01—Abstract
Summary
Summary of the 8-K filed January 19, 2024. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Adebayo Ogunlesi, the current Lead Director and Chair of the Corporate Governance and Nominating Committee, will retire from the Board of Directors.
- Mr. Ogunlesi will not seek re-election at the Company's 2024 Annual Meeting.
- The 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.
- David Viniar has been appointed as the new independent Lead Director.
- David Viniar will also assume the role of Chair of the Corporate Governance and Nominating Committee.
- Thomas Montag has been appointed as the new Chair of the Risk Committee.
- These leadership appointments are effective upon Mr. Ogunlesi's retirement.
03—Questions
Frequently Asked Questions
Why is Adebayo Ogunlesi retiring from the Board?
Adebayo Ogunlesi is retiring from the Board of Directors and will not stand for re-election at the 2024 Annual Meeting. The Board made this determination following the announcement of BlackRock's agreement to acquire Global Infrastructure Partners.
Who is taking over Adebayo Ogunlesi's leadership roles?
David Viniar has been appointed as the new independent Lead Director and will also serve as the Chair of the Corporate Governance and Nominating Committee. Thomas Montag has been appointed as the new Chair of the Risk Committee.
When do these leadership changes become effective?
The appointments of David Viniar and Thomas Montag to their new roles are effective upon the retirement of Adebayo Ogunlesi from the Board of Directors.
Is this change related to the BlackRock acquisition of Global Infrastructure Partners?
The filing states that the Board of Directors determined that Mr. Ogunlesi shall not stand for re-election following the announcement of the agreement for BlackRock, Inc. to acquire Global Infrastructure Partners, suggesting a connection.
04—Continue