Goldman Sachs CFO Scherr Exits in Latest Executive Reshuffle
- Denis Coleman III will succeed Stephen Scherr as CFO on Jan. 1
- ‘Everybody likes Stephen’: Goldman alumni weigh in on his exit
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Goldman Sachs Group Inc. Chief Financial Officer Stephen Scherr will depart the bank and end nearly three decades at the firm, paving the way for the latest round of executive reshuffling in the Wall Street giant’s highest rungs.
Scherr, 57, who rose to CFO with the leadership change that brought in David Solomon as head of the firm, is vacating the seat after just over three years in the role. Before that, Scherr was in charge of one of Goldman’s biggest efforts of recent years, expanding into mainstream banking -- a departure from the bank’s core strength. Denis Coleman III, co-head of the global financing group, will become CFO from Jan. 1.