– USA, NY – BlackRock, Inc. (NYSE: BLK) today announced the nomination of Hans Vestberg, Chairman and CEO of Verizon, for election to its Board as an Independent Director.
Mr. Vestberg will be included as a nominee in the 2021 Proxy Statement and, if elected, will join the Board after the AGM on May 26th.
“Hans’ leadership and international experience, as well as his deep knowledge of technology and sustainability, perfectly align with some of BlackRock’s most important priorities. He will bring valuable insights to our Board as we expand in key markets in Europe, use technology to continue transforming our business, and further embed sustainability into our investment processes and corporate practices,” said Chairman and CEO, Laurence Fink.
Mathis Cabiallavetta, who has served the Board with distinction since 2007, will not stand for re-election at BlackRock’s Annual Meeting.
“I want to thank Mathis for his passion and dedication to BlackRock and its shareholders over the last 13 years,” commented Laurence Fink. “His expertise and advice at critical moments in BlackRock’s growth, particularly in Europe, have been invaluable to the Board and me personally.”
Of the 16 candidates nominated for election, which include Mr. Vestberg, 14 are independent. The slate of director nominees includes five women, six non-U.S. or dual citizens, and three individuals who self-identify as racially or ethnically diverse.
About Hans Vestberg
Mr. Vestberg has served as the CEO of Verizon since 2018 and as Chairman since March 2019. Before these roles, Mr. Vestberg served as CTO and President of Global Networks at Verizon from 2017 to 2018. Before joining Verizon in 2017, Mr. Vestberg served for six years as president and CEO of Ericsson, a multinational networking and telecommunications equipment and services company headquartered in Sweden.
Mr. Vestberg is a board member of the UN Foundation and the Whitaker Peace & Development Initiative. He also serves as Chairman of the World Economic Forum EDISON Alliance. Mr. Vestberg has lived and worked in China, Chile, Brazil, and Mexico, in addition to the U.S. and Sweden.
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 more information: https://www.blackrock.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.