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BLACKROCK ELECTS BETH FORD AND KRISTIN PECK TO BOARD OF DIRECTORS
BlackRock reports:

New York - BlackRock, Inc. (NYSE: BLK) has elected Beth Ford, President and Chief Executive Officer of Land O'Lakes, Inc., and Kristin Peck, Chief Executive Officer of Zoetis Inc. - to the Company's Board as independent directors.

Laurence D. Fink, Chairman and CEO of BlackRock, said: "Beth and Kristin are recognized leaders in their respective industries, and they bring a wide range of valuable perspectives and experiences that will help BlackRock and the Board navigate the future.

"Key to that future is a mindset that embraces and accounts for our impact on all stakeholders - which is precisely what Beth champions through the Land O' Lakes cooperative framework which cares deeply about the company's impact on all of its stakeholders, including its shareholders, the agriculture community, and employees. Beth is also a recognized and influential voice on key issues including climate change, immigration, infrastructure and trade and we look forward to her contributions.

"Kristin is an outstanding executive who, having spent years at Pfizer, and now Zoetis, understands how to use technology and science to drive innovation. At the heart of BlackRock's success is a similar, relentless focus on innovation and always evolving ahead of our clients' future needs. Kristin's customer-centric focus and her ability to evolve Zoetis into a global leader in animal health and sustainability will make her an invaluable asset to the BlackRock board.

We welcome Beth and Kristin to our Board and we look forward to their advice and counsel."

Jessica P. Einhorn, who has served as a BlackRock board member since 2012, has decided not to stand for re-election at the company's next Annual Meeting of Shareholders in 2022.

"Jessica has served the BlackRock board with distinction. She has made a significant contribution to the growth of BlackRock around the world and we are grateful for her service," said Mr. Fink.

With the addition of Ms. Ford and Ms. Peck, BlackRock will have 18 Board members, of which 16 are independent and seven are women. Over 40 percent of BlackRock's directors have joined the Board in the past five years, reflecting the company's commitment to continually evolving and benefiting from fresh perspectives.


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