KKR To Appoint David Haines as Executive Chairman of Global Spreads Business
April 11 2018 - 8:31AM
Business Wire
KKR, a leading global investment firm, today announces that
it intends to appoint David Haines as Executive Chairman of the
Global Spreads Business, subject to and effective from the
successful completion of the transaction with Unilever.
On 15 December 2017, Unilever announced that it had received a
final, binding, irrevocable and fully financed offer from KKR to
purchase its Global Spreads Business. The offer is subject to
certain regulatory approvals and employee consultation in certain
jurisdictions. Completion is expected mid-2018.
David was previously Chairman and CEO of Grohe Group, and
subsequently CEO of Lixil Water Technology Group. At Grohe, David
led the complete transformation of the business over a 10 year
period. He joined Grohe from Vodafone, where he served as the
company’s first Global Marketing Director, building Vodafone into a
successful, top ten global brand within three years and across
multiple markets. Prior to this David was Deputy Division President
of The Coca Cola Company in Germany, and for 10 years a General
Manager for Mars across different European markets. He began his
career in Germany at Lever Sunlicht, and holds a first class
Honours degree from the University of Greenwich in London.
Tim Franks, Member, and Christian Ollig, Managing Director KKR
said: “David’s experience in driving innovation and growth with
some of the world’s leading consumer companies will be a great
asset to the Global Spreads business. The company has strong
potential for future growth, building on its firm foundations and
leveraging its plant-based credentials, extensive chilled
distribution capability and emerging markets footprint.”
David Haines said: “I am looking forward to working with the
excellent team in the Global Spreads business which has done a
fantastic job in preparing the business for separation from
Unilever and building a new momentum for growth.”
-ends-
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic manager
partnerships that manage hedge funds. KKR aims to generate
attractive investment returns for its fund investors by following a
patient and disciplined investment approach, employing world-class
people, and driving growth and value creation with KKR portfolio
companies. KKR invests its own capital alongside the capital it
manages for fund investors and provides financing solutions and
investment opportunities through its capital markets business.
References to KKR's investments may include the activities of its
sponsored funds. For additional information about KKR &
Co. L.P. (NYSE: KKR), please visit KKR's website
at www.kkr.com and on Twitter @KKR_Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20180411005721/en/
Finsbury for KRRAlastair Elwen+44 207 251
3801alastair.elwen@finsbury.com
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