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JPMorgan names 2 new co-presidents, setting up race to succeed Jamie Dimon

JPMorgan Chase has promoted Doug Petno and Troy Rohrbaugh to co-presidents. This move follows the departure of consumer banking chief Marianne Lake. The appointments are viewed as a step in the succession planning for CEO Jamie Dimon.

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What changed

The bank appointed two new co-presidents while a key female contender for the CEO role exited.

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

    JPMorgan Chase has promoted Doug Petno and Troy Rohrbaugh to co-presidents. This move follows the departure of consumer banking chief Marianne Lake. The appointments are viewed as a step in the succession planning for CEO Jamie Dimon.

    What's confirmed:

    • JPMorgan named Doug Petno and Troy Rohrbaugh as co-presidents.
    • Marianne Lake has departed the company.
    • The promotions are part of the planning to succeed CEO Jamie Dimon.

    Still unconfirmed:

    • The succession race has narrowed to a two-man race.
    • Marianne Lake's departure was abrupt.
    confidence 100%