Kleberg continued to run the ranch's day-to-day operations. Kingsville, TX 78364 United States. 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. David Shaw, Publishing Director Jeannie has been a board member of the Aspen Education Foundation since moving to Aspen six years ago. Founders of the organization sought to address the loss of historically significant ranch structures to time and the elements. The King Ranch Inc. board of directors announced Robert Hodgen will be the new president and chief executive officer of the company effective today. From 1971 to 1978 he managed the King Ranch cattle, wildlife, farm and horse operations. King also began to buy and sell cattle in huge numbers. Company Chairman James H. Clement commented, King Ranch and its family owners recognize the leadership Mr Duard King Tall Timber Ranch. Dick Kleberg died in 1955. . He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. Kleberg married King's daughter Alice the following year. Committees: Governance Plus (the plus refers to business succession), Finance/Audit, Risk/Cyber/Safety, Business Investment and Diversification. Approximate Annual Company Revenues: $350 million-$1 billion 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. Benjamin Espy, DVM, DACT. Smith's reign lasted only a year. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the U.S. Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. Jul 2020 - Present2 years 9 months. Underbrink has been . Email: dbivins@king-ranch.com, King Ranch Corporate Offices Best practices taken from public boards: a first-ever corporate sustainability report, a targeted DEI initiative, quarterly board meetings with separate executive session, board agendas focused on strategy and global issues rather than operational updates, focus on ESG, board members serve set terms, allowing for ongoing board refresh. King Ranch operates extensive turfgrass operations and is the majority owner of the largest citrus producer in the 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 He worked at the East Bay Regional Park District in a variety of positions for 38 years, beginning in 1974. On a trip through the Wild Horse Desert, King noticed a promising piece of land along the Santa Gertrudis Creek. The ranch covered more than 600,000 acres by this time. Both iterations of the board trained up the family members, who did not have governance backgrounds. 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. The boards of these companies were selected for recognition: Seven private companies were honored for governance excellence demonstrated by their fiduciary or advisory boards. Along the way, the ranch's selective breeding efforts intensified. In the September 25, 2001 agreement, appellant agreed and stipulated to extend the October 19, 2001 . 74-6044809. He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. It is mainly a cattle ranch, but also produced the Triple Crown winning . Contact: Board is made up of six independent board members and one family member (the chairman) and includes three women and one director of color. 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. That year, Jack Hunt, formerly the CEO of California's Tejon Ranch, was named president and CEO of King Ranch. King and Kenedy also used their shipping enterprise to supply the Confederate army. top of page. The board focuses on strategic issues and selecting advisors with specific skill sets to help management. 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. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. 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. 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. 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. Kingsville, Texas. 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. 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. As President, he serves as principal executive officer, reporting directly to the board of directors, presiding over board-of-director meetings when present. The awards honor the performance of the board as a whole. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. The board has established term limits for board members and their continued service is determined on the basis of their performance on the board. The King Ranch Saddle Shop, once exclusively a supplier of cowboy gear for the kinenos, went into the retail clothing and luggage business. 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. Sep 25, 2011. A complete timeline of King Ranch's History from founding to present including key milestones and major events.