CLINTON — According to a press release issued on July 17 by the Goldman Sachs Group, Inc. (NYSE: GS), the firm’s board of directors has appointed Hamilton College alumnus and trustee David M. Solomon, Class of 1984, to succeed Lloyd C. Blankfein as chairman and chief executive officer.
Blankfein will step down as chief executive officer on Sept. 30 and will retire from the firm and as chairman of the board at the end of the year. Solomon will join the firm’s board on Oct. 1. Solomon was appointed president and co-chief operating officer in 2016.
“I am honored and humbled to have the opportunity to lead Goldman Sachs and I appreciate the confidence Lloyd and the board of directors have placed in me,” Solomon said. “I am excited about the opportunities for growth and know how vital our culture of client service and teamwork is to our success.”
Solomon has been a Hamilton charter trustee since 2005. He was an alumni trustee from 1996 to 2002. During a recent Hamilton board of trustees meeting, Solomon made a guest appearance in Professor Chris Georges’ economics class.
“This is certainly an extraordinary thing for the college and most definitely for David,” Hamilton President David Wippman said. “We’re always happy to see our alums achieve positions of distinction.”
Wippman said Solomon chairs the Student Affairs Committee and has hosted a number of events, as well as offering his time and financial support to the college.
Solomon also has a “second life” as a DJ, Wippman said, with his appreciation for techno music being one of his hobbies. He is known as DJ D-Sol.
“David says it’s always important that people have interests outside their work — it only makes them better at their work,” Wippman said.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.