Media report: John Waldron apparently in talks to be Goldman Sachs chief
The Wall Street Journal reports on the possible succession of bank boss David Solomon. Waldron currently serves as COO at Goldman Sachs.
New York - The New York-based Goldman Sachs, the large financial institution, might face a leadership change at its helm. According to a report in the U.S. newspaper "Wall Street Journal", the board of directors is considering the appointment of John Waldron, currently the Chief Operating Officer and President, as the new CEO next year. The 64-year-old Waldron has been with the company for nearly eight years.
The report, based on sources familiar with the matter, suggests that the transition could occur at the end of next year or in 2028. If Watson were to step down, he would take on the role of Executive Chairman for one to two years. The current CEO, David Solomon, has been in his position for nearly eight years.
The board of Goldman Sachs must still approve this plan, which could happen in the coming months. The bank declined to comment on the personnel change in detail. "Our board regularly discusses succession, as we disclose in our filings," said Goldman's press secretary, Tony Fratto. "There is no fixed timeline for succession at Goldman Sachs." Any claims about the timing are mere speculation.
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