𝙆𝙤𝙘𝙝 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙞𝙚𝙨 𝙍𝙚𝙗𝙧𝙖𝙣𝙙𝙨 𝙩𝙤 𝙍𝙚𝙛𝙡𝙚𝙘𝙩 𝘿𝙞𝙫𝙚𝙧𝙨𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣
Koch Industries Inc., the second-largest privately held company in the U.S., is rebranding after nearly 60 years. The top-level holding company will now be known as 𝑲𝒐𝒄𝒉 𝑰𝒏𝒄., and a new financially rated subsidiary, 𝑲𝒐𝒄𝒉 𝑪𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 𝑳𝑳𝑪, will be established. This change will take effect in the third quarter.
The Wichita, Kansas-based conglomerate, with annual revenues of approximately $125 billion, has diversified into oil refining, pipelines, commodities trading, ranching, and paper pulp. Charles Koch, co-CEO, owns 38% of the company and is ranked 22nd on the Bloomberg Billionaire Index.
“We are no longer only an industrial company, but also a company involved in technology of all kinds,” the company stated.
Koch Industries, under founder Fred Koch and continuing today, has been notably active in politics, supporting conservative causes with substantial funding. Recent leadership changes include the appointment of Dave Robertson as co-CEO.
What do you think about Koch Industries' new direction?
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