John Rogers speaks right through an interview on the Securities Business and Monetary Markets Affiliation annual assembly in Washington, D.C., Oct. 24, 2017.
Andrew Harrer | Bloomberg | Getty Photographs
A key Goldman Sachs government referred to as an influence dealer internally and in political circles is stepping again from a few of his duties, in line with a memo Tuesday from CEO David Solomon.
John Rogers, who joined Goldman in 1994 and served as leader of team of workers to 4 of the financial institution’s CEOs, is giving up that position subsequent month, Solomon mentioned within the worker memo.
For many years, Rogers, 67, wielded oversized affect at Goldman, an establishment also known as “Govt Sachs” as a result of former executives have long gone directly to presidential management roles. If truth be told, Rogers helped former CEO Hank Paulson turn out to be Treasury secretary in 2006, in line with The New York Occasions, which first reported Rogers’ announcement.
Whilst Rogers is ceding his leader of team of workers duties to Russell Horwitz, a former deputy of his who used to be maximum just lately international affairs leader of Fortress, he’s maintaining different roles. Rogers stays a control committee member, chairman of a number of philanthropic efforts and focused on regulatory and company governance tasks, Solomon mentioned.
As incoming leader of team of workers, Horwitz, who spent 16 years at Goldman ahead of departing in 2020, will oversee company communications and executive and regulatory affairs. Horwitz is rejoining Goldman on the coveted spouse rank. He can also be a control committee member reporting to Solomon.
“Please sign up for me in thanking John for his lengthy and impactful tenure as leader of team of workers, in addition to his persevered dedication to Goldman Sachs in his different firmwide duties, and in welcoming Russell again to Goldman Sachs,” Solomon mentioned.
The transfer comes at a key time for Goldman’s CEO. Solomon has persevered complaint from some companions and buyers over an ill-fated shopper banking effort, his high-profile DJ interest and different missteps.