Larry Fink Works to Prepare Next Generation of BlackRock Leaders

BlackRock Inc. Chief Executive Officer Larry Fink said he’s working to prepare the next generation of leaders of the world’s largest money manager and doesn’t intend to stand in their way.

“I don’t want to be somebody there sitting there just blocking and tackling,” Fink, 71, said Wednesday in Washington at an event about retirement that was organized by Axios. “When I do believe the next generation is ready, I’m out.”

Larry Fink

Photographer: Jeenah Moon/Bloomberg

“I may be out as a CEO, I may stay as a chairman, but I’m not going to be a blocker,” Fink said. “As a founder of my ...