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8-K - FORM 8-K - GOLDMAN SACHS GROUP INC | y91725e8vk.htm |
Exhibit 99.1
The Goldman Sachs Group, Inc. | 200 West Street | New York, New York 10282
DEBORA SPAR TO JOIN GOLDMAN SACHS BOARD OF DIRECTORS
LONDON, June 16, 2011 The Board of Directors of The Goldman Sachs Group, Inc. (NYSE: GS) today
announced the election of Debora L. Spar as an independent director of the firm effective
immediately. Dr. Spars election expands the Board to 11 directors, nine of whom are independent
directors. Dr. Spar will be a member of each of the firms Audit, Risk, Compensation and Corporate
Governance and Nominating committees.
Deboras valuable and independent perspective on finance and business, emerging markets and
recruitment, particularly of women, will be a tremendous asset for Goldman Sachs in the years
ahead, said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc.
Dr. Spar is President of Barnard College, the historic liberal arts college for women in New York
City. Prior to joining Barnard in July 2008, Dr. Spar spent 17 years on the faculty of Harvard
Business School. She joined Harvard in 1991, holding a number of positions including the Spangler
Family Professor of Business Administration from 2005 to 2008, Director of the Division of Research
and Faculty Development from 2005 to 2007, Senior Associate Dean for Recruiting from 2004 to 2005,
and Chair of the Business, Government and the International Economy Unit from 1999-2004.
Her research has focused on issues of international political economy, examining how rules are
established in new or emerging markets and how firms and governments together shape the evolving
global economy. She is a magna cum laude graduate of the Georgetown University School of Foreign
Service and holds a doctorate from Harvard.
Dr. Spar is a member of the Council on Foreign Relations; a member of the Board of Trustees of The
Nightingale-Bamford School; and a member of the American Academy of Arts & Sciences.
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The Goldman Sachs Group, Inc. is a leading global investment banking, securities and
investment management firm that provides a wide range of financial services to a substantial and
diversified client base that includes corporations, financial institutions, governments and
high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains
offices in all major financial centers around the world.
Media Contact: Lucas van Praag
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Investor Contact: Dane Holmes | |
Tel: 212-902-5400
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Tel: 212-902-0300 |