BlackRock Announces Addition to Board of Directors; Declares Dividend on Common Stock of $1.375
September 27 2011 - 4:56PM
Business Wire
BlackRock, Inc. (NYSE:BLK) announced that it has added to the
Company’s Board of Directors Marco Antonio “Tony” Slim Domit,
Chairman and Chief Executive Officer of Grupo Financiero Inbursa,
S.A.B. de C.V., a Mexico-based holding company that provides
banking and related services.
“Tony brings to our Board a global business perspective, with
particular expertise in the financial services industry in the
fast-growing markets of Latin America,” commented Laurence D. Fink,
Chairman and CEO of BlackRock. “Tony will provide valuable insight
into markets that are key priorities for BlackRock. We look forward
to welcoming Tony to the Board and know that he will make an
important contribution to BlackRock’s continued success.”
As Chairman and CEO of Grupo Financiero Inbursa, Mr. Slim
oversees a diversified financial services company that includes
subsidiaries providing retail and commercial banking services;
life, health, and property/casualty insurance; and brokerage and
investment services. He has experience across more than eighteen
countries.
With this appointment, BlackRock’s Board of Directors has 17
members, 10 of whom are independent and not affiliated with the
company. Mr. Slim, 43, has been Chairman of the Board of Directors
and Chief Executive Officer of Grupo Financiero Inbursa since 1997.
He is also President of The Carlos Slim Health Institute, Vice
Chairman of the Board of Impulsora del Desarrollo y el Empleo en
America Latina (IDEAL), and a board member of several other
companies in Latin America. Additional information can be found on
the Investor Relations section of www.blackrock.com.
Dividend
BlackRock’s Board of Directors has declared a quarterly cash
dividend of $1.375 per share of common stock, payable December 23,
2011 to shareholders of record at the close of business on December
5, 2011.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At June 30, 2011, BlackRock’s AUM was $3.659 trillion.
BlackRock offers products that span the risk spectrum to meet
clients’ needs, including active, enhanced and index strategies
across markets and asset classes. Products are offered in a variety
of structures including separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles.
BlackRock also offers risk management, advisory and enterprise
investment system services to a broad base of institutional
investors through BlackRock Solutions®. Headquartered in New York
City, as of June 30, 2011, the firm has approximately 9,700
employees in 26 countries and a major presence in key global
markets, including North and South America, Europe, Asia,
Australia, and the Middle East and Africa. For additional
information, please visit the Company's website at
www.blackrock.com.
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