NEW YORK--(BUSINESS WIRE)--
KKR & Co. L.P. (NYSE:KKR) today announced that effective March 14, 2014,
David Drummond has been appointed to the Board of Directors of KKR
Management LLC, the managing partner of KKR, and to the Board's
Conflicts Committee. His appointment will bring the number of
independent directors on KKR's Board to seven out of a total of nine
Mr. Drummond serves as Senior Vice President, Corporate Development and
Chief Legal Officer of Google Inc.
KKR's other independent directors include Joseph A.
Grundfest (Stanford Law Professor and former Commissioner of
the Securities and Exchange Commission), John Hess (Director and Chief
Executive Officer of Hess Corporation), Dieter Rampl (former Chairman
of Unicredit Group), Patricia 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 $94.3 billion
in assets under management as of December 31, 2013. 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 fund investors
through its client relationships and capital markets platform. KKR & Co.
L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR) and
"KKR", as used in this release, includes its subsidiaries, their managed
investment funds and accounts, and/or their affiliated investment
vehicles, as appropriate. 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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