Who will take over as Goldman's next president? Here are the leading contenders
Goldman Sachs President David Solomon's promotion to chief executive officer in October sets off a cascade of vacancies, none more important than for his current position.
Solomon, 56, will likely announce his successor — or a pair of them as co-presidents — in September before taking the reins from Lloyd Blankfein, according to people with knowledge of the situation.
Here are the leading candidates:
John Waldron, 49:
Waldron, a star deal-maker who came from Bear Stearns like Solomon, has been given a series of high-profile roles within the investment bank, culminating with his being named co-head of the advisory division in 2014. He joined Goldman in 2000 and has been co-head of the media and entertainment group and a practice catering to private equity firms.
Marty Chavez, 54:
Chavez, who is currently chief financial officer, has had a varied career. He co-founded a pair of technology startups and had trading roles at Goldman Sachs and Credit Suisse before returning to the New York-based bank in 2005. He served as chief information officer for three years until 2017, when he become CFO.
Stephen Scherr, 54:
Scherr, who heads the consumer and commercial banking division, has oversight of the firm's push into online retail banking products under the Marcus brand. He joined Goldman in 1993 as an associate in the investment bank, eventually rising to be global head of the firm's financing group in 2008. He served as chief strategy officer from 2014 to 2017.
Eric Lane, 44:
Lane is co-head of the firm's investment management division, which manages money for wealthy clients and creates investment products. He joined Goldman in 1996 and became one of the youngest employees to make partner in 2002.