Goldman Expected to Name David Solomon as Successor to C.E.O. Lloyd Blankfein [The New York Times]
Walt Disney Company (The) (DIS)
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Source: The New York Times
Image David M. Solomon, president of Goldman Sachs, was expected to be named its future chief executive as soon as Monday. Credit Patrick T. Fallon/Bloomberg By Kate Kelly July 15, 2018 Goldman Sachs is expected to name its president, David M. Solomon, as its next chief executive early this week, according to people briefed on the plan. The announcement would formally establish Mr. Solomon as the successor to Lloyd C. Blankfein as one of the most powerful executives on Wall Street. Mr. Blankfein, who presided over record earnings during his 12 years atop Goldman, will stay on for an interim period. Anointing Mr. Solomon, however, most likely makes it easier for him to put his future lieutenants in place. The announcement could be made as soon as Monday, according to people briefed on the plan who requested anonymity because they were not authorized to discuss it. Mr. Solomon, 56, has been considered the heir apparent to Mr. Blankfein since he was named
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