Statement from Koch Industries Chairman and CEO Charles Koch on the Passing of his Brother David

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Aug 23, 2019, 08:54 ET

WICHITA, Kan., Aug. 23, 2019 /PRNewswire/ -- Today, Koch Industries Chairman and CEO Charles Koch issued the following statement on the passing of his brother David Koch:

"It is with a heavy heart that I announce the passing of my brother David. Anyone who worked with David surely experienced his giant personality and passion for life. Twenty-seven years ago, David was diagnosed with advanced prostate cancer and given a grim prognosis of a few years to live. David liked to say that a combination of brilliant doctors, state-of-the-art medications and his own stubbornness kept the cancer at bay. We can all be grateful that it did, because he was able to touch so many more lives as a result.

"In those bountiful years, he married the lovely Julia Flesher, had three exceptional children, while remaining dedicated to the long-term success of Koch Industries. David also made institution changing philanthropic commitments to hospitals, cancer research, education and the arts. The significance of David's generosity is best captured in the words of Adam Smith, who wrote, 'to indulge our benevolent affections, constitutes the perfection of human nature.'

"While this is a very sad day for us all, I want you to know that David was proud of the extraordinary work you all have done to make Koch Industries the successful company that it is today. He will be greatly missed, but never forgotten."

David retired as executive vice president of Koch Industries in 2018. He leaves behind his wife, Julia Koch, and three beloved children. David's family released this statement on his passing:

"While we mourn the loss of our hero, we remember his iconic laughter, insatiable curiosity, and gentle heart. His stories of childhood adventures enlivened our family dinners; his endless knowledge rendered him our 'walking Google.' His sensitive heart had him shed a tear at the beauty of his daughter's ballet, and beam with pride when his son beat him at chess. We will miss the fifth link in our family.

"Yet, we wish for all to celebrate the life and impact of this most generous and kind man. He believed he had a responsibility to a world that had given him so many opportunities to succeed. David's philanthropic dedication to education, the arts and cancer research will have a lasting impact on innumerable lives - and that we will cherish forever."

To learn more about David Koch's life and legacy, visit https://news.kochind.com/.

Koch Industries, Inc.

Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $110 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $105 billion in growth and improvements. With a presence in 60 countries, Koch companies employ nearly 130,000 people worldwide, with about 67,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and information, visit www.KOCHind.com.

SOURCE Koch Industries