Charles Robbins joins the board of BlackRock

Citibanamex

BlackRock has announced the appointment of Charles Robbins as a member of its Board of Directors.

Charles Robbins is currently the Chief Executive Officer of Cisco Systems, Inc.

BlackRock said in statement that Charles Robbins will be included as a nominee in BlackRock’s 2017 proxy statement and if elected by shareholders, he will join the Board as an independent director following the company’s Annual Meeting on May 25.

“Throughout his career, Chuck has helped global corporations navigate a world being reshaped by technological advancement,” said Laurence D. Fink, BlackRock Chairman and CEO. “At BlackRock, technology is rapidly transforming how we invest, measure risk, distribute our products, and run our operations. Embracing and driving that transformation has been a key differentiator for BlackRock since our founding and remains core to our future success.

“We have consciously developed our Board with an eye towards the future. Since 2012, we’ve added five independent directors who bring fresh perspectives and diverse skills and experiences to help shape the company’s long-term growth strategy. Chuck brings a deep understanding of technology’s promise to our Board at a crucial time for BlackRock.”

Mr. Robbins serves as the Chief Executive Officer of Cisco and a member of its board of directors. Prior to assuming this role in July 2015, he was Senior Vice President of Cisco’s Worldwide Field Operations and led its Worldwide Sales and Partner Organization where he helped drive and execute many of Cisco’s investment areas and strategy shifts. He serves as Chairman of the U.S.-Japan Business Council, Chair of the IT Governors Steering Committee for the World Economic Forum and is a Member of the International Business Council for the World Economic Forum and The Business Roundtable.

BlackRock is an American based fund manger with over USD5.1 trillion of assets under management.