07:58 AM EDT, 05/15/2024 (MT Newswires) -- Vanguard said Tuesday its board appointed Salim Ramji as chief executive and a member of the board, starting July 8.

Ramji will succeed Tim Buckley, who is set to retire and step down as chairman and CEO.

Before this appointment, Ramji served as global head of iShares & Index Investing at BlackRock ( BLK ) until he stepped down in January 2024. Ramji previously served as BlackRock's ( BLK ) head of US Wealth Advisory and global head of Corporate Strategy.

In addition, Vanguard said Greg Davis, president and chief investment officer, will be appointed to the board. Davis will also oversee regulatory and government affairs.

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