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. Krehbiel, Fred Love "Pete"Fred Love "Pete" Krehbiel,January 17, 1965 - Oct 19, 2020Chicago Philanthropist, Molex Executive Who Valued FamilyFred Love "Pete" Krehbiel died October 19 at Northwestern Memorial Hospital in Chicago.Pete's career was with Molex Inc., a worldwide leading manufacturer of electronic, electrical, and fiber optic interconnection systems. Molex this time reassigned the officers and took a write-off, while insisting that its audit committee found no wrongdoing. The company went public in 1972. Deloitte had demanded the removal of King and the chief financial officer over inventory accounting issues the auditor said overstated Molex's income. I just went over with a bag (of products) I didnt speak Japanese, and very few of them spoke English. 130 E. Randolph St. He bought the 600-acre plot in 2002 for a reported $7 million and has since spent millions more restoring its 15 rooms that bring in rates as much as $1,500 per night. Pete retired from Molex when the company was sold in 2013with more than 20 patents for his designs under his belt. ChatGPT Swears It Can Optimize Your Inventory. Grief researchers say holding that missing funeral service, even a year or more later, can still help us heal. He developed a luxury hotel property in Ireland, where he had long maintained a home with his Ireland-born wife, Kay. Contributions can be directed to Rush Office of Philanthropy, 28057 Network Place, Chicago, IL 60673-1280 or http://rush.convio.net/FKrehbiel.
. Fred was actively involved in so many different organizations and he was really engaged in all of them, Slark said. Sending my love to the entire family and those close to him. Republican Sen. Mike Lees Twitter Account Briefly SuspendedAnd Its Not Clear Why, Saudi Investment Chief Ordered To Appear In Court As PGA-LIV Golf Legal Drama Heats Up, Netflix Announces Robert De Niro Limited Series Zero Day, The 10 Best Shows Added To Netflix In March 2023, Frontier Airlines Becomes More Family Friendly With Seating Policy, A Psychologist Offers Advice On How To Repair A Family Rift, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Make sure relatives of Fred Krehbiel know they have sympathy messages here. To suggest a staff-written obituary on a person of local interest, email chicagoland@chicagotribune.com. It hit pay dirt with injection molded translucent snap-in plugs that became a familiar computer hardware accessory. 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. 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 Admirals Cup Regatta. Krehbiel, 80, died of cardiac arrest on June 3 at Hinsdale Hospital, said his son, Liam. Expand the Memories and Condolences form. He had been a Hinsdale resident. 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. 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. 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. Fred went on to graduate from Downers Grove North High School in 1959 and Lake Forest College in 1963 with a bachelors degree in political science. There are no events at this time. Sign the Guest Book. There is no photo or video of Fred Krehbiel.Be the first to share a memory to pay tribute. Copyright 2023 Echovita Inc. All rights reserved. He joined in 1981 as an intern, working in the summers throughout high school. For those who wish to make a memorial gift, in lieu of flowers, the family suggests that donations be made to support the Lung Cancer Research Fund at Rush University Medical Center. All five of New York's winter pro teams made notable trades in February for various reasons. I'm so sorry for the loss of your loved one. He never came back, and he died two years. She survives, as does another son, Jay, and his brother John. September 3, 1938 - July 23, 2022. Krehbiel was a nephew of former White Sox owner Bill Veeck and as a youthpreferred moonlighting at Comiskey Park topursuing summer work at Molex, where his older brotherJohnwas assumed to be the heir apparent. In retirement, Krehbiels most ambitious endeavor was buying Ballyfin, a 19th-century neoclassical manor estate in County Laois, Ireland, about 60 miles southwest of Dublin, and restoring and converting it into an award-winning hotel. Authorize the publication of the original written obituary with the accompanying photo. Staying current is easy with Plastics News delivered straight to your inbox, free of charge. Grief Support. 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. Krehbiel and his brother John, president since 1975, were named co-chairmen in 1999, titles they held until the company was sold. Prepare a personalized obituary for someone you loved.. June 2, 1941 - 2 Thessalonians 2:16,17. We report news, gather data and deliver timely information that provides our readers with a competitive advantage. [CDATA[*/ Missing Crain's in print? He came to lead the company after internationalizing the electronics industry supplier, boosting sales. (80 years old). We are sad to announce that on June 3, 2021 we had to say goodbye to Frederick Krehbiel (Chicago, Illinois). j = el.length; The vision of the Irish Georgian Society is to conserve, protect and foster a keen interest and a respect for Irelands architectural heritage and decorative arts. The Milwaukee Bucks are trying to rediscover corner magic and weaponize the three-point shot in their offense. Molex expanded into medical molding in 2016 with the acquisition of Phillips-Medisize Corp. Krehbiel was a nephew of former White Sox owner Bill Veeck and as a youth preferred moonlighting at Comiskey Park to pursuing summer work at Molex, where his older brother John was assumed to be the heir apparent. Frederick Krehbiel, a former CEO of Molex and a Republican Party stalwart, died June 3 at Hinsdale Hospital, according to the Lisle-based company. He was 80. As a boy, Fred struggled with dyslexia before it was widely understood. In the 21st century, it's not just urns and gravestones anymore. Krehbiel,the namesake and grandson of Molex's founder,was theson of former CEO John Krehbiel Sr. His son, Liam, said he suffered a heart attack and hadbeendiagnosed with lung cancer nine years ago. Click below to see everything we have to offer. Outside of Molex, Fred Krehbiel owned the sailboat Insatiable that won the Chicago Yacht Club to Mackinac Race in 1989. The two-story Classical Revival-style mansion in Hinsdale that the late Frederick Krehbiel, who co-led Lisle-based Molex, owned until his death sold on May 18 for $7.5 million. "We were the first U.S. company, at least in the connector space, to go there," said Martin Slark, a former Molex CEO. And, he was an avid reader of science, technology, and world affairs, and he especially loved science fiction.Pete is survived by his parents, John H. Krehbiel Jr. and Posy Krehbiel; John's wife, Karen Gray-Krehbiel; his brother, Yaz (Kate) Krehbiel; his sister Meg Krehbiel; his fianc, Amy Halvorsen; and his nieces and nephews. 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