KKR ANNOUNCES STRENGTHENING OF EUROPEAN TEAM
London, 30 January 2002 -
Kohlberg Kravis Roberts & Co Limited (KKR)
is pleased to announce two senior appointments
to enhance its European business and to strengthen
its capability in the German market.
Dr Axel Eckhardt will head Capstone Europe,
a management consultancy that will be retained
exclusively by KKR to provide advice, strategic
input and management services on KKR's potential
and ongoing investments.
Reinhard Gorenflos will join KKR as a Director
in KKR's London office having held senior management
positions in German industry over the past decade.
Dr Eckhardt has spent almost 20 years in management
consultancy with McKinsey & Co (13 years)
and most recently with Droege & Comp AG
(6 years). Prior to joining Droege, Dr Eckhardt
acquired a construction and engineering company,
the Elpro Co AG in Berlin, focused on plant
automation and technical facility management
which he ran for four years.
Following his graduation from Harvard, Reinhard
Gorenflos spent two years as a management consultant
before moving into industry with Thyssen where
he was Managing Director of the fast-growing
Industrial Services Divison. For the past three
years Gorenflos was a Member of the Executive
Board and Chief Financial Officer of ARAL, the
number one Central European gas station operator.
Commenting on these key appointments, Edward
Gilhuly, Managing Director, KKR said, "We
are very pleased with our progress in the European
markets and continue to build the depth of our
team. We are delighted to announce the appointments
of Axel and Reinhardt as they are highly qualified
and well-respected businessmen and will add
to our European effort generally and our German
effort in particular."
About KKR
KKR (www.kkr.com)
is an investment firm that makes a wide variety
of private equity investments on behalf of itself
and its investors. These investors include state
and corporate pension funds, banks, insurance
companies and university endowments. Since its
founding in 1976, KKR has completed more than
100 transactions involving over $100 billion
of total financing.
Contacts:
Penrose Financial
Andrew Nicolls
andrewn@penrose.co.uk
020 7786 4881
Gay Collins
gayc@penrose.co.uk
020 7786 4882
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