After the markets closed today, Goldman Sachs Group Inc. (NYSE: GS) announced that current CFO David Viniar will retire after 12 years in the position and 32 years with the firm. Goldman named Harvey M. Schwartz as its new CFO beginning at the end of January 2013. Viniar will join the firm’s board of directors at the same time.
Schwartz’s duties will include oversight of operations, technology, and finance, and he will be co-head of Goldman’s Firmwide Risk Committee. He currently serves as global co-head of the company’s Securities Division.
In its announcement, Goldman noted that Viniar is the longest serving CFO of a major Wall St. financial firm.
Goldman also noted in its announcement that the firm “expects to appoint additional independent directors to its board in the near term.” Viniar will be classed as a non-independent director when he joins the board in January.
Goldman’s shares closed down 0.02% today at $119.88 and are down 0.4% in after-hours trading at $119.40. The stock’s 52-week range is $84.27 to $128.72.
Paul Ausick
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.