KKR Appoints Matthew Cohler as New Independent Director

Rhea-AI Summary

KKR & Co. Inc. (NYSE: KKR) has appointed Matthew Cohler to its Board of Directors, effective December 31, 2021. This new appointment increases the number of independent directors to twelve out of sixteen Board seats. Cohler, a former General Partner at Benchmark, brings extensive experience in early-stage investments in Internet and software startups. KKR continues to focus on generating attractive investment returns through its disciplined investment approach while enhancing leadership diversity on its Board.

Positive

• Matthew Cohler's appointment enhances board diversity with industry expertise.
• Cohler's background in early-stage investments could drive innovation and strategic growth.

Negative

• Concerns may arise regarding potential continuity and experience gaps on the Board.

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today announced that Matthew Cohler has been appointed to the Board of Directors of KKR & Co. Inc. effective December 31, 2021. His appointment will bring the number of independent directors to twelve out of a total of sixteen Board seats.

Mr. Cohler is a former General Partner at the venture capital firm Benchmark, where for over a decade he led early-stage investments in Internet and software startup businesses.

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 (Co-Founder, Chairman and Chief Executive Officer 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 Wal-Mart), Robert Scully (former member of the Office of the Chairman of Morgan Stanley) and Evan Spiegel (Co-Founder and Chief Executive Officer of Snap Inc.).

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/20220103005354/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 Matthew Cohler in relation to KKR?

Matthew Cohler has been appointed to the Board of Directors of KKR, effective December 31, 2021.

What changes occurred in KKR's Board of Directors recently?

KKR appointed Matthew Cohler, increasing the number of independent directors to twelve out of sixteen.

How could Matthew Cohler's appointment impact KKR?

Cohler's experience in early-stage investments may positively influence KKR's investment strategy and portfolio growth.

What is KKR's approach to board diversity?

KKR is committed to enhancing board diversity, reflected in the appointment of independent directors like Matthew Cohler.