The New York Times took control of the paper after it bought out the Washington Post's 50% stake in October, which the Post reluctantly relinquished.
The sale was followed by the departure of three top executives at the Herald including Goldmark, who was ousted in January.
Goldmark's departure was bitter, and rather than go quietly he issued a damning statement criticising the Times for ending the paper's independence.
At the time the company said Goldmark would not be replaced, and Richard Wooldridge, president and chief operating officer of the title took control of its business operations.
Wooldridge, along with two other senior executives at the Herald -- executive editor Walter Wells and editorial page editor Serge Schmemann -- will report to Golden, who is vice-chairman and senior vice-president at The New York Times Company.
Golden has held his role at the Times for six years, as well as serving as a director of the Herald.
He will oversee the editorial and business operations of the paper, and report to New York Times Company chairman Arthur Sulzberger Jr, and its senior vice-president of newspaper operations Janet Robinson.
According to Robinson: "Having served as a director of the IHT for six years, Michael knows the international newspaper business very well. His knowledge and background will be extraordinarily useful in expanding the IHT's journalistic presence and strengthening its business impact."
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