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Jamie Dimon promotes two potential successors at JPMorgan

JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents. The move positions both investment bankers as potential successors to CEO Jamie Dimon. Longtime executive Marianne Lake will retire at the end of the year.

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What changed

The bank promoted two new co-presidents and announced the retirement of Marianne Lake.

Live updates

  1. JPMorgan Names Doug Petno and Troy Rohrbaugh Co-Presidents

    JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents. The move positions both investment bankers as potential successors to CEO Jamie Dimon. Longtime executive Marianne Lake will retire at the end of the year.

    What's confirmed:

    • Doug Petno and Troy Rohrbaugh are the new co-presidents of JPMorgan Chase.
    • Marianne Lake is retiring at the end of the year.
    • Jamie Dimon has served as CEO since 2006.

    Still unconfirmed:

    • The promotions set up a race to succeed Jamie Dimon.
    • Jamie Dimon has faced health issues.
    • Marianne Lake was long thought to be a potential person to take over the company.
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