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Updated 26d ago
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JPMorgan Shakes Up Dimon Succession Race With Two New Presidents
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents. This leadership change follows the retirement of long-term executive Marianne Lake. The move positions Petno and Rohrbaugh as primary candidates to eventually succeed CEO Jamie Dimon.
What changed
The bank replaced Marianne Lake with two new co-presidents to refine the CEO succession race.
Live updates
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JPMorgan Appoints Co-Presidents in CEO Succession Shift
confidence 95%JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents. This leadership change follows the retirement of long-term executive Marianne Lake. The move positions Petno and Rohrbaugh as primary candidates to eventually succeed CEO Jamie Dimon.
What's confirmed:
- JPMorgan appointed Doug Petno and Troy Rohrbaugh as co-presidents.
- Marianne Lake is retiring from the bank after a 25-year career.
- The appointment of Petno and Rohrbaugh is intended to identify successors for CEO Jamie Dimon.
Still unconfirmed:
- Jennifer Piepszak does not want to succeed Jamie Dimon as CEO.
- The current succession race is all-male.