KKR Financial Holdings (KFN) Reports Q2 EPS of $0.39; CEO Sonneborn to Retire
Tweet
Share
E-mailGet Alerts KFN Hot Sheet
Join SI Premium – FREE
KKR Financial Holdings (NYSE: KFN) reported Q2 EPS of $0.39, versus $0.39 reported last year. Revenue for the quarter came in at $137.2 million, versus $140.55 million reported last year.
The Company also announced today that President, CEO, and Director William Sonneborn, 43, informed the board of directors of his decision to retire after nearly five years at the Company acting in those capacities. Mr. Sonneborn has served as President and CEO since December 2008 and his decision to retire will bring to a close a remarkable period of extraordinary service to the Company and its shareholders across both financial and strategic metrics.
The Company’s board of directors elected Craig J. Farr, 41, to succeed Mr. Sonneborn as President and CEO and as a member of the Company’s board of directors. Mr. Farr, a member of KKR, joined KKR in 2006 and has served as the Global Head of KKR’s Capital Markets and Origination business. Prior to joining KKR, Mr. Farr spent 12 years at Citigroup Global Markets Inc. where he was promoted to Managing Director in 2001 and served as Co-Head of North American Equity Capital Markets. Mr. Farr’s previous responsibilities at Citigroup included Head of U.S. Convertible and Corporate Equity Derivative Origination. Mr. Farr began his career at Salomon Brothers within the investment banking division.
For earnings history and earnings-related data on KKR Financial Holdings (KFN) click here.
The Company also announced today that President, CEO, and Director William Sonneborn, 43, informed the board of directors of his decision to retire after nearly five years at the Company acting in those capacities. Mr. Sonneborn has served as President and CEO since December 2008 and his decision to retire will bring to a close a remarkable period of extraordinary service to the Company and its shareholders across both financial and strategic metrics.
The Company’s board of directors elected Craig J. Farr, 41, to succeed Mr. Sonneborn as President and CEO and as a member of the Company’s board of directors. Mr. Farr, a member of KKR, joined KKR in 2006 and has served as the Global Head of KKR’s Capital Markets and Origination business. Prior to joining KKR, Mr. Farr spent 12 years at Citigroup Global Markets Inc. where he was promoted to Managing Director in 2001 and served as Co-Head of North American Equity Capital Markets. Mr. Farr’s previous responsibilities at Citigroup included Head of U.S. Convertible and Corporate Equity Derivative Origination. Mr. Farr began his career at Salomon Brothers within the investment banking division.
For earnings history and earnings-related data on KKR Financial Holdings (KFN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nanometrics (NANO) Issues Business Update, Reports FY23 Results
- ESSA Bancorp (ESSA) Tops Q2 EPS by 13c
- O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
Create E-mail Alert Related Categories
Earnings, Management ChangesRelated Entities
Citi, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
