NEW YORK--(BUSINESS WIRE)--
KKR & Co. L.P. (NYSE: KKR) today announced that Patricia F. Russo is
being appointed to the Board of Directors of KKR Management LLC, the
managing partner of KKR, and to the Board's Conflicts Committee,
effective April 15, 2011. Her appointment will bring the number of
independent directors on KKR's Board to five out of a total of seven
Ms. Russo, 58, served as chief executive officer of Alcatel-Lucent from
2006 to 2008. Prior to the merger of Alcatel and Lucent in 2006, she
served as chairman and chief executive officer of Lucent Technologies,
Inc. from 2003 to 2006, and as president and chief executive officer
from 2002 to 2003.
Ms. Russo is currently a director of Alcoa Inc., Merck & Co., Inc.,
General Motors Company, and Hewlett-Packard Company.
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), Thomas M.
Schoewe (former chief financial officer of Walmart), and Robert W.
Scully (former member of the Office of the Chairman of Morgan Stanley).
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.
Levin or Pam Testani
+1 877-610-4910 (U.S.) / +1 212-230-9410
Kravis Roberts & Co. L.P.
Peter McKillop or Kristi Huller, +1
Source: KKR & Co. L.P.
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