internal
Joseph Y. Bae & Scott C. Nuttall
Co-Chief Executive Officers
Executive
5 yr
28 reports
KKR & Co. Inc. ·KKR
Co-CEOs run KKR with no standing COO
Financials · Fortune #145 · Hybrid structure · 5K employees · New York, New York
View as of:
10
CEO span
↑ wider than peers (avg 8)
2.8
Avg span
moderate
3
Max depth
3 levels
5.8 yr
Avg tenure
stable vs FY2024
70%
Internal hires
↑ above industry avg
Consolidated financials FY2020 · period end 2020-12-31 · 10-K
Revenue
$2.0B
Net income
$2.4B
Total assets
$410.1B
Shares out
892M
Sourced from KKR & Co. Inc. DEF 14A · filed 2026-02-27 ↗ View on SEC
Interactive org chart
KKR & Co. Inc. organizational chart
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Co-CEOs Joseph Bae and Scott Nuttall run KKR without a standing COO, an unusual setup for a global alternative-asset manager. This page maps KKR’s leadership structure, executive tenure, recent changes, and how its hybrid governance compares with peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Ryan Stork departed as Chief Operating Officer
Stepped down effective January 8, 2026.
Source · See change logScenario views in the chart
- Add Chief Operating Officer The board appoints a new COO to reduce the operational load on the Co-CEOs and standardize firmwide processes.
- Consolidate Investment Platforms Private Equity, Credit, and Real Assets are grouped under a single President of Investments to reduce CEO span.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
- Connect Salesforce Map your target accounts like this. Import contacts, visualize decision chains, plan multi-threading.
- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
10 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Pete Stavros
Co-Head of Private Equity
Investments
6 yr
8 reports
internal
Robert H. Lewin
Chief Financial Officer
Finance
4 yr
6 reports
internal
Chris Sheldon
Head of Credit
Investments
7 yr
6 reports
internal
Mark McVicar
Head of Real Assets
Investments
8 yr
6 reports
Anshu Jain
President, Global Atlantic
Insurance
5 yr
6 reports
Kathryn K. Sudol
Chief Legal Officer and General Counsel
Legal
2 yr
4 reports
internal
Henry R. Kravis
Co-Executive Chairman
Board / Executive
49 yr
0 reports
internal
George R. Roberts
Co-Executive Chairman
Board / Executive
49 yr
0 reports
Vacant
Chief Operating Officer
Operations
0 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 6 named executive officers disclosed. Bar length scales with total compensation.
Henry R. Kravis $62.6M
- Base salary
- $300K
- Other
- $62.27M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
George R. Roberts $63.8M
- Base salary
- $300K
- Other
- $63.48M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Joseph Y. Bae $84.3M
- Base salary
- $300K
- Other
- $83.97M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Scott C. Nuttall $80.4M
- Base salary
- $300K
- Other
- $80.06M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Robert H. Lewin $15.3M
- Base salary
- $300K
- Other
- $15.00M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Kathryn K. Sudol $5.8M
- Base salary
- $300K
- Other
- $5.48M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
| Holder | Shares | % of class |
|---|---|---|
| Henry R. Kravis | 81.18M | 9.11% |
| George R. Roberts | 83.86M | 9.41% |
| Joseph Y. Bae | 18.46M | 2.07% |
| Scott C. Nuttall | 21.19M | 2.38% |
The businesses
How KKR & Co. Inc. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Private Equity
2K employees
Co-Head of Private Equity (Pete Stavros)
Core buyout and growth equity investing platform across the Americas, Europe, and Asia.
Credit
1K employees
Head of Credit (Chris Sheldon)
Public and private credit strategies including direct lending and opportunistic credit.
Real Assets
700 employees
Head of Real Assets (Mark McVicar)
Infrastructure and real estate investments globally.
Insurance
600 employees
President, Global Atlantic (Anshu Jain)
Retirement, life, and reinsurance solutions through Global Atlantic.
The thesis
Why this org is unusual
KKR’s most distinctive structural feature is its dual-CEO model operating without a standing COO.
Joseph Y. Bae and Scott C. Nuttall jointly oversee all major investment platforms, while day-to-day operational coordination is handled directly by platform heads rather than a centralized operator.
This structure reflects KKR’s partnership heritage: powerful investment businesses—private equity, credit, real assets, and insurance—report straight to the Co-CEOs. The Co-Executive Chairmen remain deeply involved but do not interpose an additional management layer, keeping the firm relatively flat for its scale.
The January 2026 departure of the COO further reinforced this model, concentrating authority at the top and increasing the span of control of the Co-CEOs compared with peers that retain a strong operating executive.
- Dual-CEO structure
- No standing COO as of 2026
- Founders remain Co-Executive Chairmen
The comparison
How KKR & Co. Inc. stacks up
Compared with peers like Blackstone and Apollo, KKR’s structure is less centralized around a single CEO or COO. Blackstone has a sole CEO with strong business unit presidents, while Apollo maintains a more traditional CEO–COO pairing. KKR’s dual-CEO approach is closer to Carlyle’s past co-CEO experiments but is unusual …
C-suite size
Reporting depth
KKR & Co. Inc.
