Goldman Sachs Board Considers Naming John Waldron as Next CEO
David Solomon, CEO since 2018, could transition to executive chair role as early as next year.
The board of Goldman Sachs has discussed a potential leadership transition that could see President John Waldron succeed David Solomon as chief executive officer. Under the reported plan, Solomon, who has led the investment bank since 2018, would step down from the CEO role as soon as next year and transition to the position of executive chairman.
Waldron, who has been president and chief operating officer of Goldman Sachs since 2019, has been viewed as a potential successor to Solomon. His tenure as president has involved overseeing many of the bank's global operations.
The discussions come as Goldman Sachs navigates a complex financial landscape, including a strategic review of its consumer business and ongoing efforts to streamline operations. Solomon has been at the helm during a period of significant market volatility and strategic shifts for the firm.