The Peterson Cos. announced Tuesday that Jon Peterson, one of Milt’s sons, has been elevated to CEO of the Fair Lakes-based company, while Rick Peterson, another son, will serve as chairman of a newly created investment board to oversee the firm’s non-real estate holdings. Both have been with the company for more than 25 years.
Peterson Cos., a private family-run business, has also formed a five-person governing board to provide oversight “to make sure the real estate and non-real estate sides stay on the tracks,” Jon Peterson told me in an exclusive interview.
That board will consist of Jon and Rick Peterson, Foulger-Pratt Cos. Chairman Bryant Foulger and Inova Center for Personalized Health CEO Todd Stottlemeyer. The fifth member has not been announced.
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