BlackRock elects Bayo Ogunlesi to Board following GIP acquisition

BlackRock, Inc.

Adebayo Ogunlesi, CEO of Global Infrastructure Partners, elected to BlackRock's Board on Nov 19, 2024.
Board now has 17 members (14 independent); Ogunlesi serves as non-independent director.
Ogunlesi receives no director compensation; eligible for employee comp: $250K salary, target 2024 bonus >=$3.75M.
Future compensation may include carried interest from GIP funds; aircraft lease agreement for business travel.
GIP acquisition closed Oct 2024 for $3B cash and ~12M shares; Ogunlesi received proportionate share consideration.

item 5.02 item 9.01

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Appointed

Adebayo Ogunlesi

director

BLK · BlackRock, Inc.

Effective: 2024-11-19
Filed: November 19, 2024, 6:59 PM ET

On November 19, 2024, the Board of Directors (the “Board”) of BlackRock, Inc. (the “Company”) elected Adebayo Ogunlesi to serve as a director.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adebayo Ogunlesi was elected as director at BlackRock, Inc..

Action: elected
Role: director

Exact text from the filing

On November 19, 2024, the Board of Directors (the “Board”) of BlackRock, Inc. (the “Company”) elected Adebayo Ogunlesi to serve as a director.

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Source: SEC EDGAR

accession 0001193125-24-261807

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