Board reshuffle at Goldman Sachs
14 August 2014 New York
Image: Shutterstock
Goldman Sach’s lead director and chair of the board, James Schiro, has retired. Adebayo Ogunlesi has been elected to take over the role.
Schiro served on Goldman Sach’s corporate, governance, nominating and public responsibilities committee.
Lloyds Blankfein, chairman and CEO of Goldman Sach, said: “Schiro has been an exemplary board member who made outstanding contributions to our firm and our shareholders.”
“His deep experience across financial services, nuanced judgment and the seriousness with which he carried out his responsibilities, will leave an indelible mark on our board.”
Michele Burns will also become chair of the risk committee and Peter Oppenheimer will assume the role of chair of the audit committee.
Ogunlesi currently serves on the board of directors on both Callaway Golf Company and Kosmos Energy.
Burns previously served as CEO of the Retirement Policy Centre, sponsored by Marsh & McLennan Companies.
Oppenheimer is a retiring senior vice president at Apple. He held the title of CFO for 10 years.
Blankenfein commented: “Ogunlesi has had extensive experience across finance and global capital markets, helping lead both large financial institutions and global investing organisations."
"Burns and Oppenheimer have already made significant contributions as directors, including Burns as the prior chair of our audit committee, and I thank them for their continued service in these critical roles,” he added.
Ogunlesi commented on his new role: “Schiro defined what an effective lead director is through a strong model of corporate governance and I intend to follow his extraordinary example.”
Schiro served on Goldman Sach’s corporate, governance, nominating and public responsibilities committee.
Lloyds Blankfein, chairman and CEO of Goldman Sach, said: “Schiro has been an exemplary board member who made outstanding contributions to our firm and our shareholders.”
“His deep experience across financial services, nuanced judgment and the seriousness with which he carried out his responsibilities, will leave an indelible mark on our board.”
Michele Burns will also become chair of the risk committee and Peter Oppenheimer will assume the role of chair of the audit committee.
Ogunlesi currently serves on the board of directors on both Callaway Golf Company and Kosmos Energy.
Burns previously served as CEO of the Retirement Policy Centre, sponsored by Marsh & McLennan Companies.
Oppenheimer is a retiring senior vice president at Apple. He held the title of CFO for 10 years.
Blankenfein commented: “Ogunlesi has had extensive experience across finance and global capital markets, helping lead both large financial institutions and global investing organisations."
"Burns and Oppenheimer have already made significant contributions as directors, including Burns as the prior chair of our audit committee, and I thank them for their continued service in these critical roles,” he added.
Ogunlesi commented on his new role: “Schiro defined what an effective lead director is through a strong model of corporate governance and I intend to follow his extraordinary example.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
