Grandson of former longtime Gannon administrator named to banking firm's second-highest post.
The grandson of a former longtime Gannon University administrator was named the second-highest post at banking giant Goldman Sachs last week.
John Waldron, 49, will become president and chief operating officer on Oct. 1 when David Solomon becomes the chief executive officer. Waldron currently oversees the investment banking division.
His promotion was announced along with those of other Goldman Sachs executives, including Stephen Scherr, who will become the chief financial officer in November, and Martin Chavez, who will co-head the trading division, according to Bloomberg News.
"As the firm prepares for the next phase of growth, I am pleased that Marty will help lead our securities business as it continues to undergo rapid transformation," outgoing CEO Lloyd Blankfein said in the statement, Bloomberg News reported. "I am confident that John and Stephen will represent a strong, effective management team under David's leadership."
Waldron is the son of Thomas A. Waldron, Gannon University class of 1964, and the grandson of the late John E. Waldron, who joined Gannon (then-Cathedral College) in 1936 as a teacher. Then, in 1951, elder Waldron was named dean of instruction and later, in 1955, dean of business administration. He helped create the finance, management, accounting, and marketing departments at Gannon. He was also involved in Erie civic affairs, serving with the Serra Club, Saint Vincent Hospital, the Greater Erie Chamber of Commerce, the USO Committee of Erie County, and Education Television of Erie Inc.
Gannon University opened the $7.7 million, 120,000-square-foot Waldron Campus Center at 124 W. Seventh St. in 1999.
The younger Waldron joined Goldman Sachs in 2000, was named managing director in 2001 and became a partner in 2002, according to his biography on the Goldman Sachs website.
He also is a member of the executive committee of the board of trustees and chairman of the trustees committee of The Lawrenceville School; a member of the executive committee of the board of directors of Lincoln Center for the Performing Arts in New York City; a member of the executive committee of the board of directors for Big Brothers Big Sisters of New York; co-chairman of Youth, I.N.C.; and a member of the Council on Foreign Relations, according to his biography. He earned a bachelor's degree in English from Middlebury College in Middlebury, Vermont, in 1992.