Updated
Updated · Bloomberg · Sep 30
Goldman Heir Apparent John Waldron Faces 4-Deputy Test Ahead of CEO Role
Updated
Updated · Bloomberg · Sep 30

Goldman Heir Apparent John Waldron Faces 4-Deputy Test Ahead of CEO Role

3 articles · Updated · Bloomberg · Sep 30

Summary

  • John Waldron’s next hurdle at Goldman Sachs is managing the fallout from any leadership reshuffle before he eventually succeeds CEO David Solomon.
  • Four senior lieutenants are central to that challenge: trading chief Ashok Varadhan, asset- and wealth-management head Marc Nachmann, banking chief Dan Dees and CFO Denis Coleman.
  • The issue is less Waldron’s succession status than whether role changes leave other high-profile deputies satisfied and aligned as Goldman prepares for a future handover.
  • That internal balancing act now stands out as a key item on Waldron’s to-do list before he can take the bank’s top job.

Insights

Why could Goldman’s toughest succession challenge be managing Solomon’s deputies rather than choosing his successor?
How much would David Solomon still shape Goldman if he steps down but stays on as executive chairman?