– USA, NY – BlackRock registered closed-end funds (NYSE:BYM), announced today that Barbara G. Novick will resign from her position on the Board of Directors/Trustees of each Fund, effective February 16, 2018 at 5:30 p.m. Eastern time. In addition, the Funds announced today that the Board of each Fund has appointed Robert W. Fairbairn as an interested director/trustee, effective February 16, 2018 at 5:30 p.m. Eastern time, to fill the vacancy created by Ms. Novick’s resignation. Mr. Fairbairn has agreed to serve as an interested director/trustee of each Fund effective February 16, 2018 at 5:30 p.m. Eastern time.
Mr. Fairbairn is a Senior Managing Director of BlackRock, Inc., who oversees the Strategic Partner Program responsible for the firm’s largest client relationships and the Strategic Product Management Group responsible for the firm’s overall product strategy and product suite. Mr. Fairbairn is a member of BlackRock’s Global Executive Committee, Global Operating Committee and co-chairs the Human Capital Committee. From 2012 to 2016, Mr. Fairbairn served as the global head of the Retail and iShares businesses. Prior to that, he served as head of BlackRock’s Global Client Group and Chairman of BlackRock’s international businesses. Mr. Fairbairn currently serves as board member for the BlackRock Equity-Bond mutual fund family.
About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of December 31, 2017, the firm managed approximately $6.288 trillion in assets on behalf of investors worldwide.
For more information : http://www.blackrock.com
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