KKR Financial Corp. Announces Appointment of Jeffrey B. Van Horn as Chief Financial Officer
May 11 2006 - 5:05PM
PR Newswire (US)
SAN FRANCISCO, May 11 /PRNewswire-FirstCall/ -- KKR Financial Corp.
(NYSE:KFN) today announced the appointment of Jeffrey B. Van Horn
as chief financial officer of the Company. Prior to today's
appointment, David Netjes served as chief financial officer and
chief operating officer. After this appointment, Mr. Netjes will
continue as chief operating officer. Most recently, Mr. Van Horn
has served as the chief tax and regulatory officer for the
Company's manager, KKR Financial Advisors LLC. With this
appointment, Mr. Van Horn will add the position of chief financial
officer of the Company. Prior to joining the Company's manager in
October 2004, Mr. Van Horn worked in various finance positions,
including as senior vice president of investments of AvalonBay
Communities, Inc. and as chief financial officer of its
predecessor, Bay Apartment Communities, Inc. Prior to that, Mr. Van
Horn was a tax partner with Arthur Andersen LLP, serving clients in
the real estate, leasing, reverse mortgage, private equity, and
REIT industries. While at Arthur Andersen, Mr. Van Horn was a
member of the firm-wide REIT and partnership tax specialty teams.
Mr. Van Horn is a Certified Public Accountant. "Jeff's extensive
tax and capital markets expertise, coupled with his experience as
chief financial officer of Bay Apartment Communities and as a
partner with Arthur Andersen, will make him a key member of the
executive management team that is shaping the next chapter of KFN,"
noted Saturnino Fanlo, president and chief executive officer of the
Company. "The continued execution of our strategic plan requires
that David devote more time to investment selection and operational
growth and the appointment of Jeff as chief financial officer will
allow David more time to focus on these initiatives," noted Mr.
Fanlo. "Jeff is well qualified to be chief financial officer of KFN
given his professional experience and his involvement with KFN in
critical finance, tax, and regulatory related matters since October
2004," noted Mr. Netjes. KKR Financial Corp. is a specialty finance
company that invests in multiple asset classes and uses leverage to
generate competitive leveraged risk-adjusted returns. The Company
currently makes investments in the following asset classes: (i)
residential mortgage loans and mortgage-backed securities; (ii)
corporate loans and debt securities; (iii) commercial real estate
loans and debt securities; (iv) asset-backed securities; and (v)
marketable and non-marketable equity securities. The Company also
makes opportunistic investments in other asset classes from time to
time. The Company was organized as a Maryland corporation on July
7, 2004, and commenced operations on August 12, 2004. The Company
is structured as a real estate investment trust and KKR Financial
Advisors LLC manages the Company pursuant to a management
agreement. KKR Financial Corp. and KKR Financial Advisors LLC are
affiliates of Kohlberg Kravis Roberts & Co. L.P. Contacts
Investors Media Laurie Poggi Roanne Kulakoff or Joseph Kuo KKR
Financial LLC Kekst and Company 415-315-3718 212-521-4837/4863
DATASOURCE: KKR Financial Corp. CONTACT: investors, Laurie Poggi of
KKR Financial LLC, +1-415-315-3718; or Roanne Kulakoff,
+1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and
Company, for KKR Financial LLC Web site:
http://www.kkrfinancial.com/
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