KKR & Co. Inc. announced that Ryan Stork was appointed Chief Operating Officer of the Company effective January 3, 2022. Prior to joining KKR, Mr. Stork, 50, was at BlackRock Inc. where he held multiple leadership roles for more than 20 years, including most recently as Deputy Chief Operating Officer from 2019 to 2021 and as Chairman of Asia Pacific from 2014 to 2019. Previously, he was also the Global Head of Aladdin BlackRock's investment and risk management technology platform, Head of the Institutional Client Business in Continental Europe, and Co Head of the Financial Institutions Group. He was also a member of BlackRock's Global Executive Committee and a board member of BlackRock's Foundation. Prior to joining BlackRock, Ryan worked at PennCorp Financial Group, Conning Asset Management, and The Travelers Insurance Companies. In connection with his appointment, Mr. Stork will receive an annual base salary of $300,000 and be eligible to receive an annual discretionary bonus from KKR and an allocation of carried interest from KKR Associates Holdings L.P. The time-based units will vest in six equal installments, commencing on April 1, 2022 and continuing annually through April 1, 2027, subject to continued service through the respective vesting dates, with certain exceptions for involuntary termination of employment by KKR without cause, in which case, Mr. Stork will continue to vest in 75% of his time-based units on the same vesting schedule. As an employee of KKR, Mr. Stork will be permitted to invest his own capital in KKR's funds, side-by-side investments with KKR's funds or the firm and in funds managed by KKR's strategic partnerships with other fund
managers.