Joe Bae, Scott Nuttall Join the Board of Directors for KKR & Co. L.P.
NEW YORK–(BUSINESS WIRE)–
KKR & Co. L.P. (together with its affiliates, “KKR”) today announced the
expansion of its executive leadership team with the appointment of Joe
Bae and Scott Nuttall as Co-Presidents and Co-Chief Operating Officers
of KKR and members of KKR’s Board of Directors. Henry Kravis and George
Roberts will continue to lead the firm they founded as Co-Chairmen and
Co-Chief Executive Officers.
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Joe Bae (Photo: Business Wire)
In their new roles, Mr. Nuttall and Mr. Bae will jointly be responsible
for the day-to-day operations of KKR.
Henry Kravis and George Roberts, Co-Chairmen and Co-CEOs of KKR, stated:
“Today’s announcement is about the future and ensuring we have the right
team and leadership structure to serve our clients and partners for
decades to come.”
“Having joined the firm together over 20 years ago, Joe and Scott have a
strong foundation of trust, professional respect and personal friendship
that is critical for success. They think and act globally, they embody
KKR’s core values, and they are two of our most accomplished business
leaders, with proven track records of managing large teams, building new
businesses and driving value for our fund investors and our public
unitholders,” Messrs. Kravis and Roberts said.
Under the new leadership structure, Mr. Bae and Mr. Nuttall will be
jointly responsible for the execution and implementation of KKR’s
strategy, but will have different areas of primary responsibility. Mr.
Bae will focus on KKR’s global private equity businesses as well as the
Firm’s real asset platforms across energy, infrastructure and real
estate private equity. Mr. Nuttall will concentrate on KKR’s corporate
and real estate credit, capital markets, hedge fund and capital raising
businesses together with the firm’s corporate development, balance sheet
and strategic growth initiatives.
Joe Bae and Scott Nuttall stated: “KKR is a truly special firm and we
are honored to join Henry and George as part of the executive leadership
team to help lead KKR in its next stage of growth and development.”
As part of this transition, Alex Navab announced he is planning to step
down from his role as Head of Americas Private Equity and retire from
KKR after an orderly transition.
Commenting on this, Henry Kravis and George Roberts said, “Alex has been
an outstanding investor and a remarkable leader of our flagship Americas
private equity business over the last decade. He has built a strong team
of investors and led many successful investments over the course of his
24-year career at KKR. We thank Alex for his many contributions and know
his management and investment capabilities will benefit any enterprise
he joins.”
Separately and unrelated, KKR Chief Administrative Officer Todd Fisher
announced his intention to depart from KKR at the end of the year to
pursue a second career outside the investment arena.
“Todd has been a deeply committed and highly effective leader and
investor who will leave a lasting mark on the firm. We appreciate all he
has done to make KKR what it is today and have no doubt he will make an
equally profound impact in whatever new career he pursues,” Henry Kravis
and George Roberts said.
About Joe Bae
Joseph Y. Bae, 45, is the Co-President and Co-Chief Operating Officer of
KKR. He joined KKR in 1996. Most recently, he was the Managing Partner
of KKR Asia and the Global Head of KKR’s Infrastructure and Energy Real
Asset businesses. Mr. Bae has been the architect of KKR’s Asian
expansion since 2005 and has helped KKR build the largest and most
successful Asia-Pacific platform in the market. He is the Chairman of
KKR’s Asia and Americas Private Equity Investment Committees and serves
on KKR’s European Private Equity, Growth Equity, Energy, Infrastructure,
Real Estate and Special Situations Investment Committees. He is also a
member of KKR’s Risk Management Committee and Inclusion and Diversity
Council.
Prior to KKR, Mr. Bae worked for Goldman, Sachs & Co. in its Principal
Investment Area, where he was involved in a broad range of merchant
banking transactions. He has a B.A., magna cum laude, from Harvard
College. Mr. Bae serves on the boards of a number of non-profit
educational and cultural institutions including, as a Trustee for
Phillips Andover Academy, the Global Advisory Council at Harvard
University, a Board member of Lincoln Center, The Asia Society and the
Asia Art Archives.
About Scott Nuttall
Scott C. Nuttall, 44, is the Co-President and Co-Chief Operating Officer
of KKR. He joined KKR in 1996. Most recently, he was the head of KKR’s
Global Capital and Asset Management Group, where he was responsible for
overseeing KKR’s Public Markets & Distribution businesses, which
includes Credit, Capital Markets, Hedge Funds and our Client & Partner
Group. He has played a significant role in driving the strategic
development of KKR for the last 15 years, including his leadership on
KKR’s public listing, developing the firm’s balance sheet strategy,
helping build KKR’s platforms in the credit and hedge fund space and
creating the firm’s capital markets and capital raising businesses. Mr.
Nuttall also serves on KKR’s Balance Sheet Committee and the firm’s
Inclusion and Diversity Council. He is currently a member of the board
of directors of First Data Corporation, a KKR portfolio company.
Prior to joining KKR, he was with the Blackstone Group where he was
involved in numerous merchant banking and merger and acquisition
transactions. He received a B.S., summa cum-laude, from the University
of Pennsylvania. He has served on the board of various non-profit
institutions with a particular focus on education, most recently as
Co-Chairman of Teach for America – New York.
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world‐class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and
on Twitter @KKR_Co.
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KKR
Media:
Kristi Huller, 212-230-9722
Kristi.Huller@kkr.com
or
Investors:
Craig
Larson
Craig.Larson@kkr.com
Source: KKR & Co. L.P.