David Solomon Will Become Goldman Sachs’s New CEO on October 1

David Solomon finally has a start date for his reign atop Goldman Sachs Group gs .

Solomon will succeed Lloyd Blankfein as the firm's chief executive officer on Oct. 1, the bank said in a statement Tuesday. Blankfein will step down as chairman at the end of the year, when Solomon will also take on that role. Solomon's stature as the heir apparent was cemented in March, when the firm announced that he would become sole president while Harvey Schwartz —...

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