Crains New York Goldman Sachs set to formally announce that David Solomon will be the bank's next CEO. Solomon has been apparently been heir to incumbent Lloyd Blankfein for several months. The announcement of Solomon's appointment as CEO could be made as early as Monday, the New York Times reported. Goldman Sachs will formally name David Solomon as the bank's next CEO this week, the New York Times reported over the weekend, finally confirming an appointment that has been expected for several months. Solomon, who is currently the bank's president, will replace outgoing boss Lloyd Blankfein, who is expected to retire later in the year.See the rest of the story at Business InsiderNOW WATCH: An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009See Also:A woman who has reviewed more than 40,000 résumés outlines the 8 most annoying mistakes she seesA Marine's M107 sniper rifle failed during a firefight — so he called customer serviceUBS on Goldman: 'We believe concerns over Marcus are overblown'SEE ALSO: BI Prime: An inside look at Goldman's shocking executive shakeup — which provides major hints about how the firm will be run in the future