This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: KKR Co-CEOs Henry Kravis, George Roberts Step Down
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > KKR Co-CEOs Henry Kravis, George Roberts Step Down
Markets

KKR Co-CEOs Henry Kravis, George Roberts Step Down

Editorial Board Published October 11, 2021
Share
KKR Co-CEOs Henry Kravis, George Roberts Step Down
SHARE

Henry Kravis and George Roberts are stepping down as co-chief executive officers of KKR & Co., as the founders of the seminal private-equity firm become the latest to pass the torch to handpicked successors.

Contents
Joe Bae has been in charge of KKR’s private-markets investing.Scott Nuttall oversaw KKR’s public listing.

Joe Bae and Scott Nuttall, who have served as the firm’s co-presidents since July 2017, will become co-CEOs, effective immediately, KKR said Monday.

Joe Bae has been in charge of KKR’s private-markets investing.

Photo: Victor J. Blue/Bloomberg News

Scott Nuttall oversaw KKR’s public listing.

Photo: Victor J. Blue/Bloomberg News

Messrs. Kravis and Roberts, first cousins who founded KKR with Jerome Kohlberg in 1976, will continue to serve as co-executive chairmen. Mr. Kohlberg died in 2015.

KKR also announced a series of structural and governance changes aimed at helping it transition to a “one-share, one-vote” structure from the current dual-class setup that gives the two founders extra voting power. In doing so, it follows in the footsteps of Carlyle Group Inc. and Apollo Global Management Inc., rivals that have announced their own leadership and governance transitions.

Messrs. Kravis and Roberts, pioneers of the buyout industry, have led KKR as it developed into a global investment firm with $429 billion in assets across numerous business lines at the end of the second quarter. In February, the firm closed a deal to buy insurance company Global Atlantic Financial Group Ltd., giving it $90 billion more to manage.

Still, KKR’s asset growth has lagged behind that of rival Blackstone Inc., which manages more than $680 billion in assets.

Messrs. Bae and Nuttall both joined KKR in 1996. Mr. Bae was the driving force behind KKR’s successful expansion in Asia and has been in charge of its private-markets investing. Mr. Nuttall oversaw the firm’s public listing and spearheaded the creation of its capital-markets and insurance businesses.

Write to Miriam Gottfried at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Bing Crosby’s heirs sell stake in estate to boost his work Bing Crosby’s heirs sell stake in estate to boost his work
Next Article IAC Is a Better Home and Garden for These Magazines IAC Is a Better Home and Garden for These Magazines

Editor's Pick

Banish Boredom With These Prime Day Board Recreation Offers

Banish Boredom With These Prime Day Board Recreation Offers

With summer time holidays nonetheless stretching off into the space, making the most of Prime Day board sport offers or…

By Editorial Board 13 Min Read
Making wholesome snacks a behavior when afternoon vitality slumps strike at work
Making wholesome snacks a behavior when afternoon vitality slumps strike at work

By CATHY BUSSEWITZ, Workers Author NEW YORK (AP) — When Claire Paré…

8 Min Read
Want You Have been Right here: A 14-day Asian cruise with unforgettable views
Want You Have been Right here: A 14-day Asian cruise with unforgettable views

SINGAPORE, BANGKOK, HONG KONG, VIETNAM: Harmony’s Eduardo and Beatriz Reyes went on…

2 Min Read

Oponion

Coconut Dal with Kale is the Final One-Pot Meal

Coconut Dal with Kale is the Final One-Pot Meal

Once I take into consideration the staple dishes that confirmed…

March 18, 2025

U.S., Italy signal pact to recuperate stays of American troopers lacking from World Warfare II

The USA and Italy signed a…

May 21, 2025

A take a look at egg costs and the place the battle in opposition to avian flu is

Shelling out for eggs In the…

April 20, 2025

Credit-Risk Return Doesn’t Have to Be Unwanted Sequel

Consumer credit risk was in retreat…

December 30, 2021

The depressing optics of Trump at ‘Les Misérables’

President Donald Trump, Vice President JD…

June 12, 2025

You Might Also Like

United Airways says much less uncertainty opens door to ‘robust end’ to 2025
Markets

United Airways says much less uncertainty opens door to ‘robust end’ to 2025

Transportation Secretary Sean Duffy discusses home automotive manufacturing and air journey security on ‘The Big Money Show.’ United Airways was…

4 Min Read
Bitcoin breaks 3,000 worth document as lawmakers start ‘Crypto Week’ in Washington
Markets

Bitcoin breaks $123,000 worth document as lawmakers start ‘Crypto Week’ in Washington

Sen. Cynthia Lummis, R-Wyo., discusses crypto regulation and tax reform on Making Cash. Bitcoin hit a document excessive on Monday…

4 Min Read
Copper costs hit document excessive after Trump declares 50% import tariff
Markets

Copper costs hit document excessive after Trump declares 50% import tariff

President Donald Trump introduced his administration will impose a 50% tariff on imported copper, marking a brand new ecalation in…

4 Min Read
Tesla shares slide after Musk declares new political transfer
Markets

Tesla shares slide after Musk declares new political transfer

FOX Enterprise’ Stuart Varney analyzes President Donald Trump and former DOGE head Elon Musk’s relationship after Musk’s public criticism of…

6 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?