Goldman’s board discusses plan to name John Waldron as next CEO

Goldman Sachs' board has deliberated a proposal to appoint John Waldron as the next chief executive officer (CEO), potentially replacing current CEO David Solomon, according to a report by The Wall Street Journal. The transition could occur as early as next year, with sources indicating that Waldron could assume the role by the end of 2027 or in 2028.

This plan has garnered significant attention, as CEO succession plans are a key concern for investors across Wall Street. JPMorgan Chase and Bank of America are also undergoing similar leadership transitions. Solomon, who has been CEO since October 2018, was anticipated to serve in the role for approximately ten years, suggesting his tenure would conclude by 2028.

A Goldman Sachs spokesperson did not comment on the report, and the company's shares remained unchanged in after-hours trading. The proposed plan stipulates that Solomon would serve as executive chairman for a period of one to two years post-CES, but the final details would require approval from the bank's board and could be subject to change.