GS picks new lead director

City A.M. Reporter
GOLDMAN Sachs named James Schiro as its new lead director yesterday, following the retirement of non-executives John Bryan and Lois Juliber.

Former leader director Bryan, aged 75, will not stand for re-election in accordance with Goldman’s retirement policy, the firm said, while Juliber is leaving to spend more time on other work. Schiro will take the beefed-up post in the wake of corporate governance concessions made to investors last week.