The former chairman and chief executive of Edison International, John Bryson, has joined Kohlberg Kravis Roberts as a senior advisor to the firm’s infrastructure team.
Bryson retired from his position at Edison International, which he had held since 1990, at the end of last month. Edison International is the parent company of regulated electric utility Southern California Edison and competitive power generation business Edison Mission Group. Bryson joined Edison in 1984 by way of Southern California Edison.
His previous positions include partner at law firm Morrison & Foster, president of the California Public Utilities Commission, chairman of the California State Water Resources Control Board and co-founder of US environmental organization Natural Resources Defense Council.
KKR co-founders Henry Kravis and George Roberts issued a statement noting the value of Bryson’s experience building on and improving the assets and services of a large, complex, regulated business.
In May, KKR made public its plans to launch a global infrastructure initiative headed by former Lazard managing director George Bilicic. Bilicic advised KKR for Lazard on its $45 billion buyout of TXU, a Texan energy company, alongside TPG.
The infrastructure team will have a presence in Europe, Asia and draw on the expertise of KKR’s energy, power and natural resources group.
The firm is planning to raise a $5 billion (€3.2 billion) infrastructure fund, the Financial Times reported in May. “For the time being KKR will invest in infrastructure from existing funds,” an unnamed source told the UK newspaper.
Byson will join former McKinsey & Company director John Brookout and Clint Johnstone, former chief financial officer of civil infrastructure company Bechtel Group, as advisor to the infrastructure team.