Former Central Bank Governor of Brazil to Support KKR's Business
SÃO PAULO & NEW YORK--(BUSINESS WIRE)--
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR")
today announced the appointment of Henrique Meirelles, former Governor
of the Central Bank of Brazil and former President of FleetBoston's
Corporate and Global Bank, as a Senior Advisor to the firm, effective
R. Kravis and George
R. Roberts, Co-Founders and Co-Chief Executive Officers of KKR,
stated: "Henrique Meirelles has had an incredibly distinguished career.
He took over the Central Bank at a critical time for Brazil and played a
key role in laying the foundation for the country's prosperity today. We
believe he will be a tremendously valuable partner to the firm and our
portfolio companies worldwide. We are fortunate to have him on our team."
Mr. Meirelles, Brazil's longest serving central bank chief under former
President Luiz Inácio Lula da Silva, served in this post from January
2003 to December 2010. Prior to this position, he was President of
FleetBoston's Corporate and Global Bank, a position he was appointed to
in 1999, following the merger of BankBoston Corporation and Fleet
Financial Group. Mr. Meirelles joined BankBoston Corporation in 1974,
becoming its President in Brazil in 1984 and its President and Chief
Operating Officer in 1996.
Mr. Meirelles currently serves as Chairman of J&F Participações S.A.,
the parent company of JBS S.A., the world's largest beef producer,
Chairman of Lazard Americas and Board member of Brazilian airline Azul
Linhas Aéreas Brasileiras S.A.. He is the Chairman Emeritus of the
Brazilian Association of International Banks, Chairman of the Society
for the Revitalization of the City of São Paulo, and the founding
President of the Latin American Leasing Federation. He was the Chairman
of the Travessia Foundation and of the American Chamber of Commerce in
São Paulo. Mr. Meirelles formerly served on a number of corporate
boards, including those of BankBoston Corp, FleetBoston Financial,
Raytheon Corporation, Bestfoods and Champion International.
"KKR is a premier global investment firm and a pioneer of the private
equity industry with a strong reputation, and a distinguished track
record of both generating solid returns and creating value in its
portfolio company investments," said Henrique Meirelles. "I have gotten
to know their outstanding leadership team over the years and am truly
honored to join this team to play an important role in KKR's efforts to
expand its franchise in the region. Brazil today presents great
opportunities for investors. Its strong internal market can be a
consistent source of prosperity for both the Brazilian people and the
companies that invest here," Mr. Meirelles said.
Mr. Meirelles has participated in Advisory Boards of the Harvard Kennedy
School of Government, Sloan School of Management of the Massachusetts
Institute of Technology and the Carroll School of Management of the
Boston College. He was a member of the Board of Trustees of the New
England Conservatory of Music and of the Institute of Contemporary Arts
"Today's announcement is an exciting step in building our presence in
Brazil and a reflection of our long-term interest in Latin America. The
region presents exciting opportunities for the firm, and we will rely on
Henrique's advice and insights in the world of government, finance and
investment as we expand our business in Brazil and throughout Latin
America. We are privileged to have Henrique join our effort," said Alex
Navab, Co-Head of KKR's North American Private Equity business.
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
partners. As a Senior Advisor, Mr. Meirelles will play an important role
in KKR's business development effort in Brazil and in Latin America.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a
leading global investment firm with $62.3 billion in assets under
management as of March 31, 2012. 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.
Kohlberg Kravis Roberts & Co. L.P.
Huller, + 1-212-230-9722
+ Knowlton Strategies
Marcos Besse, + 55 11 5503-2871
Source: Kohlberg Kravis Roberts & Co. L.P.
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