KKR & Co. said Monday that Joe Bae and Scott Nuttall would be appointed co-presidents and co-chief operating officers. Both men have more than 20 years of experience at the firm, and will be responsible for day-to-day operations. Alex Navab will retire as Head of Americas Private Equity, and Todd Fisher, chief administrative officer, will depart KKR to pursue other opportunities, the firm announced. KKR shares were slightly higher in early trade, and have gained 26% in 2017, while the S&P 500 has gained about 10%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Latest posts by Market Watch (see all)
- Adobe results top Street view, shares slip - September 19, 2017
- Currencies: Dollar remains weak ahead of Fed’s rate decision - September 19, 2017
- Amazon isn’t the only reason Toys ‘R’ Us filed for bankruptcy - September 19, 2017