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March 27, 2012
New York, March 27, 2012 - Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") today announced the appointment of John J. Mack, former Chairman and Chief Executive Officer ("CEO") of Morgan Stanley, as a Senior Advisor to the firm.
Henry R. Kravis, Co-Founder and Co-Chief Executive Officer of KKR, stated: "John Mack is a great leader who we believe will add enormous value to KKR's investors, partners and our portfolio. He will help make us smarter investors and strengthen our firm."
Mr. Mack served as chairman of Morgan Stanley from 2005 to the end of 2011 and CEO from 2005 to 2010. Prior to his role as CEO at Morgan Stanley, he served as chairman of Pequot Capital Management. Before that, he was co-CEO of Credit Suisse Group and CEO of Credit Suisse First Boston.
Mr. Mack is a graduate of Duke University, where he is a Trustee Emeritus. He also serves as Chairman of the Board of Trustees of New York-Presbyterian Hospital and the University Hospital of both Columbia and Cornell, a Board Member of the Bloomberg Family Foundation, and a member of the Business Council and the Business Roundtable. In addition, Mr. Mack serves on the Advisory Board for China Investment Corporation, the International Business Leaders Advisory Council for the Mayor of Beijing, and the Executive Committee of the Partnership for New York City. Mr. Mack is a director of both Rev Worldwide and Corinthian Ophthalmic. He is a member of the International Business Council of the World Economic Forum, the NYC Financial Services Advisory Committee, and the Shanghai International Financial Advisory Council.
"The volatile economic environment has created a demand for both capital and operational expertise and I am proud to join a team that offers both of those things and so many other resources that can help companies achieve their goals and investors meet or exceed their needs. I am really looking forward to joining this team of advisors and supporting the firm's investment activities," Mr. Mack said.
KKR's Senior Advisors are part of the firm's integrated model of value creation. These individuals include current and former senior executives who have unique leadership skills that complement the work of the firm's investment professionals, including supporting new investing activities and providing counsel to KKR portfolio companies.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $59.0 billion in assets under management as of December 31, 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.