BlackRock, Inc. ·BLK

President and COO both sit above BlackRock’s investment divisions

Financials · Fortune #210 · Divisional structure · 21K employees · New York, NY

4
CEO span
↓ tighter than peers (avg 7)
4
Avg span
moderate
2
Max depth
2 levels
12 yr
Avg tenure
100%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$24.2B
Operating income
$7.0B
Net income
$5.6B
Total assets
$170.0B
Shares out
155M

Sourced from BlackRock, Inc. DEF 14A · filed 2026-04-10 ↗ View on SEC

Interactive org chart

BlackRock, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

President and COO both sit above BlackRock’s investment divisions, an uncommon dual-executive layer for a global asset manager. This page maps BlackRock’s top leadership structure, highlights recent executive changes, and compares its governance model with major peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Gregg R. Lemkau joined as Director

Elected to the Board on January 27, 2026.

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Create a Chief AI Officer role to unify AI strategy across Aladdin and investment platforms.
  • Move PMG under COO Shift Portfolio Management Group to report to the COO to reduce CEO span of control.

Atlas work this supports

  • Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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  • Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.

The people

Who's running this

5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Laurence D. Fink

Chairman and Chief Executive Officer

Executive

37 yr

4 reports

internal

Robert S. Kapito

President

Executive

26 yr

0 reports

internal

Robert L. Goldstein

Chief Operating Officer

Operations

7 yr

0 reports

internal

Martin S. Small

Chief Financial Officer and Global Head of Corporate Strategy

Finance

5 yr

0 reports

internal

J. Richard Kushel

Head of Portfolio Management Group

Investments

10 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.

Laurence D. Fink $37.7M
Base salary
$1.50M
Bonus
$10.57M
Stock awards
$24.60M
Other
$1.08M
Fiscal year
FY2025
Source
SEC DEF 14A ↗

The businesses

How BlackRock, Inc. divides the work

3 divisions report into the group CEO. Tile size scales with estimated headcount.

Investments

9K employees

Head of Portfolio Management Group (J. Richard Kushel)

Oversees portfolio management across active, index, and alternatives strategies globally.

Global Operations

5K employees

Chief Operating Officer (Robert L. Goldstein)

Manages global operating infrastructure, technology, and service delivery.

Finance & Strategy

2K employees

Chief Financial Officer (Martin S. Small)

Responsible for financial reporting, capital management, and corporate strategy.

The thesis

Why this org is unusual

BlackRock’s most distinctive structural feature is that both the President and the COO sit directly above the firm’s global investment and operating divisions.

This creates a powerful dual-executive layer beneath the CEO, concentrating coordination and execution authority at the top.

The structure reflects BlackRock’s scale and complexity as a global asset manager with both investment and technology platforms. Investment leadership (PMG) and corporate control (Finance, Operations) report directly to the CEO, reinforcing centralized strategic control while still allowing divisional execution across asset classes and regions.

  • President and COO both report directly to CEO

The comparison

How BlackRock, Inc. stacks up

Compared with peers such as Vanguard and Fidelity, BlackRock maintains a more layered executive model with both a President and a COO. Many competitors consolidate operational oversight into a single COO role, whereas BlackRock splits strategic, operational, and investment leadership across multiple senior executives. …

C-suite size

BlackRock, Inc.
5
Vanguard
6
Fidelity
7
State Street
8
T. Rowe Price
6

Reporting depth

BlackRock, Inc.
2 levels
Vanguard
4 levels
Fidelity
5 levels
State Street
5 levels
T. Rowe Price
4 levels

Avg C-suite tenure

BlackRock, Inc.
12 yr
Vanguard
10 yr
Fidelity
12 yr
State Street
8 yr
T. Rowe Price
11 yr

Has COO / Has CAIO

BlackRock, Inc. ✓ COO — no CAIO
Vanguard ✓ COO — no CAIO
Fidelity ✓ COO — no CAIO
State Street ✓ COO — no CAIO
T. Rowe Price — no COO — no CAIO

Current signals

What changed recently

In early 2026, BlackRock added Gregg Lemkau to its Board and introduced a new executive carry incentive program.

  • new
    Gregg R. Lemkau Director

    Elected to the Board on January 27, 2026.

    Source
  • reorg
    Executive Carry Program Senior Executives

    Adoption of a new executive carry-based incentive program on January 13, 2026.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-04-10
CEO
Laurence D. Fink
CEO span
4
C-suite
5
Avg tenure
12 yr

Leadership remained stable with long-tenured founders and internal promotions.

Named executive officers (5)
  • Laurence D. Fink - CEO since 1988
  • Robert S. Kapito - President since 1999
  • Robert L. Goldstein - COO since 2019
  • Martin S. Small - CFO since 2020
  • J. Richard Kushel - Head of PMG since 2015

Frequently Asked Questions

Who is the CEO of BlackRock?

Laurence D. Fink has served as Chairman and CEO of BlackRock since founding the firm in 1988.

What type of organizational structure does BlackRock use?

BlackRock uses a divisional structure organized around investment platforms and global functions.

How many direct reports does BlackRock's CEO have?

The CEO has four direct reports, including the President, COO, CFO, and Head of Portfolio Management.

How has BlackRock's leadership changed recently?

In 2026, BlackRock added a new independent director and introduced a new executive carry incentive program.

Does BlackRock have a COO?

Yes. Robert L. Goldstein serves as Chief Operating Officer and reports directly to the CEO.

Sources

  • 8-K Filing, Jan 2026
  • SEC EDGAR: BlackRock, Inc. DEF 14A Proxy Statement
  • SEC EDGAR: BlackRock, Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th
Creately. (2026). BlackRock, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/blackrock/
MLA 9th
"BlackRock, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/blackrock/. Accessed .
Chicago 17
Creately. "BlackRock, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/blackrock/.
Original SEC source View on SEC ↗
BlackRock, Inc.. DEF 14A. Filed 2026-04-10. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/2012383/000130817926000262/ny-20260410.htm

Permanent URL: https://creately.com/org-chart/fortune-500/blackrock/ · last updated 2026-04-01

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