NEW YORK--(BUSINESS WIRE)--
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR")
today announced the appointment of Tony De Nunzio CBE as a Senior
Advisor to the Firm. Mr. De Nunzio is currently the Non-Executive
Chairman of Maxeda, a Netherlands-based retail group, which he led as
Chief Executive Officer from 2005 to 2011. He is also Non-Executive
Chairman of Pets at Home, the U.K.'s leading specialty pet product
retailer, and a Non-Executive Director of Alliance Boots, a leading
international, pharmacy-led health and beauty group. In this new role,
Mr. De Nunzio will also serve on the Firm's private equity portfolio
management committee, which interacts with company management and
monitors all of KKR's private equity investments.
Johannes Huth, a Member of KKR and head of the Firm's European
operations, said, "Over the years, we have come to know Tony well
through his leadership roles at Maxeda, Pets at Home and Alliance Boots,
all KKR investments. We have time and again been impressed by his
profound financial and operational knowledge and his understanding of
how to achieve results within complex, global companies. We are very
pleased he will bring his expertise to bear on our current and
prospective investments as a Senior Advisor to the Firm."
"KKR's spirit of partnership, commitment to driving operational value
within its portfolio companies, and extensive network of resources are
unique," said Mr. De Nunzio. "Maxeda is a textbook example of how
private equity can help build better businesses, and I look forward to
applying my management and retail experience as a Senior Advisor to
support the Firm's other investments," Mr. De Nunzio said.
Before joining Maxeda in 2005, Mr. De Nunzio was from 2002 to 2005
President and CEO of Asda Group Ltd., the U.K.'s second largest
supermarket chain and a Wal-Mart subsidiary, where he previously served
as the company's Chief Financial Officer. Prior to joining Asda, Mr. De
Nunzio worked in the international consumer goods sector for Unilever,
L'Oreal and Pepsi in a number of financial roles. He is a qualified
Chartered Management Accountant.
Mr. De Nunzio is Chairman of the Advisory Board of Manchester Business
School. In 2004, he received the IGD award for Outstanding Business
Achievement and was awarded a CBE in the Queen's New Year's Honours List
for services to retail in 2005.
KKR's Senior Advisors are part of the Firm's integrated model of value
creation. They include current and former senior executives who bring
unique leadership skills to complement the work of KKR investment
professionals and the operational executives at KKR Capstone, and serve
as liaisons to manage relationships with current and future investment
Founded in 1976 and led by Henry Kravis and George
Roberts, KKR is a leading global investment firm with $61.9 billion in
assets under management as of June 30, 2011. With 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 platform. KKR is publicly
traded on the New York Stock Exchange (NYSE:KKR). For additional
information, please visit KKR's website at www.kkr.com.
(0)20 7251 3801
Source: Kohlberg Kravis Roberts & Co. L.P.
News Provided by Acquire Media