BREAKING NEWS

Former CIA head Petraeus named chairman of new KKR institute

By REUTERS

MAY 30, 2013 13:36

Private equity firm Kohlberg Kravis Roberts & Co said it appointed former CIA Director David Petraeus as chairman of the newly created KKR Global Institute, which will study the investment implications of global macroeconomic, social and geopolitical issues.

Petraeus will also support KKR's investment teams in the diligence process, particularly in considering investments in new geographies, KKR said on Thursday.

Petraeus was credited with helping pull Iraq from the brink of an all-out civil war as commander there and US President Barack Obama turned to him to lead US forces in Afghanistan before moving to him to the CIA in 2011.

Petraeus resigned as head of the CIA in November, saying he had engaged in an extramarital affair.

The sex scandal involving Petraeus and his biographer Paula Broadwell, an Army reserve intelligence officer who is also married, provided fodder for comedians and triggered a media storm that followed his confession and resignation.

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