Goldman Sachs (GS) Lead Director John H. Bryan to Retire; James Schiro to Assume Role
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The Goldman Sachs Group, Inc. (NYSE: GS) announced the following changes to its Board of Directors:
John H. Bryan will not stand for re-election at the Company’s 2012 Annual Meeting of Shareholders consistent with the Company’s retirement policy under its Corporate Governance Guidelines. Mr. Bryan has been a director and a member of each of the standing committees of the Board since November 1999; in addition, he serves as our Lead Director and as Chair of the Board’s Corporate Governance and Nominating Committee.
Effective upon Mr. Bryan’s retirement, James J. Schiro will be the Board’s new Lead Director and Chair of the Corporate Governance and Nominating Committee. Mr. Schiro has served as a director since May 2009 and as Chair of the Audit Committee since September 2010. Mr. Schiro previously was the Chief Executive Officer of Zurich Financial Services, and, prior to that, served as Chief Executive Officer of PricewaterhouseCoopers LLP.
M. Michele Burns, who has served as a director since October 2011, will be replacing Mr. Schiro as Chair of the Board’s Audit Committee. Ms. Burns is currently serving as the Executive Director and Chief Executive Officer of the Retirement Policy Center, which is sponsored by Marsh & McLennan Companies, Inc. Previously, Ms. Burns was the Chairman and Chief Executive Officer of Mercer, a subsidiary of Marsh & McLennan Companies, Inc.
Lois D. Juliber will not stand for re-election to the Board of Directors at the 2012 Annual Meeting of Shareholders as a result of increasing time commitments associated with her other activities. Ms. Juliber has been a director of Goldman Sachs since March 2004. During that time, she served as a member of each of the standing committees of the Board.
John H. Bryan will not stand for re-election at the Company’s 2012 Annual Meeting of Shareholders consistent with the Company’s retirement policy under its Corporate Governance Guidelines. Mr. Bryan has been a director and a member of each of the standing committees of the Board since November 1999; in addition, he serves as our Lead Director and as Chair of the Board’s Corporate Governance and Nominating Committee.
Effective upon Mr. Bryan’s retirement, James J. Schiro will be the Board’s new Lead Director and Chair of the Corporate Governance and Nominating Committee. Mr. Schiro has served as a director since May 2009 and as Chair of the Audit Committee since September 2010. Mr. Schiro previously was the Chief Executive Officer of Zurich Financial Services, and, prior to that, served as Chief Executive Officer of PricewaterhouseCoopers LLP.
M. Michele Burns, who has served as a director since October 2011, will be replacing Mr. Schiro as Chair of the Board’s Audit Committee. Ms. Burns is currently serving as the Executive Director and Chief Executive Officer of the Retirement Policy Center, which is sponsored by Marsh & McLennan Companies, Inc. Previously, Ms. Burns was the Chairman and Chief Executive Officer of Mercer, a subsidiary of Marsh & McLennan Companies, Inc.
Lois D. Juliber will not stand for re-election to the Board of Directors at the 2012 Annual Meeting of Shareholders as a result of increasing time commitments associated with her other activities. Ms. Juliber has been a director of Goldman Sachs since March 2004. During that time, she served as a member of each of the standing committees of the Board.
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