SAN FRANCISCO, Nov. 4, 2010 /PRNewswire-FirstCall/ -- KKR
Financial Holdings LLC (NYSE: KFN) ("KFN" or the "Company") today
announced that on November 3, 2010,
its board of directors appointed Chief Operating Officer
Michael R. McFerran to the
additional post of Chief Financial Officer. Mr. McFerran will
succeed Jeffrey B. Van Horn, who has
been named Global Director of Tax for Kohlberg Kravis Roberts &
Co. (together with its affiliates, "KKR") as well as Executive Vice
President, Director of Tax for KFN. KKR Financial Holdings
LLC also announced that Nicole J.
Macarchuk has been named the Company's General Counsel. All
appointments were effective November 3,
2010.
"We're pleased that Mike McFerran
will be taking on the additional role of CFO," said William C. Sonneborn, CEO of KFN and a Member of
KKR. "As COO and a member of the management team, Mike has made
significant contributions to KFN's progress and will seamlessly
assume this additional role. We thank Jeff Van Horn for his important contributions as
CFO over the past four years and look forward to continuing to work
with him. Nicole Macarchuk's appointment as General Counsel
further broadens and strengthens our management team, and we
welcome her to KFN," Sonneborn said.
Ms. Macarchuk joins KKR as a Director and also serves as General
Counsel of KKR Asset Management LLC. Prior to joining KKR, Ms.
Macarchuk served as Co-General Counsel and Managing Director at
Och-Ziff Capital Management Group. She holds a J.D. from
Fordham University Law School and a
B.A. from Fordham University.
About KKR Financial Holdings LLC
KKR Financial Holdings LLC is a specialty finance company with
expertise in a range of asset classes. KFN's core business strategy
is to leverage the proprietary resources of its manager with the
objective of generating both current income and capital
appreciation. KFN is externally managed by KKR Financial Advisors
LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which
is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co.
L.P. KFN executes its core business strategy through majority-owned
subsidiaries. Additional information regarding KFN is available at
http://www.kkr.com.
Investor Relations
Contact:
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Laurie Poggi
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Kohlberg Kravis Roberts &
Co.
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Tel: +1 (415)
315-3718
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investor-relations@kkr.com
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Media Relations
Contacts:
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Peter McKillop or Kristi
Huller
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Kohlberg Kravis Roberts &
Co.
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Tel: + 1 (212)
750-8300
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media@kkr.com
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SOURCE KKR Financial Holdings LLC