KKR’s Bae, Nuttall succeed founders as co-CEOs By Reuters – Investing.com
- Date: 11-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
KKR’s Bae, Nuttall succeed founders as co-CEOs By Reuters – Investing.com
By Chibuike Oguh
(Reuters) - KKR & Co (NYSE:) Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm's billionaire co-founders Henry Kravis and George Roberts.
The transition has been in the works for years and is unlikely to surprise the firm's investors. KKR had named Bae, 49, and Nuttall, 48, as co-presidents in 2017. KKR said on Monday that Kravis, 77, and Roberts, 78, would remain involved in the running of the firm as executive co-chairmen.
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