Career
He has worked all of his life in various positions at his family's Coors Brewing Company, and he is a multimillionaire.
In 1997, Coors was granted an Honorary Doctorate from Johnson & Wales University. He is also a member of the university's Board of Trustees.
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, Coors 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.
He has served on the boards of U.S. Bancorp, H. J. Heinz Company, HOBY (Hugh O'Brian Youth Leadership) Colorado, and Energy Corp. of America. He is also involved in civic organizations such as the Denver Area Council of the Boy Scouts of America and the National Western Stock Show Association. Coors is also part of the ownership group of the Colorado Rockies.
Read more about this topic: Pete Coors
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