In the 21st century, it's not just urns and gravestones anymore. Molex started in 1937 as a supplier of plastic made out of coal tar pitch, asbestos and fiberglass for everyday items like flowerpots. Krehbiel served on the boards of numerous companies, nonprofit organizations and civic groups, including Northern Trust, the Chicago White Sox, the Art Institute of Chicago and the Chicago Zoological Society. Fred Love "Pete" Krehbiel died October 19 at Northwestern Memorial Hospital in Chicago. Send Flowers. j = el.length; "We were the first U.S. company, at least in the connector space, to go there," said Martin Slark, a former Molex CEO. Your email will not be used for any other purpose. Fred is remembered for his integrity, work ethic, sense of humor, creativity, positive attitude, humility, generosity, and his love of travel and Irish art. while (--j >= 0) Aurora woman sentenced to eight years in prison for drug-induced homicide, Kathy Lynch, owner of Kouts clinic, found guilty of tax evasion by federal jury, 20th Ward race: With outright win, voters tell incumbent Ald. With the help of his teachers at Avery Coonley School, who recognized that he learned differently, he overcame this challenge and developed a lifelong passion for reading and learning. Two years later, he started the companys international division, and he was president of that unit for much of the 1970s and 80s. There are no events at this time. In particular, it means we can afford to take a long-term view without worrying about quarterly results or being pushed out if we do something unpopular.. el[j].innerHTML = out; He was 80. He was happiest when reading a good biography, playing with his grandchildren, working on his photo albums, or planning the next big adventure with family and friends. He was 80. l = ['>','a','/','<',' 109',' 111',' 99',' 46',' 121',' 116',' 101',' 105',' 99',' 111',' 115',' 110',' 97',' 105',' 103',' 114',' 111',' 101',' 103',' 104',' 115',' 105',' 114',' 105',' 64',' 111',' 102',' 110',' 105','>','\"',' 109',' 111',' 99',' 46',' 121',' 116',' 101',' 105',' 99',' 111',' 115',' 110',' 97',' 105',' 103',' 114',' 111',' 101',' 103',' 104',' 115',' 105',' 114',' 105',' 64',' 111',' 102',' 110',' 105',':','o','t','l','i','a','m','\"','=','f','e','r','h','a ','<'], He became a certified scuba diver in high school and earned his pilot's license in college. A unique and lasting tribute for a loved one. A competitive ski racer in high school and college, skiing remained a lifelong passion. "The two of them worked very collaboratively you don't see that often in family businesses," said Slark, who described Fred as a big-picture recruiter and developer of personnel and John more detail-oriented. Fred Krehbiel died at age 84 years old on July 11, 1998. But Krehbiel returned briefly to the post after an accounting dispute in 2004 with its auditor Deloitte. All Rights Reserved. But through sign language and a little bit of English, I got the impression that they were interested in our products, (though) we would have to make them there. Bill helped Fred to develop a can-do attitude, a creative spirit and an ability to connect with people from all walks of life. He was 80. As a boy, Fred struggled with dyslexia before it was widely understood. Krehbiel was the nephew of legendary Chicago White Sox owner Bill Veeck and was born near Downers Grove, Illinois, according to an obituary by The Chicago Tribune. Oscar winner Robert De Niro is heading to Netflix in his first TV series as the star and executive producer of the conspiracy thriller Zero Day. [CDATA[*/ Two years later, in response to inquiries from overseas companies looking to purchase connectors, Freds father, who was then at the helm of Molex, asked him to start an international division. Pete's career was with Molex Inc., a worldwide leading manufacturer of electronic, electrical, and fiber optic interconnection systems. With. By the time Krehbiel became CEO, Molex depended on international orders for 78 percent of its sales. When Molex was sold to Koch Industries in 2013, its revenue was $3.6 billion. Fred was an active civic leader who served on the boards of The Northern Trust Company; Tellabs, Inc.; DeVry, Inc.; W.W. Grainger; Nalco Chemical Company; the Chicago White Sox; the Chicago Zoological Society; Rush University Medical Center; the Art Institute of Chicago; the Chicago Symphony Orchestra; the Chicago Lyric Opera; the Chicago History Museum; the World Wildlife Fund; the Hinsdale Community House; the Museum of Science and Industry; The Foundation Board of Trinity College Dublin; The Taft School; Lake Forest College; and Avery Coonley School. He joined in 1981 as an intern, working in the summers throughout high school. All five of New York's winter pro teams made notable trades in February for various reasons. After serving as president of Molex International for much of the 1970s and 1980s, he became CEO in 1988 and subsequently co-chairman along with his brother, John, until Molex was sold to Koch Industries in 2013. In its first year, Molex International generated $54,000 in revenue. Fred Krehbiel Death - Dead, Obituary, Funeral, Cause Of Death, Passed Away: On June 4th, 2021, InsideEko Media learned about the death of Fred Krehbiel through social media publications made on Twitter. What kind of arrangement is appropriate, where should you send it, and when should you send an alternative? while (--i >= 0) Food has always been a go-to for people in mourning. We are sad to announce that on June 3, 2021 we had to say goodbye to Frederick Krehbiel (Chicago, Illinois). Frederick August Krehbiel, former CEO and co-chairman of Molex Inc., passed away peacefully, with his two sons by his side, at Hinsdale Hospital June 3, 2021, after a brief illness. All Rights Reserved. Slark recalled Krehbiels energy, communications skills and focus on people. /*]]>*/. (Kim Kardashian and Kanye West spent their honeymoon there). Krehbiel, 80, died of cardiac arrest on June 3 at Hinsdale Hospital, said his son, Liam. You can still show your support by sending flowers directly to the family, or plant a tree in memory of Frederick August Krehbiel. Molex was one of the first US companies to establish a presence in Japan and subsequently expanded to Mexico, South America, Europe, China, and Southeast Asia. Please accept my condolences . Deloitte had demanded the removal of King and the CFO over inventory accounting issues the auditor said overstated Molexs income. After Japanese consumer brands like Sony prospered in the U.S., Molex was in the vanguard of domestic firms taking the reverse route Matsushita was its initial customer in Japan. Missing Crain's in print? j = el.length; I am so sorry, John. The company went public in 1972. Do you have some thoughts you'd like to share with our readers? Echovita Inc is a registered trademark. If you know of an upcoming event for Frederick Krehbiel, please add one. i = l.length, Fred is survived by his wife, Kay; his two sons, Liam (Karen) and Jay (Silvia); five grandchildren, Jack, Morgan, Anthea, August, and Adele; his brother, John; and many loving nieces and nephews. Do you have an opinion about this story? In 1965, Krehbiel joined Molex. It's surprising how much a musical selection can affect mourning. Deloitte had demanded the removal of King and the chief financial officer over inventory accounting issues the auditor said overstated Molex's income. Fred went on to graduate from Downers Grove North High School in 1959 and Lake Forest College in 1963 with a bachelor’s degree in political science.

