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Clement stated that Underbrink will remain President, CEO and a board member until a successor is announced. Tio and his wife Janell have 3 children, 6 grandchildren and reside at the King Ranch in Kingsville, Texas. This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. King Ranch, Inc., is a privately-held agricultural production and resource management company established in 1853. The board has helped this 126-year-old company stabilize the core business and diversify the revenue stream. Robert has brought to King Ranch. 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. Company Ownership: Employee-owned Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. 10 years.. The work of the EPC consists primarily of formulating, organizing, and presenting a variety of continuing education programs for the AAEP. 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). NTEE code info. 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. 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. This well, originating over 500 feet below ground, provided enough water to support all of the region's livestock and agriculture. 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. Henrietta King died in 1925, at the age of 92. In the 1950s the company went international. In 1867 King began using the Running W brand to mark his cattle. 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.