Goldman Sachs’ Chief Of Staff John Rogers Will Pass On The Baton

A significant figure at Goldman Sachs, known for his influence within the company and political circles, is stepping back from some of his important roles. CEO David Solomon shared in a memo that John Rogers, who has been with the bank since 1994 and held the position of Chief Of Staff for four CEOs, will be giving up that role next month.

Rogers, aged 67, has played a notable role in the bank’s history, even assisting a former CEO to become the Treasury secretary in 2006. While he’s handing over his chief of staff responsibilities to Russell Horwitz, he’ll still remain involved in various ways. He’ll continue being a part of the management committee, leading charitable initiatives, and participating in projects related to regulations and corporate governance.

Russell Horwitz will be taking over the Chief Of Staff position, who previously spent 16 years at Goldman and most recently held a significant role at Citadel. In his new position, Horwitz will be in charge of corporate communications, government affairs, and regulatory matters. He’s returning to Goldman as a partner, an esteemed rank within the company, and will also serve as a member of the management committee, reporting directly to CEO David Solomon.

Solomon expressed gratitude to John Rogers for his impactful work as chief of staff and his ongoing commitment to Goldman Sachs. He also welcomed Russell Horwitz back and highlighted the changes as the company adapts to new leadership in this important time.

This development occurs at a crucial juncture for Goldman Sachs’ CEO David Solomon. He’s faced criticism from some of the bank’s partners and investors due to losses in consumer banking bets and slowing investment banking business. The transition in leadership roles aims to address these concerns and help steer the bank in a positive direction.