[s9e12] The Chairman -

Reddington takes extreme measures to locate a hidden tracking device, a search that uncovers startling clues about the person who may have orchestrated Liz Keen’s death.

This episode fueled major speculation regarding Marvin Gerard . Many viewers correctly suspected he was the puppet master using Red’s bank accounts and deep secrets against him, even as Red remained focused on the ghost of Mr. Kaplan . [S9E12] The Chairman

is a high-stakes episode of The Blacklist that aired in March 2022. It centers on a uniquely modern threat: a dark web stock market where criminal organizations trade shares to stabilize their illicit empires. Key Plot Points & Subplots Reddington takes extreme measures to locate a hidden

The Chairman (played by guest star Craig Bierko ) operates the "Chairman of the Board" system, which allows criminal groups to thrive by treating their illegal activities like corporate assets. Kaplan

For a deep dive into the episode's intricate connections to the rest of the season, you can explore the full breakdown on the .