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

Goldman Sachs' board has reportedly deliberated on a proposal to name chief operating officer John Waldron as the bank's next chief executive officer, according to the Wall Street Journal. The transition plan could potentially be implemented as early as next year, the report stated, citing anonymous sources familiar with the matter.

The focus on CEO succession has drawn significant attention from investors across the financial industry. At JPMorgan Chase, speculation has centered on the potential retirement of CEO Jamie Dimon, while Bank of America's leadership planning has involved Brian Moynihan, one of the longest-serving chief executives among major U.S. banks.

David Solomon, Goldman Sachs' current CEO, had been anticipated to serve in the role for a decade, meaning he would have likely remained in the position until 2028. Solomon was appointed as CEO in October 2018. A Goldman Sachs spokesperson did not provide any comment on the report, and the bank's shares remained unchanged in after-hours trading.

According to the WSJ report, the board discussions have centered on Waldron assuming the CEO position around the end of 2027 or in 2028. The plan would see Solomon serve as executive chairman for one to two years following his departure from the CEO role, according to the report. The proposal would necessitate approval from the bank's board, and its timing could potentially change.