King of Coeur
MIKE PATRICK | Hagadone News Network | UPDATED 12 years, 3 months AGO
<p>CEO of Coeur Mining, Mitchell J. Krebs approaches the one year celebration of his current position in the company. Krebs was named CEO after holding several positions in the corporate development department at Coeur including Chief Financial Officer in 2008, a position which he held until his promotion to President and CEO. (Photo Gabe Green/Press)</p>
The title, the background, the income, the designation by Forbes as one of the most powerful young CEOs in all the land — they paint a very stark and stuffy picture of Mitchell J. Krebs.
For the past year, he’s been president and CEO of Coeur d’Alene Mines Corp., a giant in the precious metals world with revenue growing from $100 million a decade ago to $1 billion now. In just the past year, net revenue from metals sales has doubled.
Krebs earned his bachelor’s degree in economics at Penn’s prestigious Wharton School, then topped that with an MBA from Harvard. His business background has been nothing short of blessed, especially, he says, when he crossed paths years ago with a man from Coeur d’Alene named Dennis Wheeler.
Businessweek calculated Krebs’s 2011 fiscal year total compensation in the seven-figure range, somewhat above the median annual income in North Idaho.
And in February, Forbes compiled a list of the 20 most powerful CEOs in the U.S. who are 40 or younger — Krebs turned 41 last month— and Krebs weighed in at No. 6. That’s Mr. Mitchell J. Krebs, president, chief executive officer, director and member of the executive committee for Coeur.
But the minute that boyish grin flashes? And it does, regularly and brilliantly. Why, that’s Mitch.