Stephen M. Scherr, currently Chief Financial Officer of The Goldman Sachs Group, Inc. (Goldman Sachs or the Registrant), has determined to retire as Chief Financial Officer on December 31, 2021. On September 14, 2021, the Board of Directors of Goldman Sachs determined to appoint Denis P. Coleman III and currently the co-head of the Global Financing Group in the Investment Banking Division (IBD) since June 2018, as Chief Financial Officer of Goldman Sachs, effective January 1, 2022. As Chief Financial Officer, Mr. Coleman will receive an annual salary rate of $1,500,000 and will be eligible for annual variable compensation. Mr. Coleman joined Goldman Sachs in 1996 as an analyst in the Bank Loan Group. In 1998, he moved to Capital Markets in the then Fixed Income, Currency and Commodities Division. Mr. Coleman transferred to IBD in 2004 and became co-head of U.S. Loan Capital Markets in 2005. In 2008, he was named co-head of U.S. Leveraged Finance, in 2009 he became head of EMEA Credit Finance in London and was then named head of the EMEA Financing Group from 2016 to June 2018. Denis became a vice president in 2001 and was named managing director in 2005 and partner in 2008.