Goldman Sachs likely to name David Solomon as CEO this week: Report

The announcement would formally establish President David Solomon as the successor to Lloyd Blankfein, who will stay on at the bank for an interim period, the New York Times reported.

Goldman Sachs Group Inc. is expected to name its President David Solomon as its next chief executive officer early this week, the New York Times reported, citing people briefed on the plan.

Solomon, 56, was named in March as the sole president under Blankfein, identifying him as a clear front-runner for the CEO spot. (Patrick T. Fallon/Bloomberg)

The announcement would formally establish Solomon as the successor to Lloyd Blankfein, who will stay on at the bank for an interim period, the newspaper reported. The move could be announced as early as Monday, the New York Times said.

Goldman spokesman Edward Naylor declined to comment.

Solomon, 56, was named in March as the sole president under Blankfein, identifying him as a clear front-runner for the CEO spot.