On November 19, 2024, Blackrock elected Adebayo Ogunlesi, Founding Partner and CEO of Global Infrastructure Partners (GIP), to its Board of Directors. This appointment follows Blackrock's recent $3 billion acquisition of GIP, completed in October 2024. Ogunlesi joins as a non-independent director and will not participate in the company's director compensation program.As a Senior Managing Director at Blackrock and member of its Global Executive Committee, Ogunlesi is eligible for an annual base salary of $250,000 and a target discretionary bonus of at least $3.75 million for 2024. His future compensation may include carried interest distributions from certain GIP funds. Ogunlesi also received his share of the GIP acquisition consideration and entered into registration rights and stockholder agreements related to the share consideration.The...Show More

On November 19, 2024, Blackrock elected Adebayo Ogunlesi, Founding Partner and CEO of Global Infrastructure Partners (GIP), to its Board of Directors. This appointment follows Blackrock's recent $3 billion acquisition of GIP, completed in October 2024. Ogunlesi joins as a non-independent director and will not participate in the company's director compensation program.As a Senior Managing Director at Blackrock and member of its Global Executive Committee, Ogunlesi is eligible for an annual base salary of $250,000 and a target discretionary bonus of at least $3.75 million for 2024. His future compensation may include carried interest distributions from certain GIP funds. Ogunlesi also received his share of the GIP acquisition consideration and entered into registration rights and stockholder agreements related to the share consideration.The appointment aligns with Blackrock's goal to become the premier long-term capital partner across public and private markets. CEO Laurence D. Fink emphasized Ogunlesi's deep experience in capital markets and infrastructure investment as valuable assets for the company's future growth. With this addition, Blackrock's Board now consists of 17 members, including 14 independent directors.