BlackRock, Inc. (NYSE:BLK) today announced that Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies, and Jessica Einhorn, former Dean of the Paul H. Nitze School of Advanced International Studies (SAIS) at The Johns Hopkins University, have been elected to the Company’s Board of Directors. Ms. Einhorn will join the Board immediately and Mr. Freda will join in October.
Laurence D. Fink, BlackRock Chairman and CEO, said, “BlackRock is expanding our already highly respected Board of Directors to add capabilities critical to our continued growth and evolution as a global financial services leader in an extraordinarily challenging and rapidly changing market environment. Fabrizio Freda will bring valuable insights on running a large company with diverse worldwide operations and powerful consumer brands, and Jessica Einhorn will add further breadth to our Board’s diverse experience with her expertise in international finance, economic development and public policy.”
Jessica Einhorn served as Dean at the Paul H. Nitze School of Advanced International Studies (SAIS) at The Johns Hopkins University from 2002 until June of 2012. She spent nearly twenty years at the World Bank, concluding as Managing Director in 1998. Between 1998 and 1999, she was a Visiting Fellow at the International Monetary Fund. Prior to becoming Dean, she was a consultant at Clark & Weinstock, a strategic consulting firm. Prior to joining the World Bank in 1978 she held positions at the U.S. Treasury, the U.S. State Department and the International Development Cooperation Agency of the United States.
Ms. Einhorn has been a director of Time Warner, Inc. since 2005 and also serves as a director of the Peterson Institute for International Economics and the National Bureau of Economic Research. Ms. Einhorn served as a director of Pitney Bowes, Inc. from 1999 to 2005. As of July 2012, she is resident at The Rock Creek Group in Washington, DC, where she is a longstanding member of the Rock Creek Group Advisory Board.