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Henry Kravis, Co-Chairman And Co-CEO Of KKR (Photo: Business Wire)

Stocks in this article: KKR

Sponsors for Educational Opportunity (SEO) today announced that business leader and philanthropist Henry Kravis, Co-Chairman and Co-CEO of KKR, has been elected Chairman of the board of directors of SEO, effective January 2014.

Henry Kravis, Co-Chairman and Co-CEO of KKR (Photo: Business Wire)

Henry Kravis, Co-Chairman and Co-CEO of KKR (Photo: Business Wire)

Mr. Kravis has been involved with the New York City-based organization for five years but one SEO program in particular— SEO Scholars—played a key role in his decision to chair the board.

SEO Scholars is an eight-year academic program that prepares low-income public high school students for admission to the nation’s most competitive colleges—and supports them through college graduation.

“We’re thrilled to have Henry Kravis’ leadership to expand SEO Scholars and help more low-income students break the cycle of poverty by obtaining a college degree,” said William Goodloe, SEO’s president & CEO. “He is deeply committed to the often-neglected students that SEO Scholars serves: those who are motivated to come to high school every day and wish to attend college. By providing intense support from 9 th grade through college graduation to these students, there is a tremendous opportunity to transform not only individual lives and families, but also entire communities.”

Every student in SEO Scholars is accepted to a four-year college; 95% go on to graduate from college in six years and 80% graduate in four years. While in college, students receive ongoing one-on-one academic advising, personal support and career guidance. In high school, students in the program attend over 720 hours of Saturday, summer and after-school classes in reading, writing, grammar, vocabulary, and math.

Mr. Kravis, Co-Chairman and Co-CEO of KKR, stated: “SEO Scholars is a stellar model of what works, and it’s ready for expansion. The program’s nearly 100% college graduation rate is an incredible record of success. I look forward to helping advance its mission of ensuring that motivated, low-income students can succeed at four-year colleges.”

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