Melton President and CEO to Donate $10 Million to Gustavus Adolphus Collegeby Jake Tully - Published: 1/15/2018
Gustavus Adolphus College alumni and current Melton Truck Lines President and CEO Bob Peterson alongside wife Cindy Peterson will donate a $10 million commitment to their alma mater’s Nobel Hall of Science, reports the college.
Scheduled to break ground in spring of 2018, funds from Peterson along with other funding provided to Gustavus Adolphus College will support the expansion and renovation of the Nobel Hall of Science.
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Peterson reports that $5 million of his donation will be put towards the renovation project, a project Peterson says is indicative of growing prosperity at the school.
"There's a momentum at Gustavus right now that's exciting," Peterson said. "I see positive things going on there every day and we're privileged to be in a position to be a part of it."
The second half of the donation from Peterson will be channeled towards the Robert A Peterson Distinguished Student Scholarship Fund, a scholarship established by Peterson and his wife in 2014.
"We're pleased to help close fundraising for the Nobel Hall project, but even happier to support high-caliber academics at the College through the National Merit Scholar program," said Peterson. "To me, the Gustavus community is built around hardworking, dedicated faculty and staff with an overwhelming sense of commitment to students. Together, we can make a difference."
According to sources from the college, Peterson Graduated from Gustavus in 1974 with degrees in economics and environmental studies and has served as President and CEO of Tulsa, Oklahoma-based Melton Truck Lines since 1991.