Jim Kilts Joins Centerview Partners

Will Lead Firm's Private Equity Business



Sep 20, 2006, 01:00 ET from Centerview Partners

    NEW YORK, Sept. 20 /PRNewswire/ -- Centerview Partners announced that
 James M. Kilts, Vice Chairman of the Board-Gillette, The Procter & Gamble
 Company (NYSE:   PG) and former Chairman, Chief Executive Officer and
 President of The Gillette Company, will join the firm as a founding partner
 to help build its private equity effort.
     Centerview Partners will initially focus its investment activities in
 consumer-oriented companies, capitalizing on the firm's network and
 expertise in the sector and Mr. Kilts' 35-year career in consumer products.
 It will look for investments with primary operations in the U.S. where it
 can bring strategic and operational improvements and tap Mr. Kilts'
 experience turning around world-class branded companies such as Gillette
 and Nabisco.
     "My career has been focused on building brands, and this is an
 opportunity to build brands in various sectors," said Mr. Kilts.
 "Operational improvements will be our key focus. Centerview Partners will
 have operational and financial expertise to build companies, brands and
 management teams."
     Centerview Partners, based in New York, is a recently launched firm
 specializing in independent advice and other client services founded by
 Stephen Crawford, formerly Co-President, Morgan Stanley, Blair Effron,
 formerly Vice Chairman, UBS, and Robert Pruzan, formerly Chief Executive
 Officer of Dresdner Kleinwort Wasserstein North America and President of
 Wasserstein Perella & Co. The new firm will capitalize on the experience of
 its principals and will provide senior-level counsel to both domestic and
 international clients. Members of the firm have experience in a range of
 industries including the consumer products, financial services, food and
 beverage, general industrial and retail sectors.
     "I'm excited to work with the Centerview Partners team," said Mr.
 Kilts. "My partners have the three qualities I look for: intelligence,
 energy and integrity."
     Mr. Kilts' primary focus will be the private equity fund, but will
 engage in select strategic advisory services for the firm's clients.
     "We are thrilled to have someone of Jim's caliber join us," the three
 partners said in a statement. "To have one of the most successful CEOs of
 the last 25 years as a partner will bring a unique strategic and
 operational perspective to our firm."
     About James M. Kilts
     James M. Kilts is a founding partner of Centerview Partners. Prior to
 that, he was Vice Chairman of the Board-Gillette, The Procter & Gamble
 Company. Mr. Kilts was formerly Chairman of the Board, Chief Executive
 Officer and President of The Gillette Company before the company's merger
 with P&G in October 2005. He was elected to these positions in January
 2001, February 2001, and November 2003, respectively.
     Mr. Kilts had served since January 1998 as President and Chief
 Executive Officer of Nabisco, which was acquired in December 2000 by Philip
 Morris Companies.
     Before joining Nabisco, Mr. Kilts headed the $27 billion Worldwide Food
 group of Philip Morris, where he was an Executive Vice President from 1994
 to 1997. In that role, he was responsible for integrating Kraft and General
 Foods worldwide and for shaping the group's domestic and international
 strategy and plans.
     Prior to that position, Mr. Kilts served as President of Kraft USA and
 Oscar Mayer and oversaw the consolidation of these businesses into one
 company. He earlier had served as Senior Vice President of strategy and
 development; President of Kraft Limited in Canada; and Senior Vice
 President of Kraft International. Mr Kilts began his career with General
 Foods Corporation in 1970.
     A graduate of Knox College, Galesburg, Illinois, Mr. Kilts earned a
 Master of Business Administration degree from the University of Chicago.
     Mr. Kilts is a member of the Board of Directors of Met Life Inc. and
 The New York Times. He also is a member of Citigroup's International
 Advisory Board. He serves on the Board of Trustees of Knox College, the
 American Institute for Contemporary German Studies, and the University of
 Chicago. He is Chairman of the Advisory Council of the University of
 Chicago Graduate School of Business.
     Contact: Steven Lipin, Brunswick Group, (212-333-3810)
 
