Edward Liddy Resigns from Goldman Sachs Board of Directors
New York, NY - September 26, 2008 -- The Goldman Sachs Group, Inc. (NYSE:GS) today announced that Edward M. Liddy resigned as a member of its Board of Directors in light of his new role as Chairman and Chief Executive Officer of American International Group, Inc. His resignation was effective September 23, 2008. Mr. Liddy had been a director of Goldman Sachs since June 2003. During that time, he served as chairman of the Audit Committee and as a member of the Corporate Governance and Nominating Committee and the Compensation Committee.
"Ed has played an invaluable role on our board over the last five years,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “His judgment, financial acumen and deep interest in the culture of our firm have benefited our people and our shareholders. While we are sorry he can no longer serve on our board, we are proud that Ed is taking on such an important responsibility during this critical time.”
The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
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