Summary
Goldman Sachs Group Inc. (GS) filed an 8-K on January 18, 2024, disclosing significant changes in its Board of Directors' leadership, effective upon the retirement of Lead Director and Chair of the Governance Committee, Adebayo Ogunlesi. Mr. Ogunlesi will not stand for re-election at the 2024 Annual Meeting, following the announcement of BlackRock's acquisition of Global Infrastructure Partners. This transition involves the appointment of David Viniar as the new independent Lead Director and Chair of the Governance Committee, along with Thomas Montag taking over as Chair of the Risk Committee.
Key Highlights
- 1Adebayo Ogunlesi, the current Lead Director and Chair of the Corporate Governance and Nominating Committee, will retire from the Board of Directors.
- 2Mr. Ogunlesi will not seek re-election at the Company's 2024 Annual Meeting.
- 3The decision for Mr. Ogunlesi not to stand for re-election was made by the Board following the announcement of BlackRock's agreement to acquire Global Infrastructure Partners.
- 4David Viniar has been appointed as the new independent Lead Director.
- 5David Viniar will also assume the role of Chair of the Corporate Governance and Nominating Committee.
- 6Thomas Montag has been appointed as the new Chair of the Risk Committee.
- 7These leadership appointments are effective upon Mr. Ogunlesi's retirement.