Goldman Sachs 'to name' new CEO this week

Goldman Sachs Group is poised to name its president David Solomon as its next chief executive officer, the New York Times said on Sunday.

The announcement could come as early this week, the paper said, and it will formally establish Solomon as the successor to Lloyd Blankfein.

The Wall Street Journal reported in March that Blankfein could step down as chief executive as soon as the end of the year.

Blankfein, who is one of the longest-serving CEOs on Wall Street, will stay on for an interim period, the New York Times report said.

Goldman Sachs was not immediately available to comment on the matter outside regular business hours.

Solomon, who joined the investment bank as a partner in 1999, currently serves as the president and chief operating officer of the company.

Source(s): Reuters