BlackRock Elects New Independent Directors
16 March 2018 - 8:00AM
Business Wire
Bill Ford, Peggy Johnson and Mark Wilson
join BlackRock’s Board of Directors
Adds significant leadership and experience
in international financial services and technology
BlackRock, Inc. (NYSE: BLK) has elected William E. Ford, Chief
Executive Officer of General Atlantic, Margaret L. “Peggy” Johnson,
Executive Vice President of Business Development at Microsoft
Corporation and Mark Wilson, Chief Executive Officer of Aviva plc,
to the Company’s Board as independent directors.
BlackRock takes a strategic approach to board composition and
refreshment, balancing deep institutional and industry knowledge
with fresh perspectives on key areas of future growth. The
three new directors’ global perspective and combined expertise in
technology, financial services and fast-growing markets, such as
Asia-Pacific, reflects BlackRock’s current and future
priorities.
“We are delighted that Peggy, Bill and Mark have joined
BlackRock’s Board of Directors, and we are eager to benefit from
their guidance and advice,” said Chairman and CEO Laurence D. Fink.
“Peggy’s insights on technology and the innovation economy, Bill’s
understanding of the changing financial services landscape,
particularly as it relates to fintech and China, and Mark’s deep
experience in financial services in Europe and Asia-Pacific will be
a tremendous benefit to BlackRock’s management, clients and
shareholders.”
One third of BlackRock’s directors have been newly elected over
the past five years. BlackRock considers diversity in gender,
ethnicity, age, career experience and geographic location, as well
as intellectual diversity in the design and orientation of its
Board of Directors. BlackRock has five female Directors.
Abdlatif Y. Al-Hamad and James Grosfeld are not standing for
re-election at BlackRock’s 2018 Annual Meeting of Shareholders.
They have served the Board with distinction since 2009 and 1999,
respectively. “Both Abdlatif and Jimmy have been instrumental to
BlackRock’s success, and I want to sincerely thank them for their
passion and dedication to BlackRock during their tenures. Abdlatif
has given the board and BlackRock invaluable wisdom and guidance as
we have grown in the Gulf region and as a firm globally,” said
Fink. “I have been learning from Jimmy for close to 40 years, and
his advice has helped guide BlackRock from the very first day.”
Bill Ford
Mr. Ford is the Chief Executive Officer of General Atlantic, a
position he has held since 2007. He also serves as Chairman of
General Atlantic's Executive Committee and is a member of the
firm’s Investment and Portfolio Committees. Mr. Ford is actively
involved with a number of educational and not-for-profit
organizations. He is a member of the board of Rockefeller
University, where he is Vice Chair, and serves on the Board of
Directors of the National Committee on United States-China
Relations, and is a member of The Council on Foreign Relations. He
is also a member of the Steering Committee for the CEO Action for
Diversity and Inclusion initiative. Mr. Ford has formerly served on
the boards of First Republic Bank, NYSE Euronext, E*Trade,
Priceline and NYMEX Holdings.
Peggy Johnson
Ms. Johnson has been an Executive Vice President of Business
Development at Microsoft Corporation since September 2014. She is
responsible for driving strategic business deals and partnerships
across various industries. Ms. Johnson joined Microsoft from
Qualcomm Incorporated, where she served in various leadership
positions across engineering, sales, marketing and business
development. She most recently served as Executive Vice President
of Qualcomm Technologies, Inc. and President of Global Market
Development. Ms. Johnson is a Director of PATH and a Trustee of The
Paley Center for Media.
Mark Wilson
Mr. Wilson has served as the Chief Executive Officer of Aviva
plc, a multinational insurance company headquartered in the UK,
since 2013. Prior to joining Aviva, he worked in Asia for 14 years,
including as Chief Executive Officer of AIA Group Limited, a
leading pan-Asian company. Mr. Wilson is recognised for his
leadership on sustainability issues and is a member of the UN
Business and Sustainable Development Commission. In addition, he is
a member of the Development Board of the Royal Foundation for the
Duke and Duchess of Cambridge, Prince Harry and Ms. Meghan
Markle.
About BlackRock
BlackRock helps investors build better financial
futures. As a fiduciary to our clients, we provide the
investment and technology solutions they need when planning for
their most important goals. As of December 31, 2017, the firm
managed approximately $6.288 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock,
please visit www.blackrock.com | Twitter: @blackrock | Blog:
www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
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version on businesswire.com: http://www.businesswire.com/news/home/20180315006424/en/
BlackRockInvestor RelationsTom Wojcik,
212-810-8127Tom.Wojcik@BlackRock.comorCorporate
CommunicationsEd Sweeney,
646-856-4968Ed.Sweeney@BlackRock.com
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