Goldman CEO Succession Plan
Goldman Sachs considers succession plan to elevate John Waldron to chief executive.
Anonymous
Goldman Sachs’ board is discussing a succession plan that would elevate President and COO John Waldron to CEO, potentially in late 2027 or 2028. David Solomon, CEO since 2018, would likely become executive chairman for one to two years, preserving a role in the bank’s leadership after the transition. The board could approve the plan in the coming months, though the timing is not final. Goldman has not publicly commented on the reported discussions.
Key Points
1
Goldman awarded both Waldron and Solomon $80 million retention bonuses in January 2025 and added Waldron to the board, after Waldron held serious talks about leading Apollo Global Management and Carlyle.
2
Solomon’s tenure included Goldman’s costly retreat from consumer banking: the retail lending experiment cost the firm roughly $7 billion. After refocusing on dealmaking, trading and wealth management, the bank’s share price quadrupled since he took command in October 2018.
3
Finance Chief Denis Coleman has already begun taking on some of Waldron’s operational responsibilities, including oversight of human resources and Goldman’s “OneGS 3.0” artificial-intelligence initiative aimed at improving internal productivity.
4
Goldman’s shares were little changed in after-hours trading following the report.
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