Kohlberg Kravis Roberts & Co. has apppointed Claire Scobee Farley and David Rockecharlie, founders of RPM Energy, as Managing Directors.
Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) today announced that Claire Scobee Farley and David Rockecharlie, founders of RPM Energy LLC (“RPM”), will join the firm as Managing Directors, effective November 1, 2011.
Prior to joining KKR, Ms. Farley and Mr. Rockecharlie co-led and co-founded RPM, a privately-owned oil and gas exploration and development company that KKR partnered with in 2010 to target opportunities to support E&P companies in the large unconventional resource plays.
Commenting on the appointments, Marc Lipschultz, Global Head of KKR’s Energy & Infrastructure business, said, “We are delighted to welcome these leading experts more formally to KKR and are excited to further expand our energy and infrastructure efforts. In addition to helping grow our existing businesses, Claire and David will help us build additional lines of business in the energy and infrastructure arena over time.”
With the appointment, KKR will be ending the separate build-up of RPM. RPM’s team of oil and gas experts will remain at RPM, and RPM will become an exclusive partner to KKR across the full range of KKR’s energy related businesses, with a focus on evaluating and managing asset-level investments in oil and gas.
The appointments further strengthen KKR’s growing energy and infrastructure business. KKR has been investing in the energy sector and the oil and gas sector, in particular, for more than twenty years, dating back KKR’s investment in Union Texas Petroleum in 1985. Today, KKR’s global energy and infrastructure business spans the globe and covers the full energy supply chain.
About Claire Scobee Farley
Prior to founding RPM, Ms. Farley was Co-President of Jefferies Randall & Dewey from February 2005 to August 2008 and Chief Executive Officer of Randall & Dewey, oil and gas asset transaction advisors, from September 2002 until February 2005 when Randall & Dewey became the Oil and Gas Investment Banking Group of Jefferies & Company, Inc. Ms. Farley has extensive expertise in oil and gas exploration operations, business development and marketing having spent 18 years (1981 to 1999) at Texaco, Inc. where her roles included Chief Executive Officer, HydroTexaco; President, North American Production Division; and President, Worldwide Exploration & New Ventures. She also served as Chief Executive Officer of two start-up ventures, Intelligent Diagnostics Corporation (October 1999 to January 2001) and Trade-Ranger Inc. (January 2001 to May 2002).
Ms. Farley serves on the Board of Directors of Encana, Inc. and of FMC Technologies, Inc. She holds a Bachelor of Science in geology from Emory University.
About David Rockecharlie
Prior to founding RPM, Mr. Rockecharlie was Co-Head of Jefferies Randall & Dewey (the Energy Investment Banking Group at Jefferies & Company) from June 2008 to June 2010 and Managing Director and Head of Corporate Finance from February 2005 to June 2008. Previously, Mr. Rockecharlie was a partner and Managing Director of Randall & Dewey, oil and gas asset transaction advisors, from June 2003 until the acquisition of Randall & Dewey by Jefferies & Company in February 2005. Mr. Rockecharlie also has extensive industry experience, having served as an executive of El Paso Corp., from March 2000 to April 2003. While at El Paso, Mr. Rockecharlie led a variety of corporate activities including business segment repositioning and restructuring, capital markets financing, risk management, business development and strategic planning. He also served as Senior Vice President in El Paso’s Merchant Energy Group focusing on operating and financial responsibilities within the firm’s unregulated businesses, which included oil and gas exploration and production, power generation and energy marketing and trading. From March 1996 to March 2000, Mr. Rockecharlie was an energy investment banker with Donaldson Lufkin & Jenrette. He began his career as an investment banker at SG Warburg & Co. in 1994. Mr. Rockecharlie received an A.B. in Economics, magna cum laude, from Princeton University.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.9 billion in assets under management as of June 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR).