KKR Treasurer Levin Said to Step Down After Less Than Two Years in Role
Jonathan Levin, treasurer and head of investor relations for KKR & Co., is leaving the New York buyout firm after less than two years in the role, according to a person briefed on his plans.
Levin, 29, plans to step down after this quarter and move to his home town Chicago, said the person, asking not to be identified because the decision hasn’t been announced. KKR is considering splitting his responsibilities, which include helping manage the balance sheet and communicating with shareholders, between two successors who may be appointed internally, said the person.
Levin, who joined in 2004 from Bear Stearns, was named to the role in September of 2009 as KKR merged with its publicly traded European fund to become a stockholders’ company. The combined firm listed its shares on the New York Stock Exchange in July of last year, and this week held its first investor day to attract more outside shareholders.
KKR, which was founded in 1976 by Henry Kravis, Jerome Kohlberg and George Roberts, has gained 56 percent since moving its listing to New York, and rose 3.7 percent to $16.41 yesterday. About 70 percent of its stock is still in private hands.
KKR spokeswoman Kristi Huller declined to comment.
In Chicago, Levin will join Grosvenor Capital Management LP, leading business development, strategy, and new products. The firm invests client money in hedge funds.
Levin participated in KKR’s quarterly calls with analysts, and worked closely with Scott Nuttall, head of global capital, and William Janetschek, KKR’s chief financial officer.
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