According to reports, Goldman Sachs Group's board of directors has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO, which will take effect as early as next year. The report on Monday quoted people familiar with the matter, who did not wish to be named, as saying that personnel changes may be implemented in late 2027 or 2028. According to the plan, Solomon, 64, will probably serve as executive chairman for about one to two years after stepping down as CEO. The report said that Goldman Sachs's board of directors may approve this plan in the next few months. Waldron, 57, is also the president of Goldman Sachs and has long been regarded as Solomon's successor. Board members do not want to take the risk of delaying the transfer of powers.

According to reports, Goldman Sachs Group's board of directors has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO, which will take effect as early as next year. The report on Monday quoted people familiar with the matter, who did not wish to be named, as saying that personnel changes may be implemented in late 2027 or 2028. According to the plan, Solomon, 64, will probably serve as executive chairman for about one to two years after stepping down as CEO. The report said that Goldman Sachs's board of directors may approve this plan in the next few months. Waldron, 57, is also the president of Goldman Sachs and has long been regarded as Solomon's successor. Board members do not want to take the risk of delaying the transfer of powers.