Goldman Sachs' board is considering elevating CEO David Solomon to executive chairman and replacing him with president John Waldron as early as next year, but the succession plan faces uncertainty as Solomon may be reluctant to step down given the bank's strong performance and his outsized influence, while Waldron could grow impatient waiting for the role.
Goldman Sachs' board is considering a timeline for CEO David Solomon to step down as soon as late 2027 or 2028, with John Waldron, the No. 2 executive, positioned as his successor. The bank has been preparing for this leadership transition publicly for years, and board approval of the plan could occur in the coming months.