Goldman Sachs has held discussions to have Chief Operating Officer John Waldron take over as CEO in late 2027 or early 2028, with current CEO David Solomon stepping down at that time, according to The Wall Street Journal. Solomon has served as CEO since October 2018 and as board chairman since January 2019, while Waldron became COO and president the same year. Should the talks come to fruition, Solomon is likely to remain as executive chairman for a year or two after leaving the CEO post. A succession requires approval from the investment bank's board, which the newspaper said could come in the coming months, based on people familiar with the situation. The two men are said to have a close relationship; Solomon joined Goldman in 1999, followed by Waldron in 2000, and both had stints at Bear Stearns.
Goldman Sachs Group IncBoard weighs naming COO John Waldron as next CEO with Solomon stepping down in late 2027/early 2028; a leadership succession with no clear positive or negative driver.
