NEW YORK–(Business WIRE)–KKR, a foremost world-wide investment decision business, today announced the appointment of Dinesh Paliwal, former Chief Executive Officer (“CEO”) of HARMAN Intercontinental, as a new Lover in KKR’s world-wide non-public equity company.
In this position, Mr. Paliwal will assist the Organization in figuring out global investment decision prospects in the industrial, purchaser and automotive sectors, as properly as supporting KKR portfolio firms and their management teams in executing their operational and strategic advancement ideas.
Henry Kravis, Co-Chairman and Co-Chief Government Officer at KKR, reported: “We have recognized and adopted Dinesh for a lengthy time, and we are happy to welcome him to the Business. As CEO of HARMAN Global, Dinesh did an remarkable position in developing and positioning HARMAN as a world wide leader in the buyer and skilled audio and automotive infotainment business.”
Prior to HARMAN, Mr. Paliwal was President of ABB Ltd., a leader in automation and electricity, and ran ABB Inc., the place he served as Chairman and CEO of the North American small business. He has served on multiple community firm boards and today sits on the Boards of Bristol Myers Squibb, Nestlé and Raytheon Systems. He gained his BS from Indian Institute of Technological innovation and his MS in Engineering and MBA in Finance from Miami University in Ohio.
Joe Bae, Co-President and Co-Main Running Officer at KKR, extra: “With additional than three many years of major international enterprises, Dinesh is a entire world-course govt with deep sector expertise, multicultural practical experience and an comprehensive community of associations that will be a must have to KKR as we proceed to scale our expenditure businesses globally.”
“I am honored to sign up for KKR, a pioneer in the private fairness field and the gold regular for increasing businesses by way of its long-expression financial commitment technique,” claimed Mr. Paliwal. “At a time of international expansion in the industrial and customer products sectors, I am wanting ahead to doing work carefully with KKR’s international personal fairness groups and contributing to the Firm’s very long and admirable observe file of determining and developing global champions, even though producing substantial value for its Minimal Companions.”
About KKR
KKR is a main world expenditure company that delivers option asset administration and funds marketplaces and insurance policy solutions. KKR aims to produce attractive expenditure returns by subsequent a affected person and disciplined financial investment solution, employing environment-class persons, and supporting expansion in its portfolio companies and communities. KKR sponsors investment funds that spend in personal fairness, credit history and real assets and has strategic associates that manage hedge funds. KKR’s insurance coverage subsidiaries present retirement, life and reinsurance merchandise beneath the administration of The World Atlantic Financial Team. References to KKR’s investments may contain the actions of its sponsored cash and insurance coverage subsidiaries. For additional facts about KKR & Co. Inc. (NYSE: KKR), make sure you visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