 

SOURCE Centerview Partners
    NEW YORK, Sept. 20 /PRNewswire/ -- Centerview Partners announced that
 James M. Kilts, Vice Chairman of the Board-Gillette, The Procter & Gamble
 Company (NYSE:   PG) and former Chairman, Chief Executive Officer and
 President of The Gillette Company, will join the firm as a founding partner
 to help build its private equity effort.
     Centerview Partners will initially focus its investment activities in
 consumer-oriented companies, capitalizing on the firm's network and
 expertise in the sector and Mr. Kilts' 35-year career in consumer products.
 It will look for investments with primary operations in the U.S. where it
 can bring strategic and operational improvements and tap Mr. Kilts'
 experience turning around world-class branded companies such as Gillette
 and Nabisco.
     "My career has been focused on building brands, and this is an
 opportunity to build brands in various sectors," said Mr. Kilts.
 "Operational improvements will be our key focus. Centerview Partners will
 have operational and financial expertise to build companies, brands and
 management teams."
     Centerview Partners, based in New York, is a recently launched firm
 specializing in independent advice and other client services founded by
 Stephen Crawford, formerly Co-President, Morgan Stanley, Blair Effron,
 formerly Vice Chairman, UBS, and Robert Pruzan, formerly Chief Executive
 Officer of Dresdner Kleinwort Wasserstein North America and President of
 Wasserstein Perella & Co. The new firm will capitalize on the experience of
 its principals and will provide senior-level counsel to both domestic and
 international clients. Members of the firm have experience in a range of
 industries including the consumer products, financial services, food and
 beverage, general industrial and retail sectors.
     "I'm excited to work with the Centerview Partners team," said Mr.
 Kilts. "My partners have the three qualities I look for: intelligence,
 energy and integrity."
     Mr. Kilts' primary focus will be the private equity fund, but will
 engage in select strategic advisory services for the firm's clients.
     "We are thrilled to have someone of Jim's caliber join us," the three
 partners said in a statement. "To have one of the most successful CEOs of
 the last 25 years as a partner will bring a unique strategic and
 operational perspective to our firm."
     About James M. Kilts
     James M. Kilts is a founding partner of Centerview Partners. Prior to
 that, he was Vice Chairman of the Board-Gillette, The Procter & Gamble
 Company. Mr. Kilts was formerly Chairman of the Board, Chief Executive
 Officer and President of The Gillette Company before the company's merger
 with P&G in October 2005. He was elected to these positions in January
 2001, February 2001, and November 2003, respectively.
     Mr. Kilts had served since January 1998 as President and Chief
 Executive Officer of Nabisco, which was acquired in December 2000 by Philip
 Morris Companies.
     Before joining Nabisco, Mr. Kilts headed the $27 billion Worldwide Food
 group of Philip Morris, where he was an Executive Vice President from 1994
 to 1997. In that role, he was responsible for integrating Kraft and General
 Foods worldwide and for shaping the group's domestic and international
 strategy and plans.
     Prior to that position, Mr. Kilts served as President of Kraft USA and
 Oscar Mayer and oversaw the consolidation of these businesses into one
 company. He earlier had served as Senior Vice President of strategy and
 development; President of Kraft Limited in Canada; and Senior Vice
 President of Kraft International. Mr Kilts began his career with General
 Foods Corporation in 1970.
     A graduate of Knox College, Galesburg, Illinois, Mr. Kilts earned a
 Master of Business Administration degree from the University of Chicago.
     Mr. Kilts is a member of the Board of Directors of Met Life Inc. and
 The New York Times. He also is a member of Citigroup's International
 Advisory Board. He serves on the Board of Trustees of Knox College, the
 American Institute for Contemporary German Studies, and the University of
 Chicago. He is Chairman of the Advisory Council of the University of
 Chicago Graduate School of Business.
     Contact: Steven Lipin, Brunswick Group, (212-333-3810)
 
 SOURCE Centerview Partners