Story perspectives

Goldman Sachs to replace CEO David Solomon by 2027

By Drooid · Sep 29, 2026, 2:34 PM UTC · How we work

Summary

Story summary

Goldman Sachs plans to replace CEO David Solomon with COO John Waldron by 2027.
The board discussed the succession plan in September 2026, according to people familiar with the matter.
Solomon, 64, will become executive chairman for one to two years after stepping down.
$80 million retention bonuses were granted to Solomon and Waldron in January 2025.

History

Historical Context

In 2006, after Henry Paulson left for the Treasury, Lloyd Blankfein became CEO of Goldman Sachs, a move that set a pattern of internal succession. The board’s 2027 plan to name COO John Waldron as David Solomon’s heir repeats that continuity, even as the firm has faced regulatory fallout such as the $550 million SEC settlement in 2010.

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Story summary

Goldman Sachs plans to replace CEO David Solomon with COO John Waldron by 2027.
The board discussed the succession plan in September 2026, according to people familiar with the matter.
Solomon, 64, will become executive chairman for one to two years after stepping down.
$80 million retention bonuses were granted to Solomon and Waldron in January 2025.

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