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Updated 27d ago
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JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents effective June 25, 2026. Petno becomes the sole CEO of the Commercial & Investment Bank, while Rohrbaugh takes over as CEO of Consumer and Community Banking. These moves follow the departure of longtime executive Marianne Lake.
What changed
The bank appointed two co-presidents and shifted leadership of its consumer and investment banking divisions.
Live updates
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JPMorgan Names Doug Petno and Troy Rohrbaugh Co-Presidents
confidence 95%JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents effective June 25, 2026. Petno becomes the sole CEO of the Commercial & Investment Bank, while Rohrbaugh takes over as CEO of Consumer and Community Banking. These moves follow the departure of longtime executive Marianne Lake.
What's confirmed:
- Doug Petno and Troy Rohrbaugh were named Co-Presidents of JPMorgan Chase effective June 25, 2026.
- Doug Petno is now the sole CEO of the Commercial & Investment Bank.
- Troy Rohrbaugh is now the CEO of Consumer and Community Banking.
- Marianne Lake is exiting the company.
- JPMorgan granted retention RSUs to Petno and Rohrbaugh.
Still unconfirmed:
- Jamie Dimon plans to remain in his role for three more years.
- Marianne Lake is retiring.