Mr. Clement graduated in 1979 from the University of Texas at Austin with a MBA in Finance and in 1976 from Tulane University with a B.A in Economics. He then held various positions with First City National Bank of Houston (including the Corporate Finance department and, ultimately, the Petroleum and Minerals group). In 1984, he joined King Ranch, Inc. where he attained the title of VP/Treasurer. From 1989 until today he has acted in the capacity of an independent financial consultant. 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. From 1999 until today he has served as Chairman of the Board of King Ranch, Inc. He serves on the boards of King Ranch, Inc.; Chairman of the Management Council of the King Ranch® Institute for Ranch Management; Houston Trust Company; and Merit Energy. He is a past member of the Madison Council of the Library of Congress, the Tom Lea Institute, The Kay Bailey Hutchison Center for Energy, Law & Business and Advisory Board of the University Texas Press.
