A new corporation, Kissinger China NewCo (KCN), will be formed to handle China-focused business operations of Kissinger Associates. Henry Kissinger will be Executive Chairman, and Joshua Ramo will be Chairman and CEO. KCN profits will be distributed to employees, with specific profit distributions to Kissinger for the first five years. The firm will initially be owned 100% by Ramo, with eventual shared ownership among partners. KCN aims to be a leading advisory firm on China-related commercial matters, covering its expenses from its own revenues. Existing clients will transition to KCN, and new clients will be signed. Early plans include forming an advisory board, hiring a President based in China, and obtaining necessary approvals and licenses.
documents/EFTA00584255.pdf
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