John Waldron, president and chief operating officer of Goldman Sachs, spoke on February 28, 2023 at Goldman Sachs Investors Day at Goldman Sachs headquarters in New York City, USA.
Brendan McDermid | Reuters
Goldman Sachs Give a reserved bonuscementing his position as a potential successor to CEO David Solomon.
Waldron, 55, is a member of the second board seat of the board of directors, along with Solomon, 63.
“It seems like a firmer succession plan is underway,” said Stephen Biggar, a banking analyst at Argus Research.
The bank said last month that the bonus was awarded to Solomon and Waldron’s efforts five years later to retain top leaders.
Waldron has served as president and chief operating officer since October 2018, overseeing leaders of the bank’s three main divisions. He previously served as co-head of investment banking, a position he held in 2014 after joining Goldman Sachs in 2000.
The company’s former president Gary Cohn served as director with Solomon’s former Lloyd Blankfein.
Cohn left Goldman in late 2016 as economic adviser to President Donald Trump and led the White House National Economic Commission.
The bank also announced Wednesday that it added Accenture’s chief financial officer KC McClure to serve as an independent director on the board.
Goldman Sachs Winned The company said in January that it had the biggest profit in more than three years as investment bankers brought in more transaction fees, while its traders benefited from active markets.
