NEW YORK--(BUSINESS WIRE)--
KKR & Co. L.P. (NYSE: KKR) today announced that John B. Hess has been
appointed to the Board of Directors of KKR Management LLC, the general
partner of KKR. His appointment, effective July 28, 2011, brings the
number of independent directors on KKR's Board to six out of a total of
eight Board seats.
Mr. Hess, 57, is the chairman and chief executive officer of Hess
Corporation, where he has served in those roles since 1995 and as a
director of Hess Corporation since 1978. He has been a director of Dow
Chemical Co. since 2006 and also serves on the Business Council, the
Trilateral Commission and the Council on Foreign Relations.
Mr. Hess also serves as a member of the Board of Directors of Lincoln
Center for the Performing Arts, and as a member of the Board of Trustees
at the New York Public Library, Mount Sinai Hospital, the Wildlife
Conservation Society / NY Zoo, and the Center for Strategic and
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), Patricia A.
Russo (former chief executive officer of Alcatel-Lucent), 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 March 31, 2011. 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.
Kristi Huller, 212-230-9722
Source: KKR & Co. L.P.
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