The succession plan would see David Solomon step down around 2027 or 2028, according to the Wall Street Journal.
The board of Goldman Sachs discussed a succession plan for CEO David Solomon to step down and be replaced by Chief Operating Officer John Waldron as soon as 2027, according to a Wall Street Journal report on September 28, 2026.
The discussions involved Waldron, who is also Goldman's president, taking over the top leadership post around late 2027 or 2028, according to people familiar with the matter cited by the WSJ.
Solomon would likely serve as executive chairman of the board for roughly one to two years after stepping down as chief executive. The plan still requires formal board approval, which could take place in the coming months, though the timing remains subject to change.
Solomon has led Goldman Sachs as CEO for nearly a decade. During his tenure, he placed a strong focus on the bank's trading desk, a strategy that helped lift the bank's shares to record highs in recent years.
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