Adebayo O. Ogunlesi to Become Goldman Sachs’ Lead Director and Chair of the Board of Directors’ Corporate Governance,

  Adebayo O. Ogunlesi to Become Goldman Sachs’ Lead Director and Chair of the
  Board of Directors’ Corporate Governance, Nominating and Public
  Responsibilities Committee

 M. Michele Burns to Chair the Risk Committee and Peter Oppenheimer to Chair
                             the Audit Committee

Business Wire

NEW YORK -- July 24, 2014

Upon James J. Schiro’s retirement, the Board of Directors of The Goldman Sachs
Group, Inc. (NYSE:GS) today announced that the independent directors of the
Board have appointed Adebayo O. Ogunlesi as Lead Director, and he will serve
as Chair of the Board’s Corporate Governance, Nominating and Public
Responsibilities Committee. In addition, M. Michele Burns will become Chair of
the Risk Committee and Peter Oppenheimer will assume the role of Chair of the
Audit Committee.

“Adebayo has had extensive experience across finance and global capital
markets, helping lead both large financial institutions and global investing
organizations," said Lloyd C. Blankfein, Chairman and CEO. "The Board believes
strongly that his judgment, broad perspective and experience working with
investors around the world will serve him extremely well as our Lead Director.
Michele and Peter have already made significant contributions as directors,
including Michele as the prior Chair of our Audit Committee, and I thank them
for their continued service in these critical roles.”

“Jim Schiro defined what an effective Lead Director is through a strong model
of corporate governance and I intend to follow his extraordinary example,”
said Mr. Ogunlesi. “I am honored to have been selected by the independent
directors of the Board as Lead Director, and I am excited to build on Jim’s
efforts in proactively and regularly engaging with our shareholders.”

Mr. Ogunlesi is the Managing Partner and Chairman of Global Infrastructure
Partners, a private equity firm that invests worldwide in infrastructure
assets in the energy, transport, and water and waste industry sectors. From
1983 to 2006, Mr. Ogunlesi held various positions at Credit Suisse, including
as Executive Vice Chairman and Chief Client Officer (2004-2006), a member of
the Executive Board and Management Committee (2002-2006) and Head of Global
Investment Banking (2002-2004). Prior to joining Credit Suisse, Mr. Ogunlesi
was an attorney at Cravath, Swaine & Moore, LLP (1981-1983) and served as a
law clerk to the Honorable Thurgood Marshall, Associate Justice of the United
States Supreme Court (1980-1981).

Mr. Ogunlesi currently serves on the board of directors of each of Callaway
Golf Company and Kosmos Energy Ltd. In addition, Mr. Ogunlesi is the Chairman
of Africa Finance Corporation and serves on the boards of various
not-for-profit entities, including NewYork-Presbyterian Hospital, The NAACP
Legal Defense and Educational Fund, Inc., the Partnership for New York City
Fund, the Smithsonian National Museum of African Art and Americans for Oxford.
He is a graduate of Oxford University, Harvard Business School and Harvard Law
School.

Ms. Burns was Chief Executive Officer of the Retirement Policy Center,
sponsored by Marsh & McLennan Companies, Inc. (MMC), from October 2011 to
February 2014, and was Chairman and Chief Executive Officer of Mercer, a
subsidiary of MMC and a global leader in human resource consulting,
outsourcing and investment services, from September 2006 until October 2011.
Prior to joining Mercer, Ms. Burns served as the Chief Financial Officer of
several public companies, including MMC, Mirant Corporation and Delta Air
Lines, Inc. She began her career at Arthur Andersen LLP holding various
positions, including Senior Partner and Leader of the Southern Region Federal
Tax Practice.

Ms. Burns is currently affiliated with the Stanford University Center on
Longevity, serving as Center Fellow and Strategic Advisor, and is also on the
boards of Cisco Systems, Inc. and Alexion Pharmaceuticals, Inc. Ms. Burns also
serves as a Board member and Treasurer of the Elton John AIDS Foundation. She
is a graduate of the University of Georgia, where she also received a Master’s
degree in accounting.

Mr. Oppenheimer, retiring Senior Vice President at Apple, a designer and
manufacturer of electronic devices and related software services, served as
the company’s Chief Financial Officer for 10 years. Before becoming CFO at
Apple, he was Senior Vice President and Corporate Controller from 2002 to
2004, and prior to that, from 1996 to 2002, he served first as Senior Director
of Finance and Controller for the Americas, then as Vice President and
Controller of Worldwide Sales and later as Vice President and Corporate
Controller. Before joining Apple, from 1992 to 1996, Mr. Oppenheimer was the
Divisional Chief Financial Officer of Finance, MIS, Administration and
Equipment Leasing Portfolio at Automatic Data Processing, Inc., a leading
provider of human capital management and integrated computing solutions, and
prior to that, from 1988 to 1992 he was a consultant within the Information
Technology Practice at Coopers & Lybrand, LLP.

Mr. Oppenheimer is a member of the boards of the California Polytechnic State
University Foundation and of the Sacred Heart Schools in Atherton, California.
He is a graduate of California Polytechnic State University, and received an
MBA from the University of Santa Clara.

The Goldman Sachs Group, Inc. is a leading global investment banking,
securities and investment management firm that provides a wide range of
financial services to a substantial and diversified client base that includes
corporations, financial institutions, governments and high-net-worth
individuals. Founded in 1869, the firm is headquartered in New York and
maintains offices in all major financial centers around the world.

Contact:

The Goldman Sachs Group, Inc.
Media:
Jake Siewert, +1 212-902-5400
or
Investor:
Dane Holmes, +1 212-902-0300
 
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