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.
Filed under: 24/7 Wall St. Wire, Banking & Finance, Corporate Governance, Financial Stocks, Management Change Tagged: GS