Goldman Sachs board member, Lee Scott, will step down from his role after one year, The Wall Street Journal reports. Scott, a former Wal-Mart Stores CEO, was elected to the board at the annual shareholder meeting in May.
Scott was nominated to the board on March 19 last year, when Rajat Gupta, a former McKinsey senior partner, stepped down as a director of the bank. The U.S. bank is seeking a replacement.
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