Goldman’s Key Man on Board to Step Down After BlackRock Deal

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Goldman Sachs Group Inc.’s lead independent director plans to step down from the board, a significant departure from a panel that stood by Chief Executive Officer David Solomon through a period of discontent within the firm.

Bayo Ogunlesi, 70, will vacate the post after the sale of Global Infrastructure Partners, the investment firm he helped found in 2006, to money-management giant BlackRock Inc. The former investment banker has been a fixture for over a decade, bridging the tenures of CEOs Lloyd Blankfein and Solomon.

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