BlackRock has appointed Sallie L. Krawcheck, president of global wealth and investment management for Bank of America, and Mark D. Linsz, corporate treasurer for Bank of America, to its board of directors.
The appointments fill two seats vacated by Brian T. Moynihan and Daniel C. Sontag who have stepped down from the board.
Under the terms of BlackRock’s stockholder agreement with Merrill Lynch, Merrill Lynch may designate two directors to BlackRock’s board. Bank of America completed its purchase of Merrill Lynch in January 2009.
BlackRock’s board has 16 members, ten of whom are independent and not affiliated with the company.
“We are very pleased to welcome Sallie (pictured) and Mark as board members and look forward to the new business perspectives and talents each of them brings to the company,” says Laurence D. Fink, chairman and chief executive of BlackRock.