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. As we move ahead, we will United States. Watch what Chance Muehlstein, King Ranch Institute for Ranch Management graduate student, has to share about his Parker Ranch internship this past summer. a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. 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 King Ranch Institute for Ranch Management, Caesar Kleberg Wildlife Research Institute. Henrietta King died in 1925, at the age of 92. 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. King Ranch's storied history: from cattle rearing to luxury hunting The City Council serves as the Board of Directors. 210.861.4765. benespy@icloud.com. Angel served honorably in the U.S. Army and California Army National Guard . First Flight Farm - Bio Benjamin Espy He also bought a stake in the Idle Hour Stable in Lexington, Kentucky, in 1946. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. including cotton, milo, sugar cane, almonds and pistachios and various vegetables. He serves as a board member of the Texas State Historical . 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. Responsible for overall supervision and control of all functions of Valor Ranch. 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. About Us - King Ranch Institute for Ranch Management After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. 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. Type of Private Board: Fiduciary PO Box 1090. Board of Directors - Valor Ranch Hodgen, 45, brings nearly 25 years of executive leadership and investment management experience in the agribusiness and food sectors to the role. 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. Yarborough to take control of King Ranch's oil and gas business. Henrietta King died in 1925, at the age of 92. Contact: CEO Robert Hodgen. The Texas Wildlife Association selected Bryant as the Texas Outdoorsman of the Year (2016) and he was inducted into the Texas Conservation Hall of Fame with Tio Kleberg, sponsored by the Texas Parks and Wildlife Foundation (2017). Tio Kleberg continued to run the ranch's day-to-day operations. Phone: 832-681-5701 Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Underbrink has been, KINGSVILLE Aug. 25, 2020 For Immediate Release Visitors will have to wait one more year for the 30th Annual King Ranch Ranch Hand Breakfast. Before joining King Ranch, Hodgen spent six . learn how over 7,000 companies got started! Houston, TX 77056 Principal Competitors: AzTx Cattle Company; Cactus Feeders Inc.; Lykes Bros. Inc. Underbrink has been . 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. As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. His buying trips frequently took him into Mexico. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. 10 years.. Board of Directors data for 2023 *with the ability to . The King Ranch itself, which 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. King Ranch History: Founding, Timeline, and Milestones - Zippia Officials with King Ranch Inc. announced today that the breakfast, a longstanding tradition in South, King Ranch Corporate Offices Official Website: . King also began to buy and sell cattle in huge numbers. Along the way, the ranch's selective breeding efforts intensified. Company Ownership: Family-owned James manages the ranch's horse operations and lives in a bungalow near . Approximate Annual Company Revenues: $100 million-$350 million Company Ownership: Family-owned . production, horses, wildlife management and recreation, and the production of a number of agricultural commodities Services. Although King Ranch management maintained that the suit had no merit, its legitimacy was upheld in appellate courts and went under review of the Texas Supreme Court. And we all feel we have a lot of resources to manage.". Is King Ranch a real ranch? (Some members of management team are also on committees.). 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. Having been raised on a large-scale grain and cattle farm, the ag sector is what I know and love. Known for; Roger L. Jarvis: Business: c. 1954 : CEO of Spinnaker Exploration, 1996-2005: CURRENT BOARD MEMBERS OR DIRECTORS. 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. (832) 681-5700. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. . In 1974 Bob Kleberg died after managing the company's operations for more than half a century. 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. 74-6044809. 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. James H. Clement, Jr. | Houston Trust Company Spade Ranch | Ellsworth NE - Facebook 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,". Parker Ranch, Inc. is the for-profit corporation that owns and operates the assets of the cattle ranch, real . As the company developed its Santa Gertrudis cattle, it also engaged in the King Ranch Quarter Horse program. Their descendants, who became known as kiñ-os (King's men), have formed the core of the King Ranch work force ever since. Immediate Past Chairman: Forrest DeBuys . current President and Chief Executive Officer, Robert J. Underbrink, 59, of Houston, Texas. 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. Directors / Officers. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Leroy Denman, a longtime company affiliate, was elected chairman of the board in 1990. Governance highlights include: Commerce State Bank King Ranch Descendants Named to List of Biggest Landowners in U.S. King Ranch Inc. appoints new board member | News | kingsvillerecord.com The King Ranch Institute for Ranch Management teaches graduate students using a multi-disciplinary, systems approach to ranch management. 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. 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. Headquartered in Texas and owner of the historic 825,000 acre King Ranch, its operations include cattle breeding and production, horses, wildlife management and recreation, and the production of a number of agricultural commodities including cotton, milo, sugar cane, almonds and pistachios and various vegetables. In 1938 he bought Kentucky Derby winner Bold Venture as a foundation sire for the ranch's thoroughbred breeding program. Three Riverway, Suite 1600 Company Ownership: Family-owned He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. 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. . From its beginnings in the mid-19th 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. This well, originating more than 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. the top of most pages, or via the "Related Topics" box in the sidebar. King Ranch Inc. CEO Robert Underbrink to retire, Robert Hodgen hired as 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. King Ranch. Board of Directors The Forgotten Children's Fund pursue new opportunities in turfgrass, permanent nut crops, and branding joint ventures. Type of Private Board: Fiduciary Houston, TX 77056 COMPANY. Cowboys Working in the Laureles Division - King Ranch Saddle Shop Tio graduated from Texas Military Institute in 1964. STEVE CHILDERS v. KING RANCH, INC. AND JACK HUNT--Appeal from 105th Houston, TX 77056 As consumers, we often take for granted all the hard work that goes into building a great company. 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. That year, a King Ranch horse, Assault (a son of Bold Venture), won horse racing's Triple Crown. 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. 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. They join other board members Michael W. Gibson, Warren H. Haruki, Robert L. Hind III, Timothy E. Johns, David H. McCoy (Board chairman), Brendan G. Moynahan, Randolph G. Moore, Herbert M. (Monty) Richards Jr., and Arthur C. Tokin. California Cattle Council Board - California Cattle Council