KKR & Co. Inc. (NYSE:KKR) is one of the most undervalued stocks to buy and hold for 5 years. On September 24, KKR & Co. announced that Craig Arnold has been appointed to its Board of Directors, with the appointment becoming effective on September 23.
The appointment of Arnold, who is the former Chairman and Chief Executive Officer of Eaton Corporation (a global intelligent power management company), increases the number of independent directors to eleven, out of a total of fifteen Board seats.
KKR Appoints Former Eaton CEO Craig Arnold to Board of Directors, Increasing Independent Seats to Eleven
KKR’s other Board members include its Co-Founders and Co-Executive Chairmen, Henry Kravis and George Roberts; Co-Chief Executive Officers, Joseph Bae and Scott Nuttall; and eleven independent directors, including the newly appointed Arnold. The other independent members are Timothy Barakett, Adriane Brown, Matthew Cohler, Mary Dillon, Arturo Gutiérrez Hernández, Xavier Niel, Patricia Russo, Kimberly Ross, Robert Scully, and Evan Spiegel.
KKR & Co. Inc. (NYSE:KKR) is a private equity and real estate investment firm specializing in direct and fund-of-fund investments.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/kkr-appoints-former-eaton-ceo-093307904.html
