NEW YORK--(BUSINESS WIRE)--
KKR & Co. L.P. (NYSE: KKR) today announced that Thomas M. Schoewe is
being appointed to the Board of Directors of KKR Management LLC, the
managing partner of KKR, and its Audit Committee and Conflicts
Committee, effective on March 14, 2011.
Mr. Schoewe, 59, is the former executive vice president and chief
financial officer of Wal-Mart Stores, Inc. In this position, he was
responsible for accounting and control, business planning and analysis,
internal auditing, treasury and tax. Before Wal-Mart, he served as
senior vice president and chief financial officer of Black and Decker
Corp., a position he held from 1993 to 1999. Prior to his work at Black
and Decker, he served as chief financial officer of Beatrice Consumer
Durables, a division of Beatrice Companies.
Mr. Schoewe is currently a member of the Board of Directors of
PulteGroup (NYSE: PHM) and a trustee for The First Tee Foundation, a
charitable youth organization. A member of Financial Executives
International, Mr. Schoewe holds a Bachelor of Business Administration
degree in Finance from Loyola University of Chicago.
KKR's other independent directors include Joseph A. Grundfest, Stanford
Law Professor and former Commissioner of the Securities and Exchange
Commission, Dieter Rampl, Chairman of Unicredit Group, and Robert W.
Scully, former member of the Office of the Chairman of Morgan Stanley,
who were appointed on July 15, 2010.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a
leading global investment firm with $61.0 billion in assets under
management as of December 31, 2010. With 14 offices around the world,
KKR manages assets through a variety of investment funds and accounts
covering multiple asset classes. KKR seeks to create value by bringing
operational expertise to its portfolio companies and through active
oversight and monitoring of its investments. KKR complements its
investment expertise and strengthens interactions with investors through
its client relationships and capital markets platforms. KKR is publicly
traded on the New York Stock Exchange (NYSE: KKR). For additional
information, please visit KKR's website at www.kkr.com.
Kohlberg Kravis Roberts & Co. L.P.
Tel: +1 877-610-4910 (U.S.) / +1
Peter McKillop or Kristi Huller
Tel: + 1
Source: KKR & Co. L.P.
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