Summary
This 8-K filing by KKR & Co. Inc. announces a significant leadership transition in its finance department. William J. Janetschek will retire as Chief Financial Officer (CFO) effective December 31, 2019. He will be succeeded by Robert H. Lewin, who assumes the CFO role on January 1, 2020. Mr. Lewin brings extensive experience within KKR, having joined in 2004 and held various key positions including Head of Human Capital and Strategic Talent, investor in private equity, involvement in launching KKR's Asia business, co-leading credit and capital markets, and serving as Treasurer and Head of Corporate Development. His deep understanding of the firm's operations and financial structure is expected to facilitate a smooth transition. The filing also provides details regarding Mr. Lewin's personal investments in KKR's funds and his relationship as a limited partner of KKR Holdings L.P., which are subject to specific agreements and disclosures.
Key Highlights
- 1William J. Janetschek is retiring as Chief Financial Officer (CFO) effective December 31, 2019.
- 2Robert H. Lewin will succeed Mr. Janetschek as CFO, effective January 1, 2020.
- 3Mr. Lewin has a long tenure at KKR (since 2004) and has held numerous leadership roles, including Head of Human Capital, Treasurer, and Head of Corporate Development.
- 4Mr. Lewin's background includes experience in private equity, international business development (Asia), credit, capital markets, and balance sheet oversight.
- 5The filing details Mr. Lewin's personal investments in KKR funds and his status as a limited partner of KKR Holdings L.P.
- 6Details are provided regarding the impact of his new role on his prior investment vehicles and existing agreements.
- 7Compensation arrangements for Mr. Lewin in his new CFO role have not yet been determined by the Board of Directors.