In 2011, KKR designed and launched Vets @ Work, an initiative aimed at recruiting and hiring veterans across our private equity portfolio companies. The Vets @ Work initiative highlights the extensive range of talents and leadership abilities veterans can bring to private sector employers. The initiative formalizes and strengthens KKR’s efforts to promote veteran-focused career development and support retention practices at our private equity portfolio companies, which together employ more than 900,000 people across a range of industries.
Thus far, the Vets @ Work participants have hired more than 12,000 veterans and our shared commitment to this initiative continues to grow. In addition, we expanded the program to an additional company, Academy Sports, bringing our total number of actively participating companies to nine. We also deepened our relationships with existing participants by developing a series of tools and making important resources available, such as expert third-party advisors, and added opportunities for our portfolio companies to share best practices with each other by facilitating semiannual group discussions and webinars.
By opening these conversations up to our entire private equity portfolio, we were able to reach additional portfolio companies that were not yet formally enrolled in the program. Lastly, we encouraged the Vets @ Work portfolio companies to attend key industry events. Six private equity portfolio companies participated in the Veterans on Wall Street (VOWS) Conference, of which KKR is a two-time sponsor, and three companies participated in the Robin Hood Foundation’s Veterans Hiring event.
KKR continues to strengthen our own commitment to veterans, and we have a number of U.S. veterans working at the Firm today. They include individuals who served in the U.S. Navy, U.S. Marine Corps, U.S. Air Force, and the U.S. Army, and they play key roles in KKR’s Vets @ Work program.
Vets @ KKR
Branch: US Army, Corps of Engineers
Highest Rank Achieved: Captain
Military Experience: Todd served as an Engineer officer in a number of leadership roles, including supporting Haitian reconstruction efforts.
KKR: KKR Capstone
Branch: US Navy, Surface Warfare Officer / Special Boat Unit
Highest Rank Achieved: Lieutenant
Military Experience: Scott was twice deployed to the Persian Gulf where he conducted Maritime Interdiction Operations from the USS Lake Champlain (CG 57) in support of the United Nations' Oil-for-Food Program with Iraq and conducted Special Boat Unit operations in support of Operation Enduring Freedom.
KKR: KKR Asset Management (Mezzanine Team)
Branch: U.S. Marine Corps 1972-1977 / U.S. Army 1979-1983
Highest Rank Achieved: Sergeant E-6
Military Experience: Joe served as a Marine in support of Operation Eagle Pull and Operation Frequent Wind during the final days of the Vietnam War from 1972-1977. He also served in the Army as a miliary advisor in Jordan from 1979-1983.
KKR: Security Professional
Paul E. Raether
Branch: US Navy
Highest Rank Achieved: Lieutenant (junior grade)
Military Experience: Paul was a Deck Officer on various ships and served in the combat zone in the Vietnam War.
KKR: Private Equity, Head of Portfolio Management Committee, Member of Management Committee and Investment Committee.
Branch: Marine Corps.
Highest Rank Achieved: Corporal
Military Experience: Mike served as a Field Wireman in Operation Desert Shield and Desert Storm, providing Joint Services Communications Support in Saudi Arabia and Kuwait.
KKR: Information Technology
Branch: US Air Force
Highest Rank Achieved: Captain
Military Experience: Steve was a C-141 Aircraft Commander, a T-1 Instructor Pilot, and an Airlift Control Squadron Operations Officer. During his time of service he flew missions in support of combat operations during both Operation Just Cause and Operation Desert Storm.
KKR: KKR Capstone
Resources and Useful Links
In 2012, Academy joined the Vets @ Work program and launched a veterans hiring program.
Launched a Military Friendly Hiring initiative, including a new training initiative to better identify talent when reviewing a military resume.
Del Monte continues its commitment to veterans hiring. In 2012 veterans made up more than 7% of the company’s full-time hires.
Recently announced as a finalist for the US Chamber of Commerce’s “Hiring our Heroes” award (winner to be announced November 10). “Hiring our Heroes” is a year-long nationwide effort, sponsored by the US Chamber of Commerce to help veterans and their spouses find meaningful employment.
Launched an internal training program to help recruiters better decipher military resumes and continue to attend veteran and military career fairs in the locations with large employee populations, such as Omaha, New York and Denver.
Launched an internal veteran-focused hiring program to help managers and recruiters understand military experience to match veteran applicants to job opportunities at HCA. Serves on the Veterans Employment Advisory Council (VEAC) for the US Chamber of Commerce’s “Hiring our Heroes” program. Participating in numerous job fairs for veterans this year.
Launched an internal veteran’s hiring program in November 2011 to help their teams connect with and recruit top military talent.
Toys 'R Us
In 2012, Toys”R”Us hired more than 1,200 veterans for full-time and seasonal positions in its stores, corporate headquarters, and distribution facilities.
Helped build rewarding careers for veterans by partnering with Recruit Military and establishing relationships with local Veteran Employment and Disabled Veterans Outreach Representatives at local State Workforce Centers. Other partnerships include Catholic Charities Veterans Employment Service, American GI Forum, and Goodwill Industries of Houston Veteran’s Outreach & Employment Services, National Guard Job Connection Education Program (JCEP), and Nellis Air Force Base. US Foods is also proud to serve more than 200 military related customers and base installations across the country.
U.S. Chamber of Commerce
The US Chamber of Commerce launched its Hiring our Heroes program to help veterans and their spouses find meaningful employment.
The Value of a Veteran
The Value Of a Veteran is a woman-owned, veteran-owned consulting service that specializes in educating HR and diversity professionals on the best practices for finding, recruiting, and retaining military service members and veterans with disabilities.
Veterans on Wall Street
Veterans on Wall Street (VOWS) is an initiative dedicated to honoring former military personnel and employees currently in the National Guard and Reserve by facilitating career and business opportunities in the financial services industry.