The Business Council has named Goldman Sachs Chairman and CEO David Solomon as its next chair, succeeding Target Executive Chair Brian Cornell as the organization prepares for a new phase focused on technological disruption, global economic shifts, and evolving leadership challenges.
Solomon will lead the Washington, D.C.-based organization, which brings together chief executives from major global companies to exchange perspectives on economic, technological, and business issues. His appointment comes as artificial intelligence and other emerging technologies increasingly reshape corporate strategy, workforce planning, governance, and investment.
Cornell became chair of The Business Council in 2024, succeeding Elevance Health President and CEO Gail Boudreaux, who was the first woman to chair the organization. During Cornell’s tenure, the Council continued to serve as a forum for senior corporate leaders navigating rapid technological change, geopolitical uncertainty, and shifts in the global economy.
As incoming chair, Solomon is expected to focus on maintaining the Council’s role as a venue for CEOs to share insights and collaborate around complex economic and business challenges. The organization highlighted his experience overseeing Goldman Sachs as it has incorporated artificial intelligence and technology more deeply into its operations and long-term strategy.
The Business Council also announced its 2026-2027 Executive Committee, which includes executives from some of the world’s largest companies. Members include Amazon Founder and Executive Chairman Jeff Bezos, Elevance Health President and CEO Gail Boudreaux, Ford President and CEO Jim Farley, Nasdaq Chair and CEO Adena Friedman, Citadel Founder and CEO Ken Griffin, Microsoft Chair and CEO Satya Nadella, AMD Chair and CEO Lisa Su, and Chevron Chair and CEO Mike Wirth.
Other Executive Committee members include AXA CEO Thomas Buberl, Siemens President and CEO Roland Busch, TIAA President and CEO Thasunda Brown Duckett, Silver Lake Managing Partner and Co-CEO Egon Durban, Levi Strauss & Co. President and CEO Michelle Gass, United Airlines Holdings CEO Scott Kirby, KKR Co-Founder and Co-Executive Chairman Henry Kravis, PulteGroup President and CEO Ryan Marshall, Graybar Electric Chair, President and CEO Kathleen Mazzarella, Starbucks Chair and CEO Brian Niccol, Eli Lilly Chair and CEO Dave Ricks, Shell CEO Wael Sawan, Northrop Grumman Chair, President and CEO Kathy Warden, Cornell, and Solomon.
The Business Council traces its roots to 1933, when it was established as The Business Advisory Council for the U.S. Department of Commerce. The organization adopted its current name in 1961 and expanded its scope to include advisory functions across the federal government.
Today, the Council operates as a learning, networking, and best-practice-sharing organization for chief executives of major multinational businesses, with members selected by their peers.
KEY QUOTES:
“David’s global perspective, deep knowledge across industries, and track record of helping leaders navigate complex challenges make him the ideal choice to lead The Business Council. Serving as chair has been a tremendous privilege, and I look forward to seeing the organization continue to build on its strong foundation for years to come.”
Brian Cornell, Executive Chair Of Target Corporation
“I am grateful to Brian Cornell for his leadership and dedication in guiding the Business Council through its latest chapter. At a time of profound change, this Council remains an indispensable forum for the world’s leading CEOs to connect, share insights, and collaborate on solutions to our most complex economic challenges.”
David Solomon, Chairman And CEO Of Goldman Sachs
“Brian’s leadership has strengthened The Business Council and positioned us exceptionally well for the future. He brought the same strategic foresight, curiosity and commitment to the Council that have defined his leadership at Target, while approaching everything with his characteristic optimism, warmth and genuine interest in his peers. We are deeply grateful for his leadership and guidance.”
Marlene Colucci, CEO Of The Business Council
“David’s judgment, experience and ability to anticipate what lies ahead will be invaluable to our members as they navigate technological disruption, changing workforce demands and an increasingly complex global landscape. At Goldman Sachs, he has helped position AI as a strategic business priority, ultimately transforming how the firm operates, serves its clients and invests for the future. We look forward to the experience, perspective and strategic vision he will bring to the Council.”
Marlene Colucci, CEO Of The Business Council
