KKR Appoints David Drummond as New Independent Director
NEW YORK -- March 17, 2014
KKR & Co. L.P.(NYSE:KKR) today announced that effective March 14, 2014, David
Drummond has been appointed to the Board of Directors ofKKR 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 Board seats.
Mr. Drummond serves as Senior Vice President, Corporate Development and Chief
Legal Officer of Google Inc.
KKR's other independent directors includeJoseph A. Grundfest(StanfordLaw
Professor and former Commissioner of theSecurities and Exchange Commission),
John Hess (Director and Chief Executive Officer of Hess Corporation), Dieter
Rampl(former Chairman ofUnicredit Group), Patricia Russo (former Chief
Executive Officer ofAlcatel-Lucent), Thomas M. Schoewe (former Chief
Financial Officer ofWalmart), and Robert W. Scully (former member of
theOffice 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
Kristi Huller, 212-230-9722
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