KKR's Johannes Huth Retires After Pioneering European Deals - Details Here
KKR & Co. Inc.’s (NYSE:KKR) Johannes Huth, known for leading key European deals, is retiring after 25 years with the private equity firm.
According to a LinkedIn Post, Johannes Huth, based in London, is stepping down from his roles as KKR’s Chairman for Europe, the Middle East, and Africa and an active partner.
Huth joined the private equity firm in 1999 after receiving an unexpected call from Henry Kravis, the co-founder of KKR who currently serves as co-executive chairman, Bloomberg reported.
At KKR, Huth’s prominent transactions include the acquisition and subsequent listing of defense supplier Hensoldt, as well as the purchase of Axel Springer in Germany.
He also led efforts in acquiring French electronics components firm Legrand SA from Schneider Electric SE (OTC:SBGSF) and UK drugstore chain Boots, purchased with billionaire Stefano Pessina and later sold to Walgreens Boots Alliance, Inc. (NASDAQ:WBA), Bloomberg added. Additionally, he contributed to KKR’s investments in Coty Inc. (NYSE:COTY) and Wella.
He will continue in a senior advisory role and serve on the boards of hedge fund Marshall Wace, media company Axel Springer, and vacation parks group Roompot.
“This step will allow me to focus on the next phase of my life, including investing my own capital, and spending more time on my charitable and many other personal interests,” Huth added.
KKR stated that Huth has been integral to its leadership team for a significant period, Bloomberg added.
“As a colleague, friend and trusted partner to many, his impact cannot be understated,” the firm said, the report read. “We are pleased to continue our 25+ year partnership with Johannes as he transitions to this new chapter at KKR,” Bloomberg added.
Price Action: KKR shares are trading lower by 0.64% to $106.78 at last check Tuesday.
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