BlackRock Nominates Former Kuwait SWF Leader Bader M. Alsaad to Board of Directors

Posted on 03/15/2019


BlackRock, Inc. disclosed that Bader M. Alsaad, former Managing Director of the Kuwait Investment Authority (KIA), has been nominated to join its board of directors. Alsaad will be included as a nominee in BlackRock’s 2019 Proxy Statement. If selected by shareholders, he will serve as a director starting on May 23, 2019. Alsaad was Managing Director of the KIA from December 2003 until April 2017.

“Over the course of his accomplished career, Bader has been a globally respected leader in the investment world as well as a key adviser to some of the world’s leading corporations,” said Laurence D. Fink, BlackRock Chairman and CEO in a press release.

Current BlackRock board member Sir Deryck Maughan, who has served since 2006, will not stand for re-election.