IT'S OFFICIAL: Goldman Sachs has named David Solomon as its next CEO (GS)

Goldman Sachs

• David Solomon will succeed Lloyd Blankfein as Goldman's new CEO, the firm said on Tuesday.
• Solomon will officially take the reigns from Blankfein, the longest-serving Wall Street CEO alongside JPMorgan's Jamie Dimon, in October. He will join the board at that time. 
• Blankfein will serve as chairman through the end of year, when Solomon will add that title.  He take the title of senior chairman after he retires. 

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It's official. David Solomon will succeed Goldman Sachs CEO Lloyd Blankfein as the Wall Street firm's new CEO. The firm made the announcement on Tuesday, saying Solomon will become CEO and join the board on Oct. 1. 

Solomon's ascension to CEO was largely expected after he was named in March as the sole president of Goldman, following the departure of his co-president Harvey Schwartz. With the formal announcement, Solomon can now begin to make changes to his leadership team.

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