3 levels
4 levels
Apollo Global Management
4 levels
Carlyle Group
5 levels
Ares Management
4 levels
Avg C-suite tenure
Has COO / Has CAIO
KKR & Co. Inc. ✓ COO — no CAIO
Apollo Global Management ✓ COO — no CAIO
Carlyle Group — no COO — no CAIO
Ares Management ✓ COO — no CAIO
Current signals
What changed recently
The most significant recent change was the January 2026 departure of COO Ryan Stork, leaving KKR without a standing COO.
- departed
- new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-02-27
- CEO
- Joseph Y. Bae & Scott C. Nuttall
- CEO span
- 10
- C-suite
- 6
- Avg tenure
- 5.5 yr
KKR operated with dual CEOs and an outgoing COO during this period.
Named executive officers (6)
- Joseph Y. Bae - Co-Chief Executive Officer since 2021
- Scott C. Nuttall - Co-Chief Executive Officer since 2021
- Henry R. Kravis - Co-Executive Chairman since 1976
- George R. Roberts - Co-Executive Chairman since 1976
- Robert H. Lewin - Chief Financial Officer since 2021
- Kathryn K. Sudol - Chief Legal Officer since 2023
FY2024
10-K filed 2025-02-27
- CEO
- Joseph Y. Bae & Scott C. Nuttall
- CEO span
- 9
- C-suite
- 5
- Avg tenure
- 5.2 yr
Governance transition planning toward one-share, one-vote continued.
Named executive officers (5)
- Joseph Y. Bae - Co-Chief Executive Officer since 2021
- Scott C. Nuttall - Co-Chief Executive Officer since 2021
- Henry R. Kravis - Co-Executive Chairman since 1976
- George R. Roberts - Co-Executive Chairman since 1976
- Robert H. Lewin - Chief Financial Officer since 2021
FY2023
10-K filed 2024-02-29
- CEO
- Joseph Y. Bae & Scott C. Nuttall
- CEO span
- 9
- C-suite
- 5
- Avg tenure
- 4.8 yr
Early years of the co-CEO structure post-founder transition.
Named executive officers (5)
- Joseph Y. Bae - Co-Chief Executive Officer since 2021
- Scott C. Nuttall - Co-Chief Executive Officer since 2021
- Henry R. Kravis - Co-Executive Chairman since 1976
- George R. Roberts - Co-Executive Chairman since 1976
- Robert H. Lewin - Chief Financial Officer since 2021
Year-over-year changes
Leadership remained stable with incremental tenure increases as the co-CEO model matured.
- CEO span: 9 → 9
- C-suite size: 5 → 5
- Avg tenure: 4.8 → 5.2 yr
- reorg KKR Executive Team - Executive Structure (10-K, Feb 2025)
Addition of a Chief Legal Officer and the departure of the COO altered CEO span and functional balance.
- CEO span: 9 → 10
- C-suite size: 5 → 6
- Avg tenure: 5.2 → 5.5 yr
- new Kathryn K. Sudol - Chief Legal Officer (DEF 14A, Feb 2026)
- departed Ryan Stork - Chief Operating Officer (was COO) (8-K, Jan 2026)
The board
Board of directors
7 directors. 3 of 7 independent (43%). Source: most recent DEF 14A.
Henry R. Kravis
Chair Inside
Co-Executive Chairman, KKR
Also on: Axel Springer
George R. Roberts
Chair Inside
Co-Executive Chairman, KKR
Joseph Y. Bae
Inside
Co-Chief Executive Officer, KKR
Scott C. Nuttall
Inside
Co-Chief Executive Officer, KKR
Craig Arnold
Independent
Former CEO, Eaton Corporation
Also on: Medtronic, Honeywell, Procter & Gamble
Robert W. Scully
Lead Indep. Independent
Former Co-President, Morgan Stanley
Also on: Chubb Limited
Evan T. Spiegel
Independent
CEO, Snap Inc.
Also on: Snap Inc.
The board, organized
Board committees
3 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent
- Craig Arnold Chair
- Robert W. Scully
Compensation Committee
100% independent
- Robert W. Scully Chair
Nominating and Corporate Governance Committee
100% independent
- Robert W. Scully Chair
Frequently Asked Questions
Who is the CEO of KKR?
KKR is led by Co-Chief Executive Officers Joseph Y. Bae and Scott C. Nuttall, who have served in the role since 2021.
What type of organizational structure does KKR use?
KKR uses a hybrid structure combining centralized executive leadership with powerful investment platform heads.
How many direct reports does KKR's CEO have?
The Co-CEOs collectively have ten direct reports, including investment platform heads and corporate leaders.
How has KKR's leadership changed recently?
In January 2026, COO Ryan Stork stepped down, and in September 2025 Craig Arnold joined the Board.
Does KKR have a COO?
No. As of 2026, KKR does not have a standing Chief Operating Officer following the January departure.
Sources
- 8-K Filing, Jan 2026
- 8-K Filing, Sep 2025
- SEC EDGAR: KKR & Co. Inc. DEF 14A Proxy Statement
- SEC EDGAR: KKR & Co. Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). KKR & Co. Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/kkr/MLA 9th
"KKR & Co. Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/kkr/. Accessed .Chicago 17
Creately. "KKR & Co. Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/kkr/.Original SEC source View on SEC ↗
KKR & Co. Inc.. DEF 14A. Filed 2026-02-27. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1404912/000114036126007164/ny20061501x2_def14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/kkr/ · last updated 2026-04-01