Goldman’s Board Has Discussed a Plan to Name John Waldron as Its Next CEO
The proposed handoff would keep David Solomon as executive chairman for one to two years, according to the report.
- On Monday, The Wall Street Journal reported Goldman Sachs' board discussed a plan for Goldman Sachs CEO David Solomon to step down and be replaced by Chief Operating Officer John Waldron as soon as next year.
- Waldron has long been considered the presumptive successor to Solomon, a status reinforced when Goldman Sachs appointed him to the board and awarded a retention bonus last year.
- Discussions reportedly targeted a transition around late 2027 or 2028, with Solomon potentially remaining as executive chairman for one to two years; the proposal requires board approval and timing could change.
- Goldman Sachs global head of communications Tony Fratto said there is "no definitive timeline for succession," characterizing assertions about timing as "just speculation" by the firm.
- CEO succession has become a key focus for investors across Wall Street, with attention centered on JPMorgan Chase's Jamie Dimon and Bank of America's Brian Moynihan.
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37 Articles
John Waldron is ‘one of the most non-Wall Street people’ you’ve met—but is in line to be the next CEO of Goldman Sachs
A top Wall Street analyst says John Waldron gives off the affect of an English Lit professor from the Midwest. His track record at Goldman tells a different story.
Goldman Sachs' John Waldron edges closer to succeeding David Solomon as CEO
Goldman Sachs is reportedly considering John Waldron as the next CEO to succeed David Solomon. Waldron, currently the chief operating officer, may transition into the role by 2028. The bank awarded Waldron a significant stock package last year to encourage his retention. Solomon, who has led the bank for eight years, could become executive chairman post-succession. These discussions surrounding leadership succession are ongoing within the compan…
View: Solomon leaves Waldron with a clean slate
Liz’s viewLloyd Blankfein, contemplating his exit from Goldman Sachs, liked to say that when things are bad, you can’t leave, and when things are good, you don’t want to. Blankfein was finally having fun, after a decade as CEO, when he started laying the groundwork for his exit in 2017.That’s where David Solomon will be in 2028, which The Wall Street Journal reports is the loose timeframe for him handing the reins to his longtime lieutenant, Joh…
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