Deals
Goldman Taps Solomon, Schwartz in Biggest Shakeup in Decade
- Promotions position potential successors to CEO Blankfein
- Gary Cohn leaving to become Trump’s top economic adviser
Goldman Names Solomon, Schwartz to Succeed Cohn
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Goldman Sachs Group Inc. promoted Chief Financial Officer Harvey Schwartz and investment-bank co-head David Solomon to co-presidents and said Martin Chavez will succeed Schwartz as CFO in the Wall Street firm’s biggest management shakeup in a decade.
Schwartz and Solomon succeed Gary Cohn, who’s leaving for a job in the Trump administration. The appointments take effect Jan. 1, when Chavez will become deputy CFO. He’ll replace Schwartz when the CFO steps aside at the end of April, the New York-based company said Wednesday in a statement.