Goldman Sachs 'CEO Whisperer' Steps Down After 30 Years: Here's What Is Going On

John Rogers, a Goldman Sachs Group Inc GS executive dubbed the "CEO Whisperer," will step down after nearly 30 years at the Wall Street firm, according to a memo from the company.

Rogers became the first chief of staff at Goldman Sachs and will relinquish his role to Russell Horwitz, who was previously at Goldman for 16 years. 

Rogers worked on the Hill in Washington D.C. before transitioning to finance. Rogers worked in Presidents Ronald Reagan and George H.W. Bush’s administrations and joined Goldman’s fixed-income division in 1994. Rogers is one of many Goldman Sachs executives who have experience both on Wall Street and in Washington, D.C.

Rogers worked closely with various Goldman CEOs throughout his tenure such as Jon Corzine, Henry Paulson, Lloyd Blankfein and most recently, David Solomon.

Rogers will retain other positions at Goldman, including executive vice president, secretary to the board, member of its management committee and leader of its philanthropic efforts, reports the New York Times.

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Rogers received his "CEO Whisperer" moniker as the right-hand man and confidant for the business leaders. 

Horwitz, who was also once the chief of staff to former Goldman CEO Lloyd Blankfein, will rejoin Goldman as Solomon’s new chief of staff. Horwitz had been the chief global affairs officer at Citadel after leaving Goldman in 2020. 

Goldman Sachs Price Action: Goldman’s stock traded lower Tuesday amid overall weakness in financial stocks after Moody’s downgraded a number of U.S. banks and warned more downgrades could be coming.

Goldman’s stock traded down about 2.36% Tuesday afternoon, dipping down to about $347.17.

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Photos: Goldman Sachs; Shutterstock