Goldman Sachs board is reportedly eyeing a plan to replace David Solomon as CEO
The board has discussed naming COO John Waldron as chief executive as soon as late 2027, with Solomon potentially staying on as executive chairman
Goldman Sachs is considering a succession plan to promote John Waldron to CEO from David Solomon next year, according to a report by The Wall Street Journal. The plan, which is still in discussion and has no set timeline, would require approval from the board of directors before becoming official. It could see John Waldron commence his tenure as CEO as early as 2027 or early 2028.
Solomon, who has been leading the investment bank for nearly a decade, has a quarter-century of experience with the company under Waldron. They also worked together at Bear Stearns before JP Morgan's acquisition during the 2008 financial crisis. Waldron has long been seen as Solomon's natural successor, taking over leadership when Solomon started focusing more on DJing at events and festivals.
Reports from American media suggest Waldron has flirted with offers from Apollo and Carlyle, but now appears set to take the helm of the investment giant, whose stock has hit historic highs, facing the challenge of governing it in the era of artificial intelligence.
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