Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for "The Great Race" - to choose the successor - in what Fink calls is the "No. 1 priority", the report said, citing an interview with the CEO. Fink told the newspaper he hoped to build camaraderie among the five, and not competition, so they will keep working together. BlackRock did not immediately respond to Reuters' request for comment. BlackRock said it plans no major changes to the way it engages with companies.

Source: Wall Street Journal May 13, 2023 20:49 UTC