NEW YORK, Dec 19 (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co named two of its executives, Michael Michelson and Alexander Navab, on Friday to the new positions of co-heads of its North American Private Equity business.
Michelson, based in Menlo Park, joined in 1981 and oversees the company's North American Healthcare industry team, while Navab, based in New York, joined in 1993 and oversees the North American Media and Communications industry team.
They will report to KKR co-founders Henry Kravis and George Roberts, who said in a statement the appointments reflected the growth and diversification of the firm.
KKR in July announced plans to go public through a complicated transaction that involves buying its publicly listed Amsterdam investment fund, delisting it from Amsterdam and relisting the new company in New York. It said in November that the process would be delayed until 2009.
(Reporting by Megan Davies; Editing by Andre Grenon) Keywords: KKR (megan.davies@reuters.com ; +1 646 223 6112; Reuters Messaging: megan.davies.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Michelson, based in Menlo Park, joined in 1981 and oversees the company's North American Healthcare industry team, while Navab, based in New York, joined in 1993 and oversees the North American Media and Communications industry team.
They will report to KKR co-founders Henry Kravis and George Roberts, who said in a statement the appointments reflected the growth and diversification of the firm.
KKR in July announced plans to go public through a complicated transaction that involves buying its publicly listed Amsterdam investment fund, delisting it from Amsterdam and relisting the new company in New York. It said in November that the process would be delayed until 2009.
(Reporting by Megan Davies; Editing by Andre Grenon) Keywords: KKR (megan.davies@reuters.com ; +1 646 223 6112; Reuters Messaging: megan.davies.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.