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Lloyd C. Blankfein is Nominated for Election to Goldman Sachs Board.


Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 11, 2003

The Board of Directors of The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street.  Group, Inc. (NYSE NYSE

See: New York Stock Exchange
: GS) announced today the nomination of Lloyd C. Blankfein to stand for election as a Director at the Corporation's Annual Shareholder Meeting on April 1st, 2003 in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 in light of Robert J. Hurst's retirement from the Board.

Mr. Blankfein is Vice Chairman of Goldman Sachs with management responsibility for the Fixed Income, Currency and Commodities (FICC FICC Fixed Income Clearing Corporation
FICC Federal Identity Credentialing Committee
FICC Federal Interagency Coordinating Council
FICC Fixed Income, Currency and Commodities
FICC Frequency Interference Control Center
) and the Equities Divisions.

"Lloyd's experience across global markets and superior insight into our industry and our firm will be of significant benefit to the Board and our shareholders," said Henry M. Paulson, Jr., Chairman and Chief Executive Officer. "We also want to thank Bob Hurst for his service to the Board, and the outstanding contribution he has made to Goldman Sachs in the course of his career."

Mr. Blankfein, who received an A.B. from Harvard College and a J.D. from Harvard Law School Harvard Law School (colloquially, Harvard Law or HLS) is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, Harvard Law is considered one of the most prestigious law schools in the United States. , joined the firm in 1982 from a private law firm. He was named head of the J. Aron Currency and Commodities Division in 1994, and co-head of FICC upon its formation in 1997. He was named a Partner of Goldman Sachs in 1988, a Managing Director in 1996 and a member of the firm's Management Committee in 1999.

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

This press release has been issued by The Goldman Sachs Group, Inc. (the "Company"). The Company anticipates distributing its proxy statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 for the 2003 Annual Meeting on or about February 27 and shareholders are encouraged to read the proxy statement, which will contain important information about the Company. Investors may obtain copies of the proxy statement and the Company's other SEC filings free of charge from the SEC's website, www.sec.gov.
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Publication:Business Wire
Geographic Code:1USA
Date:Feb 11, 2003
Words:372
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