Bloomberg Law
Oct. 11, 2021, 1:46 PM

KKR’s Billionaire Founders Hand Reins to Joe Bae, Nuttall (2)

Heather Perlberg
Heather Perlberg
Bloomberg News

Henry Kravis and George Roberts, quintessential dealmakers who have dominated global private equity for almost half a century, are ceding their leadership roles at KKR & Co. to make way for their handpicked successors.

The billionaire founders of KKR elevated Joe Bae, 49, and Scott Nuttall, 48, to co-chief executive officers, effective immediately, the New York-based firm said in a statement Monday. Kravis, 77, and Roberts, 78, will serve as executive co-chairmen of the board. Along with the changes, KKR said it will move to a one-share, one-vote structure within five years.

Joe Bae and Scott Nuttall
Source: KKR/Business Wire

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