Barbara Novick to step down as vice chairwoman of BlackRock
Barbara Novick
Barbara G. Novick will relinquish her position as vice chairwoman of BlackRock and retire on Feb.1, but will remain a senior adviser.
Ms. Novick headed BlackRock s global client group and worked closely with institutional clients for 20 years, said Laurence D. Larry Fink, chairman, and CEO and Robert S. Kapito, president, in a joint memo to employees Wednesday.
Ms. Novick was appointed head of BlackRock s public policy and investment stewardship teams in 2009, and shifted her focus to Washington politics and government relations.
In February, Ms. Novick stepped back from the day-to-operations of the two teams she led but retained her team titles.