Goldman Sachs board reportedly weighs succession plan for CEO David Solomon

The Goldman Sachs board has reportedly discussed a plan to replace chief executive David Solomon, 64, with the bank's president, John Waldron, 57, as early as next year, according to CNBC.

The succession planning talks, as described in the report, would mark a significant leadership transition at one of Wall Street's largest investment banks. Solomon has led Goldman Sachs as CEO for several years, with Waldron serving as his top deputy.

CNBC's report did not specify a firm timeline for any transition beyond the possibility that a change could occur as soon as next year, and Goldman Sachs has not issued a public statement confirming or elaborating on the succession discussions.

Succession planning at major financial institutions is common practice among boards seeking to ensure leadership continuity, though the timing and details of any handover at Goldman Sachs remain unconfirmed.

Neither Solomon nor Waldron has publicly commented on the reported discussions, and further details are expected to emerge as the board's planning process continues.