Mr. Howard M. “Pete” Love, a successful business and civic leader, died at his home in Pittsburgh, Pa. on Wednesday, November 16, 2011 of Parkinson’s disease. He was 81 years old.
He was the son of Margaret McClintic Love and George Hutchinson Love of Pittsburgh. He attended Phillips Exeter Academy. He graduated from Colgate University with a Bachelor of Arts degree.
After serving as a lieutenant in the U.S. Air Force, where he was awarded the Commendation Medal, Mr. Love received his Master’s Degree in Business Administration from Harvard Business School.
Mr. Love began his career in the steel industry as a sales trainee at the Great Lakes Steel Division of National Steel Corporation in 1956. He worked in the metallurgical, operating and sales departments before becoming assistant to the president of Great Lakes Steel Corporation in 1965. In 1966, Mr. Love was named president of the Midwest Steel Division. Early in 1972 he also became president of the Granite City Steel Division, Granite City, Illinois, which was acquired in mid-1971. A major part of his dual responsibility was to integrate the operations of the two divisions so they could operate effectively in tandem.
Mr. Love was elected president and chief executive officer of National Steel Corporation in 1978. He subsequently became chairman of the board in 1981, and continued to serve as chairman, president, and chief executive officer. Mr. Love boldly diversified the company selling half of the steel company to NKK, a large Japanese steel concern. He also spun off Weirton Steel and sold it to the Weirton employees which became the largest employee buyback at the time.
He later acquired the Foxmeyer drug distribution company in 1986. In 1991, Mr. Love retired as chief executive officer.
In 1984, Mr. Love served as a member of the President’s Commission on Industrial Competitiveness. He was a past member of the Business Council and Business Roundtable and an honorary vice president of the American Iron and Steel Institute. His business directorships included Solutia, Inc., TWA, COMSAT, Hamilton Oil Corp and AEA Investors.
He was a board member of the following civic and educational organizations: Trustee and Vice Chairman of the Board of University of Pittsburgh ; Board of Visitors at University of Pittsburgh Graduate School of Business; Trustee and Vice Chairman of the Board at Colgate University; Trustee at Phillips Exeter Academy; Trustee at Miss Porters School; Trustee – The Carnegie Institute; Trustee – Howard Heinz Endowment; Director - The Pittsburgh Ballet; Director – The Pittsburgh Symphony; Trustee – Penn Southwestern Association; Director - United Way of Allegheny County; Director – Greater Pittsburgh Chamber of Commerce; Carnegie Museum of Natural History; Chairman – Allegheny Conference on Community Development; Executive Board – Allegheny Trails Council, Boy Scouts of America; Director - United Way of Allegheny County; former president of Laurel Valley Golf Club; member of Augusta National Golf Club, Cypress Point Club, Duquesne Club ,Rolling Rock Club, Mill Reef Club and The Pittsburgh Golf Club
Mr. Love lived in both Pittsburgh and Lake Placid. He was the beloved husband of Jane (Vaughn) Love; father of Marion Love Couzens (Bill), George Hutchinson Love II, Howard McClintic Love Jr. (Harriet), Jane Love McGraw (Jay) and Victoria Love Salnikoff (Yuri); grandfather of Maeve and Ian Couzens, Madeline, Natalie and George Love III, Annabel, Peter and Kirk Love, Janie, Libby and Virginia McGraw, Nicholas, Alexander and Katherine Salnikoff; and brother of Peggy Stevens and Sally Downey.
Friends will be received from 4 to 7 p.m. Friday at the Love Family Residence. Funeral will be at 11 a.m. Tuesday in Calvary Episcopal Church.
Memorial contributions can be made to the Love Family Foundation Chair for Parkinsons Disease Research. Please contact Jim Olsen, Pittsburgh Institute for Neurological Disease , Forbes Tower, Suite 8084, 3600 Forbes Avenue, Pittsburgh, PA 15213 (412) 647-7781