Goldman Sachs CEO David Solomon named chair of Business Council
by@axios
Summary
Goldman Sachs CEO David Solomon has been named the next chair of the Business Council, an exclusive group comprising some of the world's most influential corporate leaders. He will succeed Brian Cornell, who led the organization since 2024, and will serve a two-year term after being selected by a committee of former chairs. The Business Council, founded in 1933, serves as a non-lobbying forum where top CEOs discuss the significant economic challenges facing corporate America. Solomon's expertise in artificial intelligence at Goldman Sachs is anticipated to be particularly valuable as Council members address technological advancements amidst ongoing economic uncertainty.
Analysis
Brian Cornell: Brian Cornell serves as executive chair of Target. He has chaired the Business Council since 2024 and is handing over leadership to David Solomon following a selection by the organization's nominating committee. David Solomon: David Solomon is the CEO of Goldman Sachs. He has been named the incoming chair of the Business Council, an influential group of corporate executives, where his perspective on issues like AI will inform discussions among peers. Goldman Sachs: Goldman Sachs is a major global investment bank and financial services firm. Its CEO David Solomon's selection as the next Business Council chair underscores the firm's standing among top corporate leaders tackling economic and technological challenges. Marlene Colucci: Marlene Colucci is the CEO of the Business Council. She highlighted Solomon's AI expertise at Goldman Sachs as particularly relevant for helping member CEOs address technological change. AI Relevance: Solomon's work on AI at Goldman Sachs is expected to support Council members as they navigate technological advancements amid broader economic uncertainty. Corporate Forum Role: The Business Council provides a non-lobbying venue for leading CEOs to exchange views on complex economic challenges facing corporate America. Leadership Transition: Solomon will succeed Brian Cornell as chair of the Business Council for a two-year term selected by a nominating committee of former chairs.
Categories
techpolitics