BlackRock Lead Independent Director Murry S. Gerber To Retire From Board in 2024
November 07 2023 - 4:58PM
Business Wire
BlackRock, Inc. announced that Lead Independent Director, Murry
S. Gerber, has informed the Company’s Board of Directors of his
decision to not stand for re-election at the conclusion of his term
in May 2024 and retire after 23 years of service to the firm and
its shareholders. The announcement was made as the Board met today
for its regularly scheduled November meeting.
“For more than two decades, Murry has been an independent voice
and instrumental leader on BlackRock’s Board of Directors. He has
been central to the firm’s success and the enormous value created
for BlackRock shareholders,” said Chairman and CEO Laurence D.
Fink. “He has been a trusted advisor and exceptional partner to me
and the entire senior management team through important moments in
BlackRock’s history, and I sincerely thank Murry for his
contributions on behalf of our shareholders, clients, and
employees.”
Gerber has served on BlackRock’s Board of Directors since 2000
and as Lead Independent Director since 2017. His experience and
independence helped to guide critical decisions that shaped
BlackRock through a period of significant transformation, including
the acquisitions of Merrill Lynch Investment Managers in 2006 and
Barclays Global Investors (BGI) in 2009. Gerber was the Chairman
and CEO of integrated energy producer EQT Corporation before
stepping down in 2010.
The Company’s Board of Directors has begun a process to identify
the next Lead Independent Director, who will assume the role
following the 2024 annual meeting.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate.
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Investor Relations Caroline Rodda 212-810-3442
caroline.rodda@blackrock.com
Media Relations Ed Sweeney 646-231-0268
ed.sweeney@blackrock.com
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