A big question about succession at Goldman has been answered

Register now

Lloyd Blankfein, 63, will probably step down as Goldman Sachs Group’s chief executive officer in December, the New York Times reported, citing people familiar with the firm’s plans.

David M. Solomon, who was named president in March, will take the top spot, the newspaper said.

The Wall Street Journal reported in March that Blankfein, 63, would depart as early as this year. Blankfein tweeted in response that it was the newspaper’s announcement, “not mine.”

Goldman Sachs set the stage for its next era in March by naming Solomon as sole president under Blankfein, picking him over Harvey Schwartz as heir apparent for the CEO spot.

Jake Siewert, a spokesman for the New York-based firm, didn’t immediately return a call for comment.

“The simple fact is that no decisions have been made,” he told the New York Times.

Bloomberg News