Goldman Sachs has added John Waldron, its president and chief operating officer, to the board of directors, reinforcing his position as a potential successor to CEO David Solomon. Waldron, 55, joins Solomon, 63, as the second member of the management committee on the board. This move suggests that the firm is engaging in firmer succession planning. Last month, both Solomon and Waldron received retention bonuses that will vest in five years, aimed at securing top leadership. Waldron, who has overseen the leaders of the bank’s three main divisions since October 2018, previously co-headed investment banking. The bank also appointed KC McClure, Accenture’s Chief Financial Officer, as an independent director. — news from CNBC
