Item 5.02 Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 24, 2022, the board of directors (the "Board") of KKR Acquisition
Holdings I Corp. (the "Company") increased the size of the Board from five to
six directors and appointed Stephanie Plaines as an independent director,
effective immediately. Ms. Plaines will serve as a Class A director whose term
will expire at the Company's 2022 annual meeting of stockholders. In addition,
the Board appointed Ms. Plaines to serve on the Company's audit committee in
place of Glenn Murphy, who stepped down from the audit committee. Following
these changes, the audit committee now consists of Kimberly Ross (chair),
Meghan Frank and Ms. Plaines, all of whom have been found to be independent
pursuant to the corporate governance standards of the New York Stock Exchange
and the Securities and Exchange Commission.
Ms. Plaines served as Executive Vice President and Chief Financial Officer of
Jones Lange LaSalle Incorporated ("JLL") from March 2019 to November 2020. Prior
to joining JLL, Ms. Plaines was the US Retail CFO at Starbucks Corporation from
2017 to 2018. Ms. Plaines is an accomplished executive with more than 25 years
of experience within the retail and consumer goods industry, previously holding
senior financial positions of increasing responsibility at Walmart,
Ahold-Delhaize, PepsiCo and UBS Corporation. Ms. Plaines currently serves as a
director of Nielsen Holdings plc and is a member of the Audit Committee. She
earned her BS in Finance from the University of Florida and MBA from the
University of Texas at Austin.
Ms. Plaines will receive $20,000 per month starting February 2022 for her board
service.
Ms. Plaines was not appointed to the Board pursuant to any arrangement or
understanding with any other person. Ms. Plaines has no family relationship with
any of our directors or executive officers. There have been no transactions
regarding Ms. Plaines that are required to be disclosed pursuant to Item 404(a)
of Regulation S-K.
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