Goldman's board has discussed plan to name John Waldron as next CEO
NEW YORK: Goldman Sachs' board has discussed a plan for David Solomon to step down as chief executive and be replaced with chief operating officer John Waldron as soon as next year, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The Goldman Sachs board has reportedly debated a plan to replace CEO David Solomon with Chief Operating Officer John Waldron as early as next year, according to the Wall Street Journal. The focus on CEO succession has drawn attention from investors across Wall Street, with JPMorgan Chase and Bank of America also under scrutiny. Solomon had been expected to serve as CEO for a decade, which would have kept him in the position until 2028.
He was appointed to the role in October 2018. A Goldman Sachs spokesperson declined to comment on the report, with the company's shares unchanged in after-hours trading. Discussions suggest Waldron would assume leadership around late 2027 or early 2028, with Solomon stepping into an executive chairman role for one to two years post-CEO departure. The plan requires board approval and timing could alter, as per the WSJ report.
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