KKR corporate credit and equity head William Sonneborn has reportedly revealed he plans to step down to pursue a new challenge.
Former Goldman Sachs investment banker Sonneborn told analysts his decision in a conference call yesterday, quoting Orson Welles by saying “’If you want a happy ending, you need to know when to end your story”.
Reuters said that KKR had “expressed disappointment” with the 43-year-old’s decision but praised his contribution to the firm.
It said Sonneborn would be replaced in the interim by 41-year-old Craig Farr, who is currently head of KKR’s capital markets and origination business.
Farr told analysts on the same call that “Bill’s calm leadership, long-term focus and commitment to protecting shareholder value not only navigated KFN through the crisis but to its current position of stability and strength”.
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