KKR brings two on board(2)

The private equity giant has named as senior advisors the former CFO of Siemens and the former CEO of Agere Systems.

Kohlberg Kravis Roberts announced this week two new hires. Heinz-Joachim Neubürger was appointed as a senior advisor and managing director, and Richard Clemmer will join the firm as a senior advisor.

Neubürger was previously the chief financial officer of Siemens AG, and then an independent director for KKR Guernsey GP, a position he has since resigned. Neubürger has experience in Asia, as head of corporate finance at JP Morgan in Tokyo and head of finance and business administration for Siemens in Mumbai. In his role as senior advisor and managing director at KKR, Neubürger will draw on his background to expand KKR’s investments in Asia.

Neubürger will also focus on European investments, another market in which KKR seeks to expand. He previously worked at JP Morgan in Frankfurt and Siemens in Munich.

In his capacity as senior advisor, Clemmer will work to improve the development and operations of the high-tech companies in KKR’s portfolio. Clemmer was most recently chief executive officer of Agere Systems, a Lucent spin-out and semiconductor producer. Before his time at Agere, Clemmer was the chief financial officer at Quantum Corporation, a hard-disk drive storage producer.

KKR is currently seeking partners for the proposed $26 billion (€19.5 billion) acquisition of First Data Corporation. The firm is also working out the terms of a bid to acquire Texas-based utilities company TXU with partner TPG. Earlier this month, the firm bought a 16.1 percent stake in Taiwan-based passive components maker Yageo Corporation for $230 million.