Goldman Sachs names David Solomon as CEO to replace Blankfein

Goldman Sachs names David Solomon as CEO to replace Blankfein

Business 17 Jul, 2018

(Reuters) - Goldman Sachs Group Inc (GS.N) named David Solomon as its next chief executive officer on Tuesday, replacing Lloyd Blankfein who will step down on Sept. 30.

FILE PHOTO: David M. Solomon, President and Co-Chief Operating Officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson/File Photo

Blankfein will step down as chairman at the end of the year and will accept the title of senior chairman after his retirement, the bank said.

Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty

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