Joseph Baratta has notified the board of directors of Blackstone Inc. (NYSE: BX) of his intention to resign as a board member, effective December 31, 2026, according to a company statement.

Baratta's resignation is connected to his planned retirement from the company. The notification was made on October 9, 2026. He will continue to serve as a director until the effective date of his resignation.

Following his departure, the size of the Blackstone board will be reduced from eight members to seven members.