logo
Share SHARE
FONT-SIZE Plus   Neg

BlackRock Names Gary Shedlin Finance Chief - Update

BlackRock, Inc. (BLK) Tuesday said Gary Shedlin, a long-time strategic and financial advisor to the company, will join the firm as Senior Managing Director and Chief Financial Officer.

Shedlin will become a member of BlackRock's Global Executive Committee, reporting to Chairman and Chief Executive Officer Laurence Fink.

Shedlin replaces Ann Marie Petach, who is joining BlackRock Solutions as Senior Managing Director in the Client Solutions business. In this role, she will help develop critical client relationships and business initiatives with a special focus on solutions offerings for public and private pension funds.

Shedlin will join the firm on March 11 and work closely with Petach through a transition period until she completes her tenure as CFO after reporting BlackRock's first quarter earnings results.

Shedlin joins BlackRock from Morgan Stanley, where he is Vice Chairman, Investment Banking as well as a Managing Director in the Financial Institutions Group. He has spent over 25 years advising companies in the financial services sector including as Chairman of the Financial Institutions Group at Citigroup and Managing Director and Co-Head of the Financial Institutions Group at Lazard.

He has served as an advisor to BlackRock on nearly all its most significant strategic transactions. As Chief Financial Officer, he will be responsible for BlackRock's Corporate Finance functions including Business Finance; Accounting; Finance Operations; Tax, Treasury and Risk Management; as well as Investment Products & Controls.

Shedlin will also be responsible for Investor Relations and Corporate Development as well as Strategy, which has a co-report to Fink.

BLK closed down 0.3 percent on Tuesday at $238.86.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
RELATED NEWS
Trade BLK now with 
Follow RTT