Former University President Drew G. Faust, pictured her in Feb. 2018, will likely see significant financial perks in her new job. Photo: Amy Y. Li
By Kristine E. Guillaume, Crimson Staff Writer July 5, 2018
Former University President Drew G. Faust has joined the board of directors of Goldman Sachs, the company announced in a press release Thursday.
The move comes less than a week after Faust ended her 11-year tenure at the helm of the nation’s oldest university. Her appointment to Goldman Sachs’s board as an independent director will expand the group from 11 to 12 members.
Goldman Sachs Chairman and Chief Executive Officer Lloyd C. Blankfein ’75 praised Faust for leading Harvard through “a decade of growth and transformation” during her presidency in an emailed statement Thursday.
“Her perspective and experience running one of the most complex and preeminent institutions in the world will benefit our board, our firm and our shareholders,” Blankfein wrote.