Bank of America executives Sallie Krawcheck and Mark D. Linsz named to BlackRock board

BofA exec Sallie Krawcheck joins BlackRock board

NEW YORK — Investment manager BlackRock Inc. on Friday said Bank of America executives Sallie Krawcheck and Mark D. Linsz joined its board.

Under the terms of BlackRock’s stockholder agreement with Merrill Lynch, the brokerage may designate two directors to BlackRock’s board. Bank of America bought Merrill a year ago amid the market meltdown, and completed the purchase in January.

Krawcheck, 44, is president of global wealth and investment management for Bank of America, and former chief financial officer for Citigroup. She stepped down from the board of computer maker Dell Inc. last week, citing the need to focus on her duties with Bank of America.

Linsz, 45, is corporate treasurer for Bank of America.

Krawcheck and Linsz are taking seats vacated by Brian T. Moynihan and Daniel C. Sontag, who stepped down from the Board.

Moynihan, currently president of consumer and small business banking for Bank of America, served as president of Bank of America’s global wealth and investment management operation before taking on his current role.

He, like Krawcheck, has been named by analysts as a possible successor to BofA CEO Ken Lewis, who is stepping down at year’s end.

Sontag, former president of global wealth management at Merrill Lynch, announced his retirement in August.

BlackRock shares closed Friday up $2.69, at $216.55.