Pete Coors

Peter Hanson "Pete" Coors (born September 20, 1946) is an American businessman and politician. He formerly served as the Chairman of the Molson Coors Brewing Company and Chairman of MillerCoors.

Early life

Coors was born in Golden, Colorado. He is the great-grandson of Adolph Coors, the brewing entrepreneur, and the son of Holly Coors (née Edith Holland Hanson) and Joseph Coors. He graduated from Phillips Exeter Academy and then from Cornell University with a degree in engineering. A member of the Psi Upsilon Fraternity, Coors was elected to the Sphinx Head Society during his final year at Cornell. He also received his MBA from the University of Denver in 1970.

Career

Coors has worked all of his life in various positions at his family's Coors Brewing Company.

In 1993 Coors became vice chairman and CEO of the company, and in 2002 he was named Chairman of Coors Brewing Company and Adolph Coors Company. In 2004, Pete Coors "made $332,402 in salary and a $296,917 bonus as chairman of Adolph Coors. He also received 125,000 stock options with a potential value of $13 million," according to the Rocky Mountain News. However, he stepped down temporarily from these positions in 2004 to run for the US Senate. After the 2005 merger with Molson, Coors became a Class A Director in the newly formed Molson Coors Brewing Company. In October 2006, he was appointed by the University of Colorado Hospital Board of Directors as chairman of the board for the new University of Colorado Hospital Foundation.