Chair, Audit Subcommittee
Peter Kovacs was born in Budapest, Hungary. In 1960 he immigrated to the United States and moved to San Diego, California. Kovacs graduated from San Diego State University in 1966 with a degree in chemistry. He also attended the Stanford University and ENSIAD (Fountainbleu, France) Executive Management Programs. In 1967, Kovacs joined the Kelco Company, a San Diego based specialty chemicals manufacturer and a Division of Merck & Co. Inc., as a laboratory chemist. After a series of domestic and international technical and business assignments, Kovacs was appointed President and CEO of the company in 1993.
Kovacs led the sale of Kelco to Monsanto in 1994. He was subsequently chosen to join the Monsanto Operating Council and to merge the Nutrasweet Company with Kelco, forming the $800 million food ingredient firm, which then became one of the largest industrial biotechnology companies, the Nutrasweet Kelco Company. He served as President and CEO until his retirement in 1997 after 30 years of service. He is currently serving on the Boards of Trustees of the Desert Research Institute and the San Diego Natural History Museum. Kovacs is a member of the American Chemical Society and the Institute of Food Technologists. Kovacs and his wife, Marilee, reside in Incline Village, Nevada.