Goldman Sachs president David Solomon says there is actually no timeline for CEO succession at firm

Goldman Sachs’ David Solomon said there was no timeline for when current chief executive Lloyd Blankfein may step down as well as he will take over.

“No timeline … the board has its process. as well as the board will work through its process. Succession will occur when the idea’s the right time for succession to occur,” he told CNBC’s David Faber on “Squawk Alley” Monday by the Milken Institute Global Conference.

The bank executive is actually also optimistic over the mergers as well as acquisitions deal-creating environment for the rest of 2018.

“CEO confidence is actually pretty high. Correlated growth around the entire world is actually continuing at a reasonable pace. as well as so there is actually a Great amount of activity which’s been building,” he said. “Looking at the indicators which we can see, I’d expect to see a relatively robust deal-creating environment continue throughout the year.”

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