Goldman Sachs is planning to appoint David Solomon as its new CEO as early as this week, suggests media reports. The financial services company will choose the replacement of Lloyd C. Blankfein, the current CEO of the company. 

The organization is considering Solomon as the successor to Lloyd Blankfein since he was named the firm’s sole president in March. But a formal announcement of his ascent had not been expected until the fall. 

David Solomon is currently the President and Chief Operating Officer of The Goldman Sachs Group. He is a member of the Goldman Sachs Management Committee and Chair of the Firmwide Client and Business Standards Committee and Firmwide Reputational Risk Committee. Solomon is also Co-Chair of the Firmwide Enterprise Risk Committee.

Previously, he was Co-Head of the Investment Banking Division from July 2006 to December 2016 and before that, he was the Global Head of the Financing Group, which includes all capital markets and derivative products for the firm’s corporate clients. He joined Goldman Sachs as a Partner in 1999.

Solomon is a member of the Board of Trustees of Hamilton College and serves on the board of The Robin Hood Foundation.

Image Source NY Times