June 21, 2012
--- Susan L. Wagner, a co-founding partner of BlackRock Inc., will
retire at the end of June. ---
Wagner has been elected to the Board of Directors of
BlackRock, which has $3.7 trillion in assets under management. She also
will continue to serve as a director of DSP BlackRock Investment Managers, the
firm’s joint venture in India.
Wagner, 51, co-founded the company in 1988 and has been a vice
chair since 2006. She serves as a member of BlackRock’s Global Executive
Committee and Global Operating Committee. Previously, she was the firm’s chief
operating officer and head of corporate strategy, and led BlackRock's
international client and alternative investments businesses.
Wagner has been included in Fortune magazine's annual ranking of the "50 Most Powerful
Women in Business" for the past three years, has been named as one of the “Top
50 Women to Watch” by the Financial Times
and has been ranked twice on the “50 Most Powerful Women in New York” list by Crain’s New York Business. Among other
roles at BlackRock, Wagner has been the Global Executive Sponsor of the firm’s
Women’s Initiative Network (WIN), which has been integral to engaging and
fostering the potential of women at BlackRock.
“Sue’s influence has also been felt far beyond BlackRock,”
said Laurence D. Fink, chairman and chief executive of BlackRock. “Her innovations
in structured finance earlier in her career set a new direction for our
industry, and Sue has been a pioneer, role model and mentor for both women and
men in our firm and across our industry.”
Wagner has a bachelor’s degree in English and economics from
Wellesley College, and a master’s of business administration in finance from
the University of Chicago. Wagner is a member of the Board of Trustees of
Wellesley College and the Hackley School.