At Goldman, Top Departure Opens a Door for the Next Generation
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R. Martin Chavez, Goldman Sachs’s chief information officer, will become chief financial officer in April.CreditKarsten Moran for The New York Times
Goldman Sachs promoted a new generation of leaders on Wednesday, as Gary D. Cohn, its longtime No. 2 executive, leaves the Wall Street bank to join President-elect Donald J. Trump’s incoming administration.
In replacing Mr. Cohn as president and chief operating officer, Goldman turned to two senior executives, David M. Solomon and Harvey M. Schwartz. They will share both jobs as co-heads, the first time in seven years that Goldman has had that structure for its second-in-command.
And it picked R. Martin Chavez, its chief information officer, to succeed Mr. Schwartz as the firm’s chief financial officer in April. Mr. Chavez, who will serve as deputy chief financial officer until then, will be one of the highest-ranking Latino and gay executives on Wall Street…
At Goldman, Top Departure Opens a Door for the Next Generation
