KKR Appoints Evan Spiegel as New Independent Director

Rhea-AI Summary

KKR & Co. Inc. (NYSE: KKR) has appointed Evan Spiegel, Co-Founder and CEO of Snap Inc., to its Board of Directors. This addition increases the number of independent directors to eleven out of a total of fifteen board seats. Spiegel's expertise in technology and innovation is expected to enhance KKR's strategic direction. KKR is a leading global investment firm that focuses on alternative asset management and capital solutions, aiming to deliver attractive investment returns through disciplined investment approaches.

Positive

• Appointment of Evan Spiegel brings expertise in technology and innovation.
• Increased independent directors enhances governance structure.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today announced that Evan Spiegel has been appointed to the Board of Directors of KKR & Co. Inc. His appointment will bring the number of independent directors to eleven out of a total of fifteen Board seats.

Mr. Spiegel is the Co-Founder and Chief Executive Officer of Snap Inc., a publicly traded camera company that believes reinventing the camera represents the greatest opportunity to improve the way that people live and communicate.

KKR’s other independent directors include Adriane Brown (Managing Partner of Flying Fish Partners), Mary Dillon (Executive Chair of Ulta Beauty, Inc.), Joseph Grundfest (Stanford Law Professor and former Commissioner of the Securities and Exchange Commission), Arturo Gutiérrez (Chief Executive Officer of Arca Continental, S.A.B. de C.V.), John Hess (Director and Chief Executive Officer of Hess Corporation), Dane Holmes (Chief Executive Officer and Co-Founder of Eskalera Inc.), Xavier Niel (Deputy Chairman and Chief Strategy Officer of Iliad SA), Patricia Russo (former Chief Executive Officer of Alcatel-Lucent), Thomas Schoewe (former Chief Financial Officer of Walmart) and Robert Scully (former member of the Office of the Chairman of Morgan Stanley).

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211006005902/en/

Investor Relations:

Craig Larson

Tel: +1-877-610-4910 (U.S.) / +1-212-230-9410

investor-relations@kkr.com

Media:

Kristi Huller

Tel: +1-212-750-8300

media@kkr.com

Source: KKR & Co. Inc.

FAQ

Who is Evan Spiegel in relation to KKR?

Evan Spiegel is the newly appointed independent director on KKR's Board of Directors.

What is the significance of increasing independent directors at KKR?

Increasing independent directors, now eleven out of fifteen, enhances KKR's governance and decision-making processes.

What role does KKR play in the investment landscape?

KKR is a leading global investment firm specializing in alternative asset management and capital market solutions.

How might Evan Spiegel's appointment impact KKR's strategy?

Spiegel's background in technology and innovation may influence KKR's strategic direction and investment opportunities.