KKR Appoints Tony De Nunzio As Senior Advisor

Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced the appointment of Tony De Nunzio CBE as a Senior Advisor to the Firm. Mr. De Nunzio is currently the Non-Executive Chairman of Maxeda, a Netherlands-based retail group, which he led as Chief Executive Officer from 2005 to 2011. He is also Non-Executive Chairman of Pets at Home, the U.K.’s leading specialty pet product retailer, and a Non-Executive Director of Alliance Boots, a leading international, pharmacy-led health and beauty group. In this new role, Mr. De Nunzio will also serve on the Firm’s private equity portfolio management committee, which interacts with company management and monitors all of KKR’s private equity investments.

Johannes Huth, a Member of KKR and head of the Firm’s European operations, said, “Over the years, we have come to know Tony well through his leadership roles at Maxeda, Pets at Home and Alliance Boots, all KKR investments. We have time and again been impressed by his profound financial and operational knowledge and his understanding of how to achieve results within complex, global companies. We are very pleased he will bring his expertise to bear on our current and prospective investments as a Senior Advisor to the Firm.”

“KKR’s spirit of partnership, commitment to driving operational value within its portfolio companies, and extensive network of resources are unique,” said Mr. De Nunzio. “Maxeda is a textbook example of how private equity can help build better businesses, and I look forward to applying my management and retail experience as a Senior Advisor to support the Firm’s other investments,” Mr. De Nunzio said.

Before joining Maxeda in 2005, Mr. De Nunzio was from 2002 to 2005 President and CEO of Asda Group Ltd., the U.K.’s second largest supermarket chain and a Wal-Mart subsidiary, where he previously served as the company’s Chief Financial Officer. Prior to joining Asda, Mr. De Nunzio worked in the international consumer goods sector for Unilever, L’Oreal and Pepsi in a number of financial roles. He is a qualified Chartered Management Accountant.

Mr. De Nunzio is Chairman of the Advisory Board of Manchester Business School. In 2004, he received the IGD award for Outstanding Business Achievement and was awarded a CBE in the Queen’s New Year’s Honours List for services to retail in 2005.

KKR’s Senior Advisors are part of the Firm’s integrated model of value creation. They include current and former senior executives who bring unique leadership skills to complement the work of KKR investment professionals and the operational executives at KKR Capstone, and serve as liaisons to manage relationships with current and future investment partners.

About KKRFounded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.9 billion in assets under management as of June 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE:KKR). For additional information, please visit KKR's website at www.kkr.com.

Copyright Business Wire 2010

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