(Reuters) - Goldman Sachs Group Inc said James J. Schiro will become its new lead independent board director when current lead director John H. Bryan retires in May.
Schiro, who was previously chief executive of Zurich Financial Services AG
He is now the chairman of Goldman's audit committee, a role he will cede to M. Michele Burns, who has been on Goldman's board since last October.
Bryan, who reached the mandatory retirement age of 75 last year, has been on the board since November 1999. He will not stand for re-election at Goldman's annual meeting in May.
(Reporting By Lauren Tara LaCapra)