In 1965, Fred joined Molex, a manufacturer of electronic interconnecting products that was founded by his grandfather. 7 W. First St.Hinsdale, IL 60521[emailprotected]Ph: (630) 323-4422, Powered by ROAR Online Publication Software from Lions Light Corporation Send . Fred is survived by his wife, Kay; his two sons, Liam (Karen) and Jay (Silvia); five grandchildren, Jack, Morgan, Anthea, August, and Adele; his brother, John; and many loving nieces and nephews. . Receive obituaries from the city or cities of your choice. In 1965, Krehbiel joined Molex . Molex was one of the first US companies to establish a presence in Japan, and subsequently expanded to Mexico, South America, Europe, China and Southeast Asia. You cant rush craftspeople. var out = '', Copyright 2023. The brothers had both served as co-chairmen since 1999, but once they got into their 70s, they wanted to retire. To suggest a staff-written obituary on a person of local interest, email chicagoland@chicagotribune.com. As a boy, Fred struggled with dyslexia before it was widely understood. (80 years old). Echovita Inc is a registered trademark. Sending love- Wendi. To plant trees in memory, please visit the. Info., 773-581-9000.Sign Guest Book at legacy.suntimes.com. Chicago, IL 60601 Irish Georgian Foundation operating as Irish Georgian Society. N bheidh a leithid ann ars. Chicagoans celebrated with Fred and Kay Krehbiel following his keynote talk on the restoration of Ballyfin, their five-star luxury hotel in the center of Ireland at the prestigious show held at the Nashville Music Center. Read more about the life story of Frederick and share your memory. Here are the best shows hitting Netflix this month. Fred spent many summers with Bills family at the ballpark and at their homes in Maryland and New Mexico. Our thoughts are with his family at this sad time. Over the next four decades, Molex's international operations grew to more than $2 billion in revenue. Adams faces social and monetary consequences after making racist comments online. Frederick A. Krehbiel was the former CEO of Lisle-based Molex. As a boy, Fred struggled with dyslexia before it was widely understood. Fred went on to graduate from Downers Grove North High School in 1959 and Lake Forest College in 1963, with a bachelor's degree in political science. Fred was born in 1941 near Downers Grove to Margaret (Veeck) and John Krehbiel. Outside of Molex, Fred Krehbiel owned the sailboat Insatiable that won the Chicago Yacht Club to Mackinac Race in 1989. Authorize the publication of the original written obituary with the accompanying photo. /*

In addition to his career at Molex, Fred founded Ballyfin, an award-winning hotel in Ireland; co-owned MT Sobek, a leading adventure travel company; and owned the sailboat, Insatiable, which won the 1989 Chicago to Mackinac Race and represented the United States at the 1987 Admiral’s Cup Regatta. Frederick Krehbiel, a former CEO of Molex and a Republican Party stalwart, died June 3 at Hinsdale Hospital, according to the Lisle, Ill.-based company. He was extremely family-focused and was a wonderful photographer, a combination that led him to produce a hardbound book of photographs commemorating the year's highlights of shared times together for each immediate and extended family member.Widely known for his generosity, he hosted numerous large annual events to benefit a host of charitable organizations. These aims are achieved through its scholarly and conservation education programmes, through its support of conservation projects and planning issues, and vitally, through its members and their activities. 1941 - 2021. He was 80. Frederick A. Krehbiel was the former CEO of Molex, a Lisle-based electronic components company that his grandfather founded in 1938, and oversaw its sale for $7.2 billion in 2013 to Koch Industries Inc. Krehbiel helped make Molex a truly global organization well ahead of many larger American companies, said Martin Slark, who joined Molex in 1976 and was its CEO from 2005 until 2018. Of Lisle-based Molex from all walks of life 19, 2020, fred Krehbiel please. ) and John Krehbiel interest, email chicagoland @ chicagotribune.com and his brother John president! Racist comments online Hospital in Chicago Grove, Krehbiel was the nephew legendary! 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