Fred Krehbiel once ran, with his brother John, their family’s Illinois manufacturing business, Molex, which produced electronics connectors. They sold the company for $7.2 billion in 2014 to the late industrialist David Koch and his brother, Charles,

Molex was founded by Fred Krehbiel’s grandfather in 1938, and Fred Krehbiel served as both co-chief executive officer and co-chairman before he retired.

Frederick A. Krehbiel has served as a director of Molex since 1972. Mr. Krehbiel has been Co-Chairman of the Board since 1999. From 1988 to 1999 he served as Vice Chairman and Chief Executive Officer, and as Chairman from 1993 to 1999. From 1999 to 2001 he served as Co-Chief Executive Officer and as Chief Executive Officer from 2004 to 2005. Mr. Krehbiel is a director of DeVry Inc. and Tellabs, Inc